Age Amount For 2024. An individual resident who is 60 years or above in age but less than 80 years at any time during the previous year is considered as senior citizen for income tax purposes. From 1 january 2024 the minimum wage is fixed per hour.
Benefit amounts for january will be published on this page at the end of december 2024. (4) the pei 2023 budget increases the basic personal, spousal and age amounts for 2023 and 2024, and reduces the lowest tax rate to 9.65% from 9.8%.