COVID-19: Economic Relief Measures Announced to Date

  • Expanding Student Financial Assistance for Fall 2020: The government proposed to change the Canada Student Loan Program’s eligibility requirements in 2020-21 to allow more students to qualify for supports and be eligible for greater amounts.
  • Proposed Canada Emergency Student Benefit: For post-secondary students and recent graduates who are ineligible for the CERB or for EI, the government will launch the Canada Emergency Student Benefit (CESB) on May 15, 2020. The CESB will provide $1,250 per month to eligible students from May through August 2020. The amount of $1,750 will be provided to students with dependents and permanent disabilities. The CESB is administered by the CRA. For more information on the eligibility criteria, see here[131].
  • Canada Student Service Grants: The government will launch the new Canada Student Service Grant which will provide up to $5,000 to support student’s post-secondary education costs in the fall. The existing Canada Student Grants will be doubled for all eligible full-time students to up to $6,000 and for part-time students up to $3,600. More details will be posted on a new “I Want to Help” platform.
  • Support for specific groups: The Government of Canada will providing educational support funding for specific groups, including:
    • providing $291.6 million to support up to 40,000 student researchers and post-doctoral fellows through the federal granting councils. Funding would support a one-semester extension for eligible students whose research scholarships or fellowships end between March and August 2020 and who intend to continue their students. It also would provide a 3-month extension in funding for holders of federal research grants to support eligible trainees and staff;
    • providing an additional $75.2 million in 2020-21 to increase existing distinctions-based support for First Nations, Inuit, and Métis Nation students pursuing post-secondary education;
    • removing the restriction that allows international students to work only a maximum of 20 hours per week while classes are in session, provided that the student is working in an essential service or function;
    • additional support for the Youth Employment and Skills Strategy, Support for Student Learning Program, and the Canada Service Corps.
  • For more information, please see the Government of Canada’s press release of April 23, 2020. [132]

A new wage boost for essential workers

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