Wage Subsidy & Student Benefit Update

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CANADA EMERGENCY WAGE SUBSIDY (CEWS)

May 9, 2020

The Prime Minister announced on May 8, 2020, at his press conference that the CEWSwould be extended beyond the original June 6 deadline as a result of the release of the April jobs report.

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CANADA EMERGENCY STUDENT BENEFIT (CESB)

May 9, 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 a month for “eligible students” or $2,000 a month for “eligible students” with dependents or disabilities

• 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

• Canadian students studying abroad meeting one of the above criteria

• More details to come in May 2020