Prince Edward Island IFTA Information
Prince Edward Island is one of the three Maritime provinces and the smallest province with respect to size and population. Currently to obtain an IFTA license you are required to submit a completed application to The Government of Prince Edward Island. The application fee is currently $25.00 with an additional $25.00 for each set of decals. Each qualified motor vehicle is required to have one set of decals at all times.
Requirements for IFTA Prince Edward Island Licensing
If you’ve recently obtained your CDL, you need to know about the IFTA and how it applies to you as a driver. First of all, congratulations! We know you’re excited to get on the road and start building your business. So, if you plan to operate in two or more IFTA jurisdictions, you are required to apply for a license. To obtain an IFTA Prince Edward Island license, you must meet a few qualifications as listed below.
You can declare Prince Edward Island as your home (base) jurisdiction if:
- Your business is based in Prince Edward Island and all operational controls and records are maintained in the province.
- You operate a qualified motor vehicle in Prince Edward Island and at least one other participating jurisdiction in Canada or the U.S.
A qualified motor vehicle is one that:
- Is designed, maintained, and used to transport persons or property.
- Has two axles and a GVW or registered vehicle weight exceeding 26,000 pounds.
- Has three or more axles regardless of weight.
- Is used in combination with a combined GVW or registered vehicle weight of more than 26,000 pounds.
If you meet the requirements, an IFTA license and two IFTA decals for each vehicle will be issued. You can obtain additional decals if needed. You must carry a copy of the IFTA license inside each vehicle. IFTA decals must be displayed on each side of the cab’s exterior.
As an IFTA licensee, you’re required to file quarterly fuel use tax reports with your base jurisdiction. Fortunately, you’ll only need to file one report each quarter, and your base jurisdiction will disburse the taxes to the states or provinces where you drove. The IFTA quarterly tax schedule is as follows:
Quarterly IFTA Due Dates
|Q1 January – March||April 30|
|Q2 April – June||July 31|
|Q3 July – September||October 31|
|Q4 October – December||January 31|
Failure to comply with the above due dates can result in a penalty of 10% of the taxes due, or $50, whichever is greater. You also stand a chance of having to park your truck until the payments are satisfied.
Renewing Your Prince Edward Island IFTA License
Your IFTA Prince Edward Island license will expire each year on December 31st. To avoid any delays in receiving the IFTA sticker renewal, you should submit the renewal application before November 30th. As mentioned above, all IFTA taxes must be up-to-date before you can obtain a current IFTA permit and decals.
We agree. This is a lot of information to keep track of while you’re trying to earn a living. The more time you spend on paperwork translates to less time on the road. Maybe you need an assistant in the form of our TruckingOffice program.
How TruckingOffice Can Help
As a professional trucker, you’ll enjoy seeing the Canadian countryside from the comfort of your cab. But, a day on the road can also present some challenges along the way. The last thing you need to be worried about is paperwork. With TruckingOffice, we take care of all administrative aspects of your business, leaving you with more time to drive. TruckingOffice makes filing your quarterly IFTA easy by keeping all of your information in one place. We track everything you need for IFTA including miles by state and fuel gallons by state. Your miles are calculated automatically using PC*Miler. Contact us to learn more and start filing your IFTA the easy way today!