Prince Edward Island credit union deposits are covered by a provincial deposit insurance corporation, car insurance is private, and the province charges a 1% real property transfer tax with an exemption for eligible first-time buyers.
The PEI Credit Union Deposit Insurance Corporation covers eligible non-registered deposits up to CAD 250,000 and eligible registered accounts with no limit. Banks are covered by CDIC up to CAD 100,000 per eligible category.
Auto insurance is mandatory and sold by private insurers, with rates reviewed by the Island Regulatory and Appeals Commission (IRAC).
PEI uses a 15% HST. The real property transfer tax is 1%, and eligible first-time buyers can be exempt. Owner-occupied homes pay a lower provincial property tax rate.
These products name Prince Edward Island in the availability terms the provider publishes. Most listings do not state provincial availability yet, so check other categories too.
Sonnet Insurance
Car insurance offers protection against vehicle repair or replacement costs and responsibility for damage or injuries caused to others while driving. Drivers can customize and buy their policy online in Ontario, Quebec, New Brunswick, Nova Scotia and P.E.I.
Sonnet Insurance
Home insurance protects your house, belongings and personal liability. It suits homeowners buying online in the listed provinces; policies have exclusions and limits that should be reviewed.
Sonnet Insurance
Tenant insurance protects renters’ personal belongings, personal liability and additional living expenses if they cannot live in their rental unit. It suits people renting or leasing their home because the landlord’s policy does not provide their contents or liability protection.
BDC
Financing to buy, merge with or take over a Canadian business, including some transaction costs.
BDC
A loan that pays suppliers directly so a business can fill large customer orders.
BDC
A loan for hardware, software, cybersecurity, digital infrastructure and expert IT advice.
BDC
A loan for growth projects such as inventory, supplier payments, new markets and hiring, without using everyday cash.
Federation of African Canadian Economics
Loans up to CAD 250,000 for Black business owners across Canada.
Futurpreneur
Equity-free startup financing plus mentorship for entrepreneurs aged 18 to 39 starting or buying a business.
Women's Enterprise Organizations of Canada
Loans up to CAD 50,000 with business support for women entrepreneurs across Canada.
These institutions operate in Prince Edward Island. Membership and residence rules vary, and not every product they offer is available everywhere.
Limits and rules can change. Confirm current terms with the provincial body before relying on them. This is general information, not financial advice.
Finvilo