Pay statement
Give a written statement when pay is paid, listing hours, rates, gross earnings, holiday, vacation, and paid-leave pay, deductions, other payments, and take-home pay.
Prince Edward Island earnings-statement requirements and source guide (2026)
Use this Prince Edward Island reference to understand what an employment earnings record should show, how it may be delivered, and which government publications support the requirements. Provincial or territorial employment-standards rules and federal tax administration may address different subjects; a standalone document generator does not operate payroll or remit deductions. Important topics include pay statement, minimum wage, new pei tax bracket.
- Official-source references
- Federal and provincial context
- Practical document checks
Overview
First, determine which rules apply
Prince Edward Island replaced its Employment Standards Act on June 30, 2026. The new section 37 earnings record is one of the most detailed in Atlantic Canada. It lists vacation pay, holiday pay, and pay for any paid leave as separate gross amounts. It also covers pay in place of termination notice and bonuses, tips, living allowances, and other payments, along with the employer’s address.
Electronic statements are allowed when the employer gives the employee private access to the statement through the workplace and a means of making a paper copy. Section 39 requires a longer list of supporting wage records, including the employee’s address, date of birth, and social insurance number. These are kept for 36 months after the employee last performs work. They are record items, not statement fields. Section 36 limits a pay period to 16 days.
PEI has no provincial employer health or payroll tax. PEI income tax is withheld through the CRA. The CRA’s July 2026 edition of T4127 added PEI’s new 20% bracket on income above $200,000, applied at a prorated 21% for the rest of 2026.
Key findings from the official source material
Minimum wage
PEI’s minimum pay rate is $17.30 per hour from October 1, 2026. It is scheduled to rise to $17.60 on April 1, 2027.
New PEI tax bracket
In the 2026 reference year, PEI added a 20% rate on taxable income above $200,000. Payroll uses a prorated 21% rate on that income for pay dates from July 1 to December 31, 2026.
Workers’ compensation
Most PEI employers register with the Workers Compensation Board of PEI and pay employer-funded assessments based on industry and payroll.
Primary official authority
Primary sources for Prince Edward Island
Consult these agency and research references when checking the rules for Prince Edward Island. The publication date and availability of each link should be rechecked before relying on its contents.
Document checklist
What to check before using an earnings statement
Use the Prince Edward Island requirements as a document-review list. Identify the governing employer or worker category, and distinguish mandatory fields from good recordkeeping practices.
When a statement is required
Give each affected worker a written statement at the time pay is paid. A pay period may not exceed 16 days.
Information to include
The employee’s name; the employer’s name and address; the period or work being paid for; the rate of pay and recorded work hours; gross earnings; the gross amounts of vacation pay, holiday pay, and pay for paid leave; any pay in place of termination notice; the amount and purpose of each deduction; any bonus, tips, living allowance, or other payment; and the net amount paid.
Electronic delivery
Electronic statements are allowed when the employer gives the employee private access to the statement through the workplace and a means of making a paper copy.
Related business obligations
Retain section 39 supporting wage records for 36 months after the employee last performs work. Apply CRA source deductions and WCB PEI assessments separately from the statement rule.
After payday
Delivery, access, and records after payday
Delivery method
Paper, or electronic with confidential workplace access and a means of making a paper copy.
Retention
Retain supporting wage records for 36 months after the employee last performs work. Required records include the employee’s address, date of birth, social insurance number, hours, wages, deductions, vacation, holiday and leave details, overtime hours, and employment dates.
Deductions & contributions
Deductions, contributions, and employer charges
PEI employers deduct federal and PEI income tax, CPP contributions, and EI premiums and remit them to the CRA. WCB PEI assessments are an employer cost and are not deducted from employee pay. PEI has no provincial employer health or payroll tax.
PEI income tax (July 1, 2026 change)
In the 2026 reference year, PEI taxes income above $200,000 at 20%. For pay dates from July 1 to December 31, 2026, the CRA formulas apply a prorated 21% to that income. PEI’s basic personal amount for the 2026 year is $15,000.
WCB PEI
Employer-funded assessments based on industry rate and assessable payroll.
Income tax (CRA)
Outside Quebec, employers withhold federal and provincial or territorial income tax together and remit both to the CRA. Refer to the CRA payroll deductions tables (T4032), the Payroll Deductions Online Calculator (PDOC), or the T4127 formulas that govern the pay date. In the 2026 reference year, the lowest federal rate is 14% and the federal basic personal amount is up to $16,452.
Canada Pension Plan (2026)
In the 2026 reference year: basic exemption $3,500; maximum pensionable earnings $74,600; employee and employer each contribute 5.95%, up to $4,230.45. The second additional contribution (CPP2) is 4% each on earnings from $74,600 to $85,000, up to $416.
Employment Insurance (2026)
In the 2026 reference year, maximum insurable earnings are $68,900. The employee premium is 1.63% of insurable earnings, up to $1,123.07. The employer pays 1.4 times the employee premium (2.28%), up to $1,572.30, unless it qualifies for a reduced rate.
Remittances, slips, and ROEs
Regular remitters send source deductions to the CRA by the 15th day of the month after the deductions were made. Accelerated and quarterly remitters follow different schedules. Employers also prepare T4 slips for the year and issue a Record of Employment when a worker has an interruption of earnings.
Document-generation boundary: Where a source discusses remitting taxes or employer contributions, PayStubCheck presents that information as context only. Preparing a document does not complete a remittance, file a return, or establish that a calculated figure is correct for a particular worker.
Provincial vs. federal rules
Local rules and coverage exceptions
The official material consulted for this jurisdiction did not establish a municipal minimum pay rate or municipal payroll tax that changes payroll in Charlottetown, Summerside, or other PEI municipalities. The main timing issue in 2026 is the change of Act.
Step-by-step process
A practical document review sequence
1Identify the applicable employment or record rule.
2Collect the period, pay, deduction, and jurisdiction details.
3Verify the numbers against records and official guidance.
4Review the generated document and retain appropriate supporting evidence.
A simpler way
Using PayStubCheck responsibly
Use the Prince Edward Island references above to check the kind of earnings document you are preparing, verify the dates and figures, and decide whether the document must contain specific information. PayStubCheck offers standalone document preparation; it does not run payroll, retain authoritative employer payroll ledgers, give individualized legal advice, or file tax returns on the user’s behalf.
Canada purchase status: Canadian purchase or checkout capabilities remain disabled unless separately authorized. This jurisdiction page is informational only.
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References
Official publications and research links
- 01View the minimum wage announcement (opens in a new tab)princeedwardisland.ca
- 02View CRA T4127, July 2026 (opens in a new tab)canada.ca
- 03Visit WCB PEI (opens in a new tab)wcb.pe.ca
- 04Employment Standards Act (2024), in force June 30, 2026 (opens in a new tab)docs.assembly.pe.ca
- 05Changes to the Employment Standards Act (opens in a new tab)princeedwardisland.ca
- 06PEI pay and pay statements (opens in a new tab)princeedwardisland.ca
- 07CRA payroll deductions tables (opens in a new tab)canada.ca
- 08T4127 payroll deductions formulas (opens in a new tab)canada.ca
- 092026 EI premium rate announcement (opens in a new tab)canada.ca
- 10CRA remittance due dates (opens in a new tab)canada.ca
- 11Service Canada Record of Employment (opens in a new tab)canada.ca
- 12CRA: determine the province of employment (opens in a new tab)canada.ca
Province and territory outline: @svg-maps/canada by Victor Cazanave, based on MapSVG, licensed CC BY 4.0; recoloured and cropped for this page.
Questions
Questions about Prince Edward Island earnings records
What must a Prince Edward Island pay statement show?
The employee’s name; the employer’s name and address; the period or work paid for; the rate of pay and hours; gross earnings; vacation, holiday, and paid-leave pay; any pay in place of notice; each deduction and its purpose; any bonus, tips, living allowance, or other payment; and the net amount paid.
When did PEI’s new Employment Standards Act take effect?
June 30, 2026.
Can a PEI employer provide pay statements electronically?
Yes, when the worker has private access to the statement through the workplace and a means of making a paper copy.
How long must PEI payroll records be kept?
For 36 months after the employee last performs work.
What is PEI’s minimum wage?
$17.30 per hour from October 1, 2026, rising to $17.60 on April 1, 2027.
How did PEI withholding change on July 1, 2026?
PEI added a 20% bracket on income above $200,000 for the 2026 year. Payroll applies a prorated 21% rate to that income for pay dates from July 1 to December 31, 2026.
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