Canadian Covid-19 Government Updates - April 22, 2020
|Federal Government Update|
The federal government made the following announcements:
Canada Emergency Wage Subsidy
- Online Calculator: a calculator will be launched on the CRA website so businesses can determine the amount they can expect to claim through the CEWS. The CEWS calculator can be found on CRA's Canada Emergency Wage Subsidy Web page.
- Applications: open April 27. 90% of the applications will be processed by May 4th with direct deposits and cheques to follow shortly after that.
Canada Emergency Student Benefit
Prime Minister Justin Trudeau has announced $9 billion in financial aid for post-secondary students.
Prime Minister Trudeau said the benefit will require additional legislation and talks are now underway about how quickly a bill to implement this new program can be brought forward.
- Amount: $1,250 per month from May to August. If you take care of someone else or have a disability that amount could go up to $1,750 per month.
- Eligibility: If you're a post-secondary student right now, if you're going to college in September or if you graduated in December 2019, it's there for you. Even if you have a job, but you're only making up to $1,000 a month.
- When: the benefit will start on May 1st, and your payments will be delivered.through the CRA portal.
Additional measures for students:
- Creating an additional 76,000 jobs for young people in sectors that need an extra hand right now, or that are on the frontlines of this pandemic;
- Investing more than $291 million to extend scholarships, fellowships, and grants for three or four months;
- Launching a new Canada Student Service Grant of between $1,000 and $5,000 for students volunteering in the COVID-19 fight;
- Providing more than $75 million to specifically increase support for First Nations, Inuit, and Metis Nation students; and
- Doubling the student grants that the government gives out for the 2020-21 school year.