Prime Minister Justin Trudeau announced a $9 billion plan to help Canadian students.
On Wednesday, the prime minister launched the Canada Emergency Student Benefit. The new benefit will give students $1,250 a month from May to August and $1,750 each month if the student takes care of someone else or has a disability.
“For today, for the summer, for next year, we are going to be there for you,” said Trudeau.
The period covered by the benefit will start on May 1 and will be delivered through the Canada Revenue Agency.
Qualifications include postsecondary students who are going to school in September, or if you graduated in December 2019.
Trudeau also announced the creation of 76,000 jobs for young people in addition to the Canada Summer Jobs program.
As well, students who volunteer this summer in the fight against COVID-19 will be eligible for $1,000-$5,000 through the Canada Student Service Grant.
Student grants given out in the 2020-2021 school year will be doubled, according to Trudeau.
The prime minister also announced $75 million to increase support specifically for First Nations, Metis Nation, and Inuit students.
“This uncertainty that you feel can be overwhelming,” said Trudeau, adding that “we value education, service, and hard work.”
“These measures will help you get through this so we can help you build the future that you want,” said the prime minister.
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On Tuesday, Trudeau said the Canada Emergency Wage Subsidy applications will open on Monday, April 27.
The federal government launched a calculator on the Canada Revenue Agency website to help businesses calculate what they are covered for through the Canada Emergency Wage Subsidy.
The subsidy amount is based on the number and type of eligible employees you have, and the amount and type of pay they received before and during the crisis.
The maximum benefit is $847 per employee each week.