About: Finance

This section provides financial, human resource and administrative services to the department and the Treasury Board Secretariat.

The Office of the Comptroller’s primary responsibility is to operate and maintain the province’s corporate accounting system, and to produce the Public Accounts of the province. It administers the corporate procurement service for departments and crown agencies, embracing the principle of competitive procurement. It manages the collection of revenues and all expenditure payments with the exception of the bi-weekly payroll. It provides support and advice in matters relating to financial management. Its primary mission is to streamline accounting processes and present financial statements that are as transparent as possible to the Legislature and the public.

The Taxation and Property Records Division ensures fairness and equity in the application and collection of provincial tax and fee revenues, and equity and uniformity in the production of provincial, municipal and fire district real property assessment rolls. 

The division is also mandated to develop, implement, and maintain land related information systems and programs in areas including the Office of the Registrar of Deeds, civic addressing, provincial property lines, corporate geomatics, and official provincial place names (toponymy). 

The mandate of the division requires that services be coordinated and integrated both with federal, provincial and municipal governments and the private sector. 

The section is responsible for fiscal, tax, statistical, and economic policy advice and provides liaison with the federal government and the provinces on federal/provincial fiscal arrangements. The most prominent aspects of federal/provincial fiscal arrangements are Equalization, Canada Health and Social Transfer, Income Tax Collection Agreements, Reciprocal Taxation Agreement and Fiscal Stabilization. The section maintains the function of statistical focal point for PEI, actively participating with Statistics Canada on statistical matters and responding to inquiries for statistical information.

The Debt and Investment Management Section is responsible for the day-to-day banking of the province, managing sinking fund assets, and monitoring/assessing the performance of the Pension Fund managers. It is also responsible for financial research, investment strategies for the sinking fund, development of debt management strategies, co-ordinating the issuance of public debt, arranging project financing, asset/liability management of crown corporations, debt, and strategies for cash management.

This division provides a centralized administrative location for the government's employee benefit programs. Programs and services include financial management and policy development of pension and group insurance programs and administration of pension programs to active and retired government employees, judges and Members of the Legislative Assembly.