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].
Seniors Independence Initiative– This program will provide $1.65 million for practical services to support the independence of seniors. Click here for details.
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 Action Plan – The website Home Together – Affordable Housing on PEI shares the latest news on the province’s housing developments and listings for affordable housing supports for individuals, seniors and families, community housing and community shelters. Click here for details.
Another feature is finding help for your home, such as down payment assistance, home renovation, and energy efficiency rebate. Click here for details.
Private developers can find information on low-cost loans and other funding here.
For more information, call 902-368-5770 or email [email protected].
New investments through the Housing Action Plan
Province supports CMHA PEI housing initiatives
New affordable housing in western PEI
New Housing for Seniors in Summerside
New Supportive Housing in Charlottetown
New Housing for Seniors in Summerside
Stratford residents get behind affordable housing project
Province invests in Habitat for Humanity Homes
Renters’ Rights
Community Legal Information Association (CLIA) www.cliapei.ca/sitefiles/File/publications/GEN7.pdf
Tenant Support Centre – CLIA www.rentingpei.ca
New tenant support worker will assist Island renters
Office of the Director of Residential Rental Property www.irac.pe.ca/rental
Canada Mortgage and Housing Corporation
https://www.cmhc-schl.gc.ca/en/rental-housing
Governments of Canada and PEI Reach a 10-year Housing Agreement
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.
Canada Benefit Finder – A short survey to connect you to the federal and provincial benefits you may be entitled to. Click here for details.
Education Financial Help
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, Career Connect, Employ PEI, Self Employ PEI, Work Experience PEI, Career Prep program, Graduate Mentorship program, Post Secondary program
Programs for employers: Employ PEI, Workplace Skills Training, Career Prep program, Graduate Mentorship program, Post Secondary program
Visit the SkillsPEI website at www.skillsPEI.com or 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
Delivered by the Department of Workforce and Advanced Learning and funded in whole or in part through the Canada-PEI labour market agreements.
2018 Scholarships, awards, grants, and bursaries for PEI residents in post-secondary education
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.
Be aware of free money in education
The April 2018 issue of The Employment Journey on PEI shared information related to student awards, education savings, benefits and income tax help here.
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 studentloan@gov.pe.ca.
Visit www.princeedwardisland.ca/student-loans.
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.
Education funding – Scholarships, paying for your education, RESPs, budgeting tips and paying off student debt. Click here for details.
Canada Benefit Finder – A short survey to connect you to the federal and provincial benefits you may be entitled to. Click here for details.
New grants make post-secondary education more attainable for PEI residents
Retirement & Pensions Help
Savings and pension plans – Information for individuals (contributors) and plan administrators. Click here for details.
Pensions & retirement – Retirement planning, public and registered pensions, RRSPs, RRIFs, retirement income calculator and more. Click here for details.
Canada Benefit Finder – A short survey to connect you to the federal and provincial benefits you may be entitled to. Click here for details.
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.
Canada Benefit Finder – A short survey to connect you to the federal and provincial benefits you may be entitled to. 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 counselling & education resources
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
Financial tools and calculators – Tools to help you choose a bank account and credit card, including budget and mortgage calculators. Click here for details.
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)
CPA Canada’s Financial Literacy Program Unbiased objective financial literacy education and information to improve the overall state of financial literacy in Canada. Click here for details.
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
Allan Marshall and Associates offers a wide range of services including Bankruptcy and Consumer Proposals to the residents of PEI. Click here for details.
BDO Debt Solutions has local teams of knowledgeable professionals such as proposal administrators, credit counselors, and Licensed Insolvency Trustees. 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.
MNP Ltd. has a Consumer Insolvency team to help individuals with consumer proposals, personal bankruptcy and credit counselling. Click here for details.
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 - PEI & Canada
Family Service PEI (FSPEI) – It’s Your Right – gives advice on protecting people financially as they age. Click here to select a list of topics.
ABC Life Literacy Canada – Money Matters – designed for adult learners, Indigenous communities, newcomers and New Canadians. Click here for details.
CPA Canada’s Financial Literacy Publications – offer in-depth knowledge on improving your financial health. Click here for details.
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.
Prosper Canada’s Learning Hub further helps practitioners, policy-makers, funders, and advocates working to advance the field of financial empowerment. Click here for details.
The Ready Commitment from TD Bank – financial security, a more vibrant planet, connected communities and better health. Click here for details.
RBC Future Launch – helps youth get an education, grow their network, and gain skills. Click here for details.
Funding available for PEI organizations
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 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
Programs for job seekers: 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
Visit the SkillsPEI website at www.skillsPEI.com or 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
Delivered by the Department of Workforce and Advanced Learning and funded in whole or in part through the Canada-PEI labour market agreements.
WCB Grant Program
A Grant Program is now available through the Workers Compensation Board. The Program will provide financial supports to help fund innovative workplace solutions and training and educational opportunities for Island employers and workers.
“Enhancing PEI’s workplace safety culture and improving return to work outcomes are two strategic priorities that are emphasized within this program, and it will be rewarding to see how the grants will impact the health and safety of workers and employers of PEI,” said WCB Chair Stuart Affleck.
Organizations can apply for funding under two streams: Workplace Innovation, and Training and Education.
For all the details, click here.
The Law Foundation of PEI
The Law Foundation of PEI has an annual funding grant for community organizations. This grant supports ideas for projects that provide legal education or improve access to justice on PEI.
For further details on projects that are eligible and to obtain an application package, contact the Executive Director, Sheila Lund MacDonald at [email protected].ca .
Visit www.lawfoundationpei.ca.
United Way of PEI Funding Opportunities
The United Way of PEI has a Community Investment Program with a focus on children, youth and their families who are living in, or at risk of living in, poverty. There are currently two separate funding streams:
Community Impact Grant (2019-2021) – This grant opportunity focused on breaking the cycle of poverty – to prevent people from entering poverty, and lift them out for good
Food Security Grant (2019-2020) – This grant focuses on ensuring children, youth and their families who experience, or are at risk of experiencing, food insecurity have access to abundant, affordable and nutritious food.
For further details contact the Community Impact Manager, United Way of Prince Edward Island, at [email protected].com.
Funding available for Youth
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, Career Connect, Employ PEI, Self Employ PEI, Work Experience PEI, Career Prep program, Graduate Mentorship program, Post Secondary program
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
Visit the SkillsPEI website at www.skillsPEI.com or 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
Delivered by the Department of Workforce and Advanced Learning and funded in whole or in part through the Canada-PEI labour market agreements.
TakingITGlobal is looking for young people who are inspired with ideas and ready to take action through youth-led community service grants. Do you have a simple project idea to support your community? This is your opportunity to shape the future of your community, learn valuable skills and gain experience.
Apply for grants at www.risingyouth.ca .#RisingYouth #LeadersToday
This initiative is funded by the Government of Canada under Canada Service Corps.