P.E.I.’s Island Waste Management Corporation is applying for its first fee increase since 2012. Social Sharing CBC News · Posted: Jan 12, 2021 7:44 AM AT | Last Updated: January 12 The residential and cottage increases would be retroactive to January 1, but would show up on Islander's next property tax bill. (Kevin Yarr/CBC) comments The application is before the Island Regulatory and Appeals Commission. Island Waste Management has applied for a four per cent increase, about $8 a year, and 20 per cent increase for regular seasonal cottage owners, about $20 a year. The group says, in its submission to IRAC, it is looking to catch up with cost increases over the last eight years.