Letters to Provinces and Territories: Prince Edward Island 2024

The Honourable Jill Burridge, M.L.A.
Minister of Finance
Government of Prince Edward Island
Shaw Building South, Second Floor
95-105 Rochford Street
P.O. Box 2000
Charlottetown, PE C1A 7N8

Dear Minister,

I am pleased to provide you with Prince Edward Island’s transfer payment amounts for 2025-26 in accordance with the Federal-Provincial Fiscal Arrangements Act (the Act) and relevant regulations.

Total major transfers to Prince Edward Island for 2025-26 will round to $977 million, an increase of $69 million from 2024‑25.

The first estimates of your province’s Canada Health Transfer and Canada Social Transfer payments for 2025-26 are $236 million and $75 million respectively. In accordance with the legislated formula under the Act and its regulations, your province qualifies for an Equalization payment of $666 million for 2025-26.

Under the Working Together to Improve Health Care for Canadians Plan, the federal government guaranteed five per cent growth to the CHT from 2023-24 to 2027-28 to be paid through top ups as required. This year, the top up is worth a total of $713 million.

To access their share of the funding, provinces and territories were asked to take steps to improve the collection and management of health data. I am pleased that the Minister of Health has confirmed that all jurisdictions have met this condition. Prince Edward Island’s share of the 2025-26 CHT top-up is $3 million.

Enclosed for your information is a table presenting the 2025-26 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.

Yours sincerely,

The Honourable Dominic LeBlanc, P.C. K.C., M.P.
Minister of Finance and Intergovernmental Affairs