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Taxation outside of the municipalities of Char- lottetown and Summerside, is very moderate, and it is applied to the maintenance of the Provincial Govern— ment.

Taxation

The present Land Tax system was introduced in 1894, and the amount paid ranged from I to 6 cents per acre according to the value, averaging about 3% cents per acre. In 1897 the Act was amended and a per- centage tax at the rate of one-fifth of one per cent. 011 the value of the property, or 20 cents on $100, was adopted. The owner makes a declaration before the Deputy Receiver of Taxes, of the cash market value of the land with the appurtenances. and on this the percentage is paid. The value of the land includes the value of the buildings thereon ; but no improvements are embraced after the first year. This tax is collected either from the owner, tenant or occupier, and the land, as well as goods and chattels, is liable. In case of undervaluation, provision is made for proceedings at the expense of the owner to ascertain the correct value. This, however, is rarely resorted to. Cemeteries and church yards are exempt.

Land Tax

The assessable income of every person receiving wages or salary for any employment or income from his or her own actual manual labor is calculated upon the amount over $350. Every other person is taxed on the full amount of his or her income. The sum to be paid is left to the voluntary declaration of the individual. Non-residents of the Province receiving an income from money invested or from property situated therein, are liable. The present rate is one and one-half per cent.

Income Tax

With certain exemptions, estates of persons dying, valued at from $3,000 to $50,000 after payment of debts and expenses of administration, pay a succession tax of 1% per cent., 2% per cent., and 7% per cent., according to value, and nature of passing.

Commercial Travellers are taxed $20 per annum ; those

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Other Taxes