May 13th, 2020 update:
Prime Minister Trudeau announced this morning that the government will start taking applications for the Canada Emergency Student Benefit and the Canada Student Service Grant on Friday, May 15th.
Applications can be made thru the CRA My Account portal.
Taxpayers who aren’t currently set-up on CRA My Account should consider opening an account before Friday.
On April 22, 2020, Prime Minister Trudeau announced a $9 billion support package for post-secondary students and recent graduates.
The support package includes:
- the Canada Emergency Student Benefit
- Available to students and new graduates who are not eligible for the Canada Emergency Response Benefit.
- A benefit of $1,250 per month for eligible students.
- A benefit of $1,750 per month for eligible students with dependents or disabilities.
- Available from May to August 2020.
- the Canada Student Service Grant
- Will provide up to $5,000 to students to fund their education.
- Available to students who choose to do national service and serve their communities.
In addition, the Government of Canada will:
- double the Canada Student Grants for all eligible full-time students to up to $6,000 and up to $3,600 for part-time students in 2020-21. The Canada Student Grants for Students with Permanent Disabilities and Students with Dependents would also be doubled.
- broaden eligibility for student financial assistance by removing the expected student’s and spouse’s contributions in 2020-21, in recognition that many students and families will struggle to save for school this year.
- enhance 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.
- increase existing distinctions-based support for First Nations, Inuit, and Métis Nation students pursuing post-secondary education by providing an additional $75.2 million in 2020-21.
- extend expiring federal graduate research scholarships and postdoctoral fellowships, and supplement existing federal research grants, to support students and post-doctoral fellows, by providing $291.6 million to the federal granting councils. In addition, the government intends to enhance work opportunities for graduate students and post-doctoral fellows through the National Research Council of Canada.
We will provide additional details on these programs as those details become available. Please contact your DMCL advisor is you have any questions about the COVID-19 support measures.