Children's Aid Foundation of Canada
COVID-19 Youth Support Fund
Grants of up to $1000 for ANY person who aged out of the child welfare system across Canada ages 18-29 who's been financially impacted by this pandemic. Funds are intended to cover short-term needs while youth explore government or other supports, and can be used to cover expenses such as: housing costs like rent, food, household supplies, mental health counseling, technology support, and other emergency needs.
Canada Emergency Student Benefit (CESB)
Post-secondary (college and university) students who are currently in school, are planning to start school in September 2020, or who graduated from school in December 2019 are eligible for the CESB if they have lost work or cannot find work due to the pandemic.
Working students that are earning less than $1,000 per month are also able to apply for the benefit if their hours have been cut due to COVID-19.
Available from May to August 2020.
Canada Emergency Response Benefit (CERB)
A taxable benefit for individuals of $2,000 every 4 weeks for up to 16 weeks to eligible workers who have lost their income due to COVID-19.
Live in Canada and are at least 15 years old
Stopped working because of COVID-19 or are eligible for EI regular or sickness benefits
Have not voluntarily quit their job
Had income of at least $5,000 in 2019 or in the 12 months prior to the date of their application
Allow people to earn up to $1,000 per month while collecting the CERB.
Extend the CERB to seasonal workers who have exhausted their EI regular benefits and are unable to undertake their regular seasonal work because of COVID-19.
Extend the CERB to workers who have recently exhausted their EI regular benefits and are unable to find a job because of COVID-19
Canada Student Service Grant (CSSG)
Students who choose to do national service and serve their communities, the new CSSG will provide up to $5,000 for their education in the fall.
More details will be made available on the “I Want to Help” platform soon.
Suspending repayment and interest on student and apprentice loans
All student loan borrowers will automatically have their loan repayments and interest suspended until September 30, 2020.
Students do not need to apply for the repayment pause.
This moratorium applies to the federal portion of student loans. Borrowers should check with their provincial or territorial student loan provider to see if payment is required on the provincial or territorial portion.
Sole national, non-proﬁt organization which provides financing, mentoring and support tools to aspiring business owners aged 18-39. This mentoring program hand matches young entrepreneurs with a business expert from a network of more than 3,000 volunteer mentors.
$20.1 million in support for Futurpreneur Canada to continue supporting young entrepreneurs across Canada who are facing challenges due to COVID-19. Funding will allow Futurpreneur Canada to provide payment relief for its clients for up to 12 months.