This new benefit would apply to students who are ineligible for Canada's existing CERB
Finance proposed a new benefit for Canadian students and new graduates on April 22, 2020. The Canada Emergency Student Benefit (CESB) would provide a benefit of $1,250 a month for up to four months between May and August 2020. Eligible students who have dependents and those with permanent disabilities would receive $500 in additional benefits for a total of $1,750 per month.
Many students who are currently enrolled in a post-secondary program are unable to qualify for the existing Canada Emergency Response Benefit (CERB); the CESB is a targeted new benefit that would apply to students who are ineligible for the CERB or EI and who are unable to work due to COVID-19.
According to Finance, this benefit will be delivered by the CRA. No legislation has been introduced to implement the CESB yet, and Finance says more details are to come.
For more information, contact your KPMG adviser.
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