Federal Initiatives for Students
In response to the rapidly evolving COVID-19 pandemic, the Federal government had rolled out numerous programs aimed at elevating the pressures felt by many Canadians. Below is a high-level list of some of the programs targeted at students. Please note that this list may not be exhaustive and that you should click on the provided links to ensure you are getting the most updated and recent information. As always, feel free to reach out to the Federal Ambassador with any questions.
- Government will waive one week waiting period for people who are in quarantine or are self isolating for EI.
- The income tax deadline was extended until June 01, 2020, but late-filing penalties and interest will not be charged if filed or paid prior to September 1, 2020.
- We are allowing all businesses to defer, until after August 31, 2020, the payment of any income tax amounts that become owing on or after March 18 and before September 2020
- $2,000 a month for up to four months to eligible workers who have lost income due to COVID-19
- The CESB has been created to support students and new graduates who are not eligible for the Canada Emergency Response Benefit (CERB), Employment Insurance, or unable to work because of COVID-19.
- Up to $1,250 per month or $2,000 per month for students with a dependent or disabilities. Apply through the CRA portal.
Canada Student Loans & Grants
- All student loan borrowers will automatically have their loan repayments and interest suspended until September 30, 2020.
- Canada Student Grants have doubled for all eligible full-time students to up to $6,000 and up to $3,600 for part-time students in 2020-21.
- To accelerate the transfer and application of applied research and of expertise for local community organizations and partners from the public, private, and not-for-profit sectors on COVID-19 related topics. All projects are intended to address topics of immediate relevance to the COVID-19 outbreak. Projects with a longer-term assessment horizon are not eligible for this special call.
- ICTC’s WIL Digital is an innovative Work Integrated Learning (WIL) program that helps employers grow their businesses. A wage subsidy of up $7,000 is available for employers that hire post-secondary students and provide them with valuable hands-on experience in IT and digital roles. WIL Digital is funded by the Government of Canada through the Student Work Placement Program (SWPP).
Key changes to WIL Digital for the upcoming spring-summer term will include:
- Flexibility with start and end dates as well as the duration of the placement(s)
- Remote work option for students now available
- 75% of the wage subsidy will be issued upfront upon contract signing and balance will be paid to employers upon completion of the placement
- Pre-approval process allows employers to apply before identifying a student
- For any questions please email WIL_Digital@ictc-ctic.ca
- Work-Sharing (WS) is a program that helps employers and employees avoid layoffs when there is a temporary decrease in business activity beyond the control of the employer. The program provides Employment Insurance (EI) benefits to eligible employees who agree to reduce their normal working hours and share the available work while their employer recovers. Work-Sharing is an agreement between employers, employees and the Government of Canada.
- The subsidy covers 75% of an employee's wages – up to $847 per week - for employers of all sizes and across all sectors who have suffered a drop in gross revenues of at least 15 per cent in March, and 30 per cent in April and May.
- The program will be in place for up to 24 weeks, from March 15 to August 29, 2020.
- Employers eligible for the CEWS are entitled to receive a 100% refund for certain employer contributions to Employment Insurance, the Canada Pension Plan, the Quebec Pension Plan, and the Quebec Parental Insurance Plan paid in respect of employees who are on leave with pay.
- Three-month measure that will allow eligible employers to reduce the amount of payroll deduction required to be remitted to the CRA.
- Eligibility includes: Individuals (excluding trusts), Partnerships, non-profit organizations, registered charity, Canadian controlled private crop, have an existing business number and payroll program account with the CRA on March 18th 2020, pay salary/wages/bonuses/ other remuneration to an eligible employee.
- The subsidy is equal to 10% of the remuneration you pay from March 18, 2020 to June 19, 2020, up to $1,375 for each eligible employee to a maximum of $25,000 total per employer