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Updates for Students & Seniors


CANADA EMERGENCY STUDENT BENEFIT (CESB)

May 13, 2020

Support students and recent graduates who are not eligible for the Canada Emergency Response Benefit (CERB) or Employment Insurance (EI) or unable to work due to COVID-19

$1,250 for “eligible students” or $2,000 for “eligible students” with dependents under the age of 13 or disabilities for a 4 week period

The benefit is available from May through August

Eligible Students include:

A student enrolled in a post-secondary education program leading to a degree, diploma or certificate

Students who ended their studies or graduated since December 2019

High school graduates who have applied for and will be joining post- secondary programs in the coming months prior to February 1, 2021

Canadian Students studying abroad qualify if they meet one of the above criteria

The first period runs from May 10 to June 6

The applicant must be either unable to work due to COVID-19 or looking for work but unable to find work due to COVID-19 or

Currently working but self-employed or employment income is less than

$1,000 for the period

The applicant needs to apply for each subsequent period

The applicant must attest to the above rules in the application

High school students are not able to apply until high school is completed, depending upon this date they may not be eligible for period 1 and possibly period 2

The application window opens on May 15 at 6 AM EST

There are some steps to take to prepare for the application see the link below to guide you through the process especially if you have never filed a personal tax return:

https://www.canada.ca/en/revenue-agency/services/benefits/emergency-

student-benefit.html

Applicants will apply through the CRA My Account or by phone

After applying the applicant needs to demonstrate that they are trying to find employment; it is suggested that they register with the Government of Canada Job Bank; you need to demonstrate this to support your claim when reviewed at a future date

The applicant must return the CESB

If they earn more than $1,000 in the period 

If they determine that they should not have applied, or 

If they receive more than they are entitled to receive

The CESB will be included on the applicant’s 2020 tax return though a T4A reporting slip


SENIORS

May 13, 2020

It is suggested that seniors file their returns as soon as possible

GIS and Allowance payments will be temporarily extended if the seniors’ 2019 income information has not been assessed until October 1, 2020

The one-time payment is to help cover the increased costs caused by COVID-19

Those eligible for the Old Age Security (OAS) pension will receive a one-time tax-free payment of $300 with an additional $200 going to seniors eligible for the Guaranteed Income Supplement (GIS)



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