COVID-19: Economic Relief Measures Announced to Date

  • On March 18, 2020, the Government of Prince Edward Island announced the following measures:
    • the scheduled loan payments are deferred for the next 3 months for clients of Finance PEI, Island Investment Development Inc., and the PEI Century Fund, and
    • $4.5 million will be provided to Community Business Development Corporations across the province to deliver financing to small business and entrepreneurs;
  • For more information, see the Government of Prince Edward Island’s news release of March 18, 2020. [486]

Relief measures for individuals

Co-Parenting Action Team (CAT)

  • The CAT will offer personalized supports to help parents address co-parenting challenges during COVID-19, including connecting them with appropriate government and community programs and services.
  • For more information, see the Government of Prince Edward Island’s news release of May 12, 2020.[487]

Support for essential workers

  • On May 7, 2020, the Government of Prince Edward Island announced a wage top-up for certain essential workers that make less than $3,000 per four-week period. They will receive a one-time payment of $1,000 through their employers.
  • For more information, see the Government of Prince Edward Island’s news release of May 7, 2020.[488]

Support for post-secondary students

  • The government is supporting the creation of 1,000 new job placements for Island high school and post-secondary students through increases to current employment programs and partnerships with community and industry.
  • For more information, see the Government of Prince Edward Island’s news release of April 14, 2020.[489]

COVID-19 Special Situations Fund

  • The Minister of Transportation, Infrastructure and Energy announced a $1,000,000 fund for Islanders who may not qualify for existing support programs.
  • The fund will provide up to $1,000 to Islanders who have experienced urgent income loss as a result of COVID-19 and are not eligible for other federal and provincial funding support. Islanders are to review the various programs available and if they do not qualify they may be eligible for support.
  • For more information, see the Government of Prince Edward Island’s news release of April 2, 2020.[490]

COVID-19 Income Support Program

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