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Canada Emergency Student Benefit


Canada Emergency Student Benefit (CESB) – Response for Post-Secondary Students

The application process for the Canada Emergency Student Benefit (CESB) officially opened on Friday May 15th. The information contained in this post is current as of May 19 at 12:00 p.m. and includes our interpretations of publicly-available information that is subject to change during this rapidly-evolving pandemic.  As more information becomes available from the Department of Finance and/or the Canada Revenue Agency, we will continue to provide you updates.  Please ensure you are relying on the most current information possible for any government assistance plans relating to the COVID-19 pandemic.  Not all government legislation relating to these programs has been finalized and enacted, so some important details may be lacking but we continue to monitor these matters and can assist you with applying the information available to your circumstances. Contact your Ford Keast advisor if you are unsure about any items contained in these updates or if you wish to discuss how these items relate to your specific situation.

Benefit:

Who Qualifies:

Additional Student Initiatives

Canada Student Service Grant
The Government of Canada is launching a new national service initiative to recognize students’ significant contributions to the COVID-19 efforts, providing support through a new Canada Student Service Grant which will provide up to $5,000 to support students’ post-secondary education costs in the fall.  More details will be made available on the “I Want to Help” platform in the coming weeks.

Canada Student Loans Assistance
The government proposes to change the Canada Student Loan program’s eligibility requirements in 2020-2021 to allow more students to qualify for supports and be eligible for greater amounts, including doubling the non-repayable Canada Student Grants for full and part time students, as well as for students with disabilities and students with dependents in the upcoming academic year.

International Students
The Government is removing the restriction that allows international students to work only a maximum of 20 hours per week while classes are in session; provided that they are working in an essential service or function such as health care, critical infrastructure or the supply of food or other critical goods.

Canada Revenue Agency Sources:
Canada Revenue Agency Student Benefit
CESB Information