Price Island is an island on the coast of the Canadian province of British Columbia. It is located at the southeastern end of Hecate Strait and the northeastern end of Queen Charlotte Sound. The southernmost point of Price Island, called Day Point, is used to delineate the boundary between Hecate Strait and Queen Charlotte Sound. Milbanke Sound is just to the south of Price Island. Laredo Sound is just north. Swindle Island lies just north of Price Island. The main Inside Passage route crosses Milbanke Sound and enters Finlayson Channel just east of Price Island.