Letters to Provinces and Territories: Prince Edward Island 2019

The Honourable Darlene Compton, M.L.A.
Minister of Finance
Government of Prince Edward Island
Shaw Building South, Second Floor
95 Rochford Street
P.O. Box 2000
Charlottetown, PE   C1A 7N8

Dear Colleague:

I am pleased to provide you with Prince Edward Island's transfer payment amounts for 2020-21 in accordance with the Federal-Provincial Fiscal Arrangements Act (the Act) and relevant regulations.

Total major transfers to Prince Edward Island for 2020-21 will round to $694 million, an increase of $46 million from 2019-20. The first estimates of your province's Canada Health Transfer and Canada Social Transfer payments for 2020-21 are $176.8 million and $63.4 million respectively. In accordance with the legislated formula under the Act and its regulations, your province's Equalization payment for 2020-21 will be $454.1 million.

Enclosed for your information is a table presenting the 2020-21 major transfer amounts for each province and territory. The table will be provided to your officials and posted on the Department of Finance's website in the context of the December 2019 Finance Ministers' Meeting.

I look forward to working collaboratively with you to advance our shared priorities that matter to Canadians.

Yours sincerely,

The Honourable Bill Morneau, P.C., M.P.

Major Transfer Payments for 2020–21 ($ millions)1
Jurisdiction Equalization Territorial Formula Financing* Canada Health Transfer Canada Social Transfer Total 2020-21
NL     569 204 773
PEI 454   177 63 694
NS 2,146   1,081 388 3,614
NB 2,210   860 309 3,379
QC 13,253   9,424 3,381 26,058
ON     16,271 5,838 22,109
MB 2,510   1,521 546 4,576
SK     1,302 467 1,769
AB     4,877 1,750 6,628
BC     5,651 2,028 7,679
YK   1,055 45 16 1,116
NWT   1,413 49 18 1,479
NU   1,713 44 16 1,772
TOTAL 20,573 4,180 41,870 15,023 81,646
1 Totals may not add due to rounding.
* Includes transition payments of $1,270,000 to Yukon and $1,744,000 to the Northwest Territories (Budget 2018).
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