The federal government announced comprehensive support of nearly $9 billion for post-secondary students and recent graduates
This plan will help provide the financial support they need this summer, help them continue their studies in the fall, and help many get the experience they need to start their careers.
These measures include launching:
the proposed Canada Emergency Student Benefit, which would provide support to students and new graduates who are not eligible for the Canada Emergency Response Benefit. This benefit would provide $1,250 per month for eligible students or $1,750 per month for eligible students with dependents or disabilities. The benefit would be available from May to August 2020
the new Canada Student Service Grant, which will help students gain valuable work experience and skills while they help their communities during the COVID‑19 pandemic. For students who choose to do national service and serve their communities, the new Canada Student Service Grant will provide up to $5,000 for their education in the fall.
The Government of Canada will expand existing federal employment, skills development, and youth programming to create up to 116,000 jobs, placements, and other training opportunities to help students find employment.
In addition, to help students continue their studies in the fall, the government 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.
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 postdoctoral 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
The Manitoba government is providing up to $120 million to support Manitoba’s small and medium-sized businesses that are facing significant challenges posed by the COVID-19 pandemic
The Manitoba Gap Protection Program (MGPP) is available to any of the approximately 120,000 businesses in Manitoba who have fallen into a gap in failing to qualify for the various federal government assistance programs and wage subsidies created because of COVID-19
The province will advance each eligible business the non-interest bearing forgivable MGPP loan of $6,000, for a total of up to $120 million.
The loan will be forgiven on Dec. 31, 2020, if the recipient attests at that time the business has not received any major non-repayable COVID-19 federal supports
If the applicant has received benefits under a federal COVID program, then the loan will be added to the recipient’s 2020 tax bill