Government Supports that May Apply to Students During COVID-19
New Canada Emergency Student Benefit
Eligible students and recent grads will receive $1250 per month from May to August. If you take care of someone else or have a disability, this amount will be $2000. Payments are scheduled to begin May 1st and payments will be retroactively applied. Eligible applicants are those who are:
- Current students enrolled in a diploma, certificate or degree program; recent high school graduates enrolled in a diploma, certificate or degree program starting in fall 2020; and recent graduates who graduated in December 2019 or later.
- Students and recent grads can make up to $1000 while receiving the CESB.
Starting Friday, May 15, students and recent graduates can apply for the CESB. Applicants must register for a CRA account before applying and this can be done at any time. For more information on the CESB, please visit: Canada Emergency Student Benefit (CESB)
Student Grants and Loans
Payments on Canada Student Loans and Canada Apprentice Loans, the federal government’s portion of student loans, and OSAP, the Ontario portion of student loans, will both be paused until September 30, 2020. This will be automatically applied and loans will not accrue new interest during this period of time. One-time payments can still be made and will only go to the loan’s principal. For more information, visit: National Student Loans Service Centre (NSLSC) - What's New
The Government of Ontario also provided $25 million in one-time funding to post-secondary institutions. Humber received $400,000. Humber provided a matching contribution of $400,000. Combined with IGNITE’s supports, more than $1.1 million has been made available to support students. Humber continues to work with external partners and government to identify the level of need and identify additional sources of funding.
The federal government will double federal student grants so that full-time students will get up $6000 and part-time students will get up to $3600 for the 2020-2021 school year. The Canada Student Grants for Students with Permanent Disabilities and Students with Dependents would also be doubled.
The federal government is also broadening eligibility for student financial assistance by removing the expected student’s and spouse’s contributions in 2020-2021. The government is also enhancing the Canada Student Loans Program by raising the maximum weekly amount that can be provided to a student in 2020-21 from $210 to $350 and increasing existing distinctions-based support for First Nations, Inuit, and Métis Nation students pursuing post-secondary education.
Jobs, Skills Training and Programming
The federal government will expand existing federal employment, skills development, and youth programming to create up to 116,000 jobs, placements, and other training opportunities designed to to help students find employment and develop valuable skills this summer and over the coming months. These jobs will be in sectors that are currently in need as well as frontline work. More details to come. The federal government has redesigned the Canada Summer Jobs Grant to help employers hire summer staff and provide young Canadians access to jobs. This program will help create up to 70,000 jobs for youth between 15 and 30 years of age. Job placements may begin as early as May 11, 20202 and end February 28, 2021.
The temporary changes to the program for this year include:
- an increase to the wage subsidy, so that private and public sector employers can also receive up to 100 per cent of the provincial or territorial minimum hourly wage for each employee;
- an extension to the end date for employment to February 28, 2021;
- allowing employers to adapt their projects and job activities to support essential services;
- allowing employers to hire staff on a part-time basis.
Jobs will be posted as they come through on the job bank site: Government of Canada - Job Bank
New Canada Student Service Grant
The federal government has introduced the Canada Student Service Grant, designed to help students gain valuable work experience and skills while they help their communities during COVID-19. The Canada Student Service Grant will provide up to $5,000, depending on hours, for students' education in the fall. For eligibility and how to apply: https://www.jobbank.gc.ca/volunteer/initiative
Canada Emergency Response Benefit
The Canada Emergency Response Benefit (CERB) – which is temporarily replacing traditional EI benefits – will provide people who have lost their job/income due to COVID-19 with $500 for up to 16 weeks (4 months). Eligible applicants are those who:
- Are residing in Canada and least 15 years old;
- Have stopped working involuntarily because of COVID-19 – this can include people who have had to quit to become caregivers;
- Are currently working and earning less than $1,000 per month;
- Have recently exhausted their EI regular benefits and are unable to find a job or return to work because of COVID-19;
- Had income of at least $5,000 in 2019 or in the 12 months prior to the date of their application;
- Are or expect to be without employment or self-employment income for at least 14 consecutive days in the initial four-week period. For subsequent benefit periods, they expect to have no employment or self-employment income.
Applications are now open. For more information or to apply, visit: Canada Emergency Response Benefit
Tax Changes, Benefits & One-Time Available Payments
The federal government has doubled the GST/HST credit for low- or moderate-income households already receiving the credit for April and May. The additional credit will be automatically applied and will provide a single person with $886. People who are married or common-law and/or have children will also see doubled amounts. For more information, please visit: COVID-19 - Frequently asked questions: Increase to the GST/HST credit amount
The federal government is boosting the Canada Child Benefit by $300 per child starting in May for the 2019-2020 benefit year. For more information, please visit: The Canada Child Benefit
The tax return filing due date has been deferred until June 1, 2020. The CRA will also allow taxpayers to defer the payment deadline for anyone owing taxes until September 1, 2020. For more information, please visit: Canada Revenue Agency
Ontario has launched a new one-time payment to help families purchase educational materials during the current school and child care closures that are in effect due to COVID-19. One-time support payments include:
- $200 for children aged 0 to 12
- $250 for children or youth aged 0 to 21 with special needs
- For more information or to apply, visit: Education contract talks: stay updated
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