CoVid - Applying for the NEW emergency fund for laid off people & others.

[Ciel]

PM announced the Canada Emergency Student Benefit today on Earth Day:
https://www.theglobeandmail.com/poli...jobs/#comments

The federal government announced a new benefit of $1,250 a month for students and recent graduates that will run from May to August to address the shortage of summer jobs due to COVID-19.Prime Minister Justin Trudeau announced the new Canada Emergency Student Benefit Wednesday during his daily news conference.
The measure will require Parliament to be recalled in order to pass enabling legislation.

[Ciel]

Those who get the Canada Child Benefit can see an additional May sum of up to $300 per eligible child in their care.
https://twitter.com/CanRevAgency/sta...57879126110209

https://www.canada.ca/en/revenue-age...-increase.html

[Giseledta]

just checked , mine is showing reg amount

[tjthemanto]

They have already paid out $ 22 Billion so far! And the first 2 periods - 8 weeks are barely over. People still applying for the first 2 periods - 8 weeks retroactively.

And they had budgeted $24 Billion for the entire 4 periods - 16 weeks for CERB payments.

Looks like in just half that period, entire government budgeted amount for CERB will be used up.

Trudeau will have to release more money now.

[tjthemanto]

just checked , mine is showing reg amount

Yes it's not still showing in CRA but it will show up in My Account by May.

The special April 9 - HST payment only started showing up under My Account about 10 days before that.

I am guessing this should be the same - about 10-15 days before the due date it will start showing up in Benefits and Credits on CRA- My Account.

[tjthemanto]

Those who get the Canada Child Benefit can see an additional May sum of up to $300 per eligible child in their care.
https://twitter.com/CanRevAgency/sta...57879126110209

https://www.canada.ca/en/revenue-age...-increase.html

😎

[tjthemanto]

Don't spend it all: CERB recipients will owe income tax on it next year

https://www.ctvnews.ca/mobile/health...year-1.4908256

[tjthemanto]

Third CERB payment period starting in a couple of days. Apply if you are still eligible and qualify. I am guessing most are - as very few people have returned back to work or have wage subsidies from their employers.

May 10, 2020 to June 6, 2020

[Giseledta]

hey.. anyone have any information about creb for students... how to apply ect... needs...

my student is struggling with what the paramiters are.... as thier job that was lined up... has now evaporated.. ad they have had to move home.. so .. stuggliing

[lizzie bargain]

I think if he/she has a Revenue Canada account that they can apply through there?

[Giseledta]

I think if he/she has a Revenue Canada account that they can apply through there?

i believe, and i could be wrong.. they have t o prove somehow.. that they are looking for a job... in order to access the funds

[lizzie bargain]

I think they should just go into their account and apply-they can also earn up to 1,000 per month without losing any of the benefit.

[flemeth]

hey.. anyone have any information about creb for students... how to apply ect... needs...

my student is struggling with what the paramiters are.... as thier job that was lined up... has now evaporated.. ad they have had to move home.. so .. stuggliing

I would also like to have some help on this TIA

[tjthemanto]

hey.. anyone have any information about creb for students... how to apply ect... needs...

my student is struggling with what the paramiters are.... as thier job that was lined up... has now evaporated.. ad they have had to move home.. so .. stuggliing

Quote

They will have to apply through CRA - My Account for CESB. A phone application will also be there if they don't have a CRA - My Account. Press 1 , Press 2 - Toll Free number, enter your SIN, DOB type of simple 1-2 minutes phone application.

But I don't think the application is open yet. But by next week it should open. Even if it delays a bit, all the payments should be retroactive to May 1, so the students won't really lose much.

Very good information on CESB here :

https://www.savvynewcanadians.com/ho...-benefit-cesb/

[tjthemanto]

i believe, and i could be wrong.. they have t o prove somehow.. that they are looking for a job... in order to access the funds

Not really. No one is hiring right now, especially for students. Besides high risk grocery store jobs, warehouse Amazon type jobs, not much is available for students.

But if they want extra income they can work there and collect both a salary and CESB. I think they can earn up to $ 1,000/month without affecting their CESB.

Honestly if they can volunteer a bit without risking their health that would help the community and definitely strengthen their case for CESB. Not required, but will make their case very strong if some inquiries are made in future about their eligibility for CESB or CERB.

Could be as less as 4 hrs/week. Lot of volunteering opportunities available. I know some kid who delivers groceries for seniors.