Everyone needs help with finances. Financial Literacy means having the knowledge, skills and confidence to make responsible financial decisions.
- The Government of PEI has invested in programs that benefit Island residents.
- The Government of Canada offers many programs and services for Canadians concerning education savings, pensions and retirement, tax benefits and consumer and wage earner protection.
- Local and national organizations and agencies also offer financial help through their services and programs.
Below is a listing of current financial programs and services:
Families & Housing
Government of PEI – Families & Housing
Childcare Subsidy Program – This provincial program is designed to assist Island parents with the cost of childcare and daycare services. The program includes children up to the age of 12. In 2018 and 2019, childcare subsidies are slated to increase by $1.2 million. Up to 400 new childcare spaces will be added. Click here for details.
For more information on childcare subsidies, call 902-368-6470.
For more information on childcare spaces, call 902-438-4130 or email [email protected].
For more information, call toll-free 1-877-569-0546 or email [email protected]
Grandparents and Care Providers Program – Eligible families who provide out-of-home care for children will receive $700 per month (per child) as well as child care and children’s dental and drug coverage. Click here for details.
For more information, call toll-free 1-877-341-3101 or email [email protected]
Housing Services – This program assists eligible seniors and families with finding affordable homes. Up to 1,000 new low-income housing units will be added in the next few years in partnership with community care providers. Click here for details.
For more information, call 902-368-5770 or email [email protected].
Community Legal Information Association (CLIA) www.cliapei.ca/sitefiles/File/publications/GEN7.pdf
Office of the Director of Residential Rental Property www.irac.pe.ca/rental
Canada Mortgage and Housing Corporation www.cmhc-schl.gc.ca/en/co/reho/yogureho/fash/fash_010.cfm
Consumer Awareness & Protection
Government of PEI – Consumer Information
Consumer Services – This division of the PEI Department of Justice and Public Safety handles consumers’ complaints and informs them of their rights and responsibilities regarding collection agencies, payday loans and more. Click here for details.
Filing a complaint with Securities – If you have serious concerns about the way your investments have been handled, a company you have invested in, or believe securities law has been breached by a company or individual, you can make a formal complaint to the Prince Edward Island Office of the Superintendent of Securities. Click here for details.
Government of Canada – Consumer Protection
Canadian Anti-Fraud Centre – This agency collects information on such matters as mass marketing fraud (e.g., telemarketing), advance fee fraud (e.g., West African letters), Internet fraud, and identity theft complaints. Click here for details.
Help finding, managing, and maintaining work
Government of PEI – Skills PEI
SkillsPEI offers programs and services for job seekers, employers, and organizations. SkillsPEI provides assistance to unemployed individuals who are eligible for Employment Insurance (EI) and individuals who are not eligible for Employment Insurance (EI) to prepare for and find employment.
Programs for job seekers: Training PEI, Training PEI Career Connect, Employ PEI, Self Employ PEI, Work Experience PEI, Career Prep program, Graduate Mentorship program, Post Secondary program
Programs for older workers: Passport to Employment
Programs for employers: Employ PEI, Workplace Skills Training, Career Prep program, Graduate Mentorship program, Post Secondary program
Programs for organizations: Workforce Development Projects, Work Experience PEI, Employment Assistance Services, Labour Market Partnerships
Call SkillsPEI’s General Inquiries Line at 1-877-491-4766 or visit one of the offices below:
Atlantic Technology Centre, Suite 212, Charlottetown| 902-368-6290
Provincial Building, Montague| 902-838-0674
Future Tech West, O’Leary| 902-859-8898
Access PEI, Summerside| 902-438-4151
Access PEI-Wellington Outreach Site,
Access PEI-Souris Outreach Site, 15 Green Street, Souris
For more information, visit www.skillspei.com.
Delivered by the Department of Workforce and Advanced Learning and funded in whole or in part through the Canada-PEI labour market agreements.
Government of PEI – Employment Standards
Employment Standards on PEI – Workers’ rights are protected under employment legislation on PEI. The Employment Standards Act, Youth Employment Act and other labour laws clarify the rights and obligations of employees and employers and set minimum standards to ensure individuals are treated fairly in the workplace. Click here for more information.
Government of Canada – Workers’ rights & information
Wage Earner Protection Program – This program provides timely payment of eligible wages owing to workers whose employer has gone bankrupt or become subject to receivership. Eligible wages under the Program include salaries, commissions, vacation, termination and severance pay. Click here for details.
Workplace financial literacy – Workplaces that offer financial education help their employees cope with a major source of stress, leading to happier and more productive employees. Click here for details.
Education Savings Help
Information as shared by The Employment Journey on PEI
Be aware of free money in education – published April 2018 – Employment Journey on PEI Information related to student awards, education savings, benefits and income tax help here.
The criteria to receive assistance vary, and could include academic achievement, athletic skill, extra-curricular and community involvement, and/or special abilities. Scholarships are typically based on accomplishment and other specific criteria, while grants and bursaries may take financial need into consideration as well. Click here for a complete list of what is available for PEI students.
Government of PEI – Investments in Student Financial Assistance
Island Advantage Bursary – A new bursary that has two parts: one is for low and middle-income students, and one that supplements the George Coles Bursary, Island Student Award, Island Skills Award, and George Coles Graduate Bursary. These grants are currently available to students are UPEI, Maritime Christian College, Holland College and College de l’Ile.
The Debt Reduction Grant — This grant increased to $3,500 this year with a requirement for Island residency. Further, the time to apply for the grant will be increased from one year to three years.
For more information, go to www.princeedwardisland.ca/sites/default/files/publications/2018-budget-student_financial_assistance.pdf
For more information, call 902-368-4640 or e-mail email@example.com.
Check out this Q & A video on student loans, bursaries, grants and awards from the Department of Workforce and Advanced Learning:
Posted by PEI Youth on Friday, April 20, 2018
Government of Canada – Student Financial Assistance
Canada Learning Bond – An education savings plan which provides up to $2,000 towards post-secondary education. Children must be born in 2004 or later to be eligible for the plan. Click here for more information.
Retirement & Pensions Help
Income Tax Help
Government of Canada – Income Tax Help
Community Volunteer Income Tax Program – A free program for eligible taxpayers who have modest income and simple tax situations. To find out about credits taxpayers can take advantage of, click here for details.
Government of PEI – Tax relief for Islanders
The Basic Personal Amount will increase by $500 in 2018 with a further increase of $500 in 2019. After the plan is implemented, approximately 2,200 additional Islanders will no longer pay any provincial income tax.
For more information, contact the Department of Finance at 902-368-4040 or [email protected]
To learn more about the new and expanded benefits that may be available to PEI residents, check out “Benefits for Islanders” brochure here.
Visit www.princededwardisland.ca/getyourshare for more information
Electricity Tax Relief – The first block of residential electricity will now be rebated equivalent to the provincial portion of the HST on electricity bills each month. This means an average of $120 a year in savings per household.
A rebate equivalent to the provincial portion of HST will also be available for firewood, pellets and propane through a point-of-sale credit or rebate.
For more information, contact Efficiency PEI toll-free at 1-877-734-6336 or email [email protected].ca.
Financial information - Education & Counselling
Government of PEI
Be aware and get your share. Federal and provincial government benefits are available for individuals and families based on eligibility criteria. If you or your team would like to discuss this initiative or arrange an information session, contact Amy Doyle at [email protected] or call 902-368-6389.
Employment Standards on PEI – Workers’ rights are protected under employment legislation in PEI. The Employment Standards Act, Youth Employment Act and other labour laws clarify the rights and obligations of employees and employers and set minimum standards to ensure individuals are treated fairly in the workplace. Click here for more information.
Government of Canada -Financial Consumer Agency of Canada
The Financial Consumer Agency of Canada (FCAC) ensures federally regulated financial entities comply with consumer protection measures, promotes financial education and raises consumers’ awareness of their rights and responsibilities. Click here for details.
The following resources may be found at the FCAC website
Canadian Financial Literacy Database – Find resources, events, tools and information on budgeting, money management, insurance, saving, investing, and taxes from various Canadian organizations. Click here for details.
Chartered Professional Accountants of Canada (CPA Canada)
Request a financial literacy session in your community Learn more about CPA Canada’s literacy sessions for schools, adults, seniors and newcomers, and register. Click here for details.
Credit Counselling Services of Atlantic Canada is a non-profit organization providing confidential and professional budget, credit and debt repayment counselling programs to families and individuals. Click here for details.
Grant Thornton has Licensed Insolvency Trustees (LIT), who are federally-regulated professionals that provide advice and services to individuals and businesses with debt problems. Click here for details.
Family Service PEI (FSPEI) Credit Counselling is a registered charitable non-profit agency, accredited by Credit Counselling Canada. Credit Counsellors meet face-to-face with clients to help them get debt-free and learn money management skills. FSPEI also offers a debt repayment program. Clients of the Credit Counselling Program can also access the FSPEI Therapeutic Counselling Program free of charge. Click here for details.
Money management sessions offered on PEI
Money management sessions offered on PEI
Organizations such as Family Service PEI (FSPEI), Career Development Services PEI (CDS), CBDC Rural Action Centres, and RDÉE PEI host information sessions throughout the year on topics such as money management, operating on a shoestring budget, and funding sources to help start a business or get a post-secondary education.
FSPEI Community Education Sessions cover basic money-management information for students, community groups or workplaces. FSPEI is also available for information fairs and trade shows. Click here for details.
For Charlottetown and Summerside areas, call toll free: 1–866-892-2441
CDS – PEI services are free to job seekers. Visit www.cdspei.ca . Check out an office near you:
- Montague | 902-838-5453
- Souris | 902-687-1526
- Charlottetown | 902-626-2014
- Bloomfield | 902-859-2776
- Summerside | 902-436-0706
CBDC Rural Action Centres offer business guidance, entrepreneur education and management assistance for start-ups and more.
Visit www.ruralactioncentres.ca or go to a CBDC Rural Action Centre office near you:
- Montague | 902-838-4030
- Central Bedeque | 902-887-3400
- Alberton | 902-853-3616
- Souris | 902-687-4084
- Wellington | 902-854-3439
RDÉE PEI is the provincial francophone economic development council. It has locations in Wellington and Charlottetown. Go to www.rdeeipe.net Visit a location near you:
Wellington | 902-854-3439
Charlottetown | 902-370-7333
Financial Publications - money management resources available - Canada
Financial Publications – money management resources available – Canada
Prosper Canada Centre for Financial Literacy – works with business, government and non-profit partners to increase access to high quality, unbiased, and free financial information, education and counselling for Canadian living on low incomes. Click here for details.