Are you a recent university or high school graduate? Have you been unable to find work due to the regulations of the COVID-19 pandemic? If so, you may be eligible to receive financial support from the CRA’s Canada Emergency Student Benefit (CESB).

This benefit provides support between the months of May and August of 2020. The funds are as follows:

  • Standard - $1,250 per every 4 weeks
  • Disability or With Dependents - $2,000 per every 4 weeks

Note that individuals who currently qualify for the Canada Emergency Response Benefit (CERB) or Employment Insurance (EI) are not eligible for CESB.

For more information on qualifications and how to apply, click here.

If you would like to set up a consultation to discuss more in depth contact Marlies Y Hendricks, CPA at 416-766-3941.

The above information is of a general nature only and should not be relied upon for specific situations. Click here for additional tax accounting services information.