Child Care Costs in Prince Edward Island in 2026

1. Canada Child Benefit: up to $8,157 a year for each child under 6 and up to $6,883 for ages 6 to 17 (July 2026 to June 2027), based on family income.

   Canada Child Benefit 2026-2027Canada Child Benefit Calculator

2. Child Disability Benefit: up to $3,480 a year for each eligible child. It needs the Disability Tax Credit.

   Disability Tax Credit Calculator

3. Child care expenses deduction: you can usually deduct what you pay for child care so you can work or study. Claim it on line 21400 with form T778. The limits depend on the child's age and disability, and the lower-income spouse usually claims it. Keep every receipt. Check the current limits:

   CRA child care expenses

4. Canada Education Savings Grant (RESP): the government adds 20% on the first $2,500 you put in each year, so up to $500 a year, to $7,200 for each child over a lifetime. Lower-income families can get up to $600 a year.

   RESP Growth CalculatorCanada Education Savings Grant

5. Canada Learning Bond: $500 in the first eligible year and $100 a year after that up to age 15, to a $2,000 maximum, with no contribution needed. For children born on or after January 1, 2004 in lower-income families.

   Government education savings information

6. Canadian Dental Care Plan: families under an income limit may qualify for dental coverage for children. Check eligibility:

   Canadian Dental Care Plan

These programs have their own income tests. Check each official page before you rely on a figure.