Self Employ PEI

Amount:

No Fixed Amount

Type of Program:

Subsidy

Description:

Self Employ PEI is an employment program developed to help Prince Edward Island job seekers who want to launch their own business. This program provides financial support and business counseling to new entrepreneurs during their first year of operation.

Comments on Funding:

Each week the applicants receives a weekly living allowance or EI benefits, or a combination of the two. He may also be eligible for a $1,000 consulting grant.

When It Ends:

Ongoing

Deadline:

Rolling Deadline

Eligibility:

The applicant must:

be job seeker who wants to launch his own business,
be legally authorized to work in Canada (Canadian citizen or permanent resident),
have a current claim for Employment Insurance benefits, or
have a previous EI claim whose benefit period ended within the previous 60 months, or
be an unemployed person who paid, in at least 5 of the last 10 years, employee's premiums that did not entitle the person for a refund (i.e.. If the person made less than $2000 in earnings in a year, any EI premiums that they would have paid, would be reimbursed),
not currently be operating his own business.