Gift card legislation prohibiting expiry dates and restricting fees on most gift cards comes into effect today in Prince Edward Island.
The Gift Cards Act applies to any gift card issued on or after Sept. 1.
It prohibits expiry dates and administrative fees on most gift cards and requires clear disclosure of all fees and other terms and conditions.
The new legislation applies to gift cards, gift certificates or any other voucher sold with a monetary value attached.
Some gift cards are exempt.
Charitable gift cards and marketing and promotional cards may have both an expiry date and an administration fee.

