Taxation and Property Records - Seniors Property Tax Deferral Program

Provided by: Government of Prince Edward Island - Department of Finance
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Service Description

Aims to lower the cost of living for eligible older adults by offering to defer payment of property taxes on their principal residence. Upon acceptance into this program, annual property taxes are deferred. Taxation and Property Records will keep an accumulated total of taxes owing each year.

If the property owner dies or the property is sold, all deferred taxes become payable.

If continuing with the program for life, the accumulated taxes are required to be paid out of the estate. If the value of the estate is not sufficient to cover the amount of the accumulated taxes, the government will discharge any outstanding balance.

Information

Eligibility:
May qualify if you:
- Are ages 65 years and older
-Have occupied your principal residence for at least six months in the year preceding the date of application
-Have an annual household income of less than $42,000
See Application form for full details
Fees:
No fees
How to Access:
Download application form from website or drop in to complete the application form
Documents Required:
Completed application form * A copy of last year's income tax return(s) for each person residing within the residence
Language:
English
Website:
https://www.princeedwardisland.ca/en/information/finance/seniors-property-t(...)
Coverage Area:
Epekwitk / Prince Edward Island

Service Locations & Contact Info