Financial Resources

June 30, 200

Find financial help during COVID-19 




Canada Emergency Response Benefit (CERB): $500 per week for up to 24 weeks for certain people who have stopped working 


Canada Emergency Student Benefit (CESB):  assists students or recent graduates with a $1,250 monthly grant, or $1,750 for those with disabilities or those with dependents (maximum period is May to August 2020)  


Canada Student Service Grant : one-time payment of between $1,000 and $5,000 for students who engage in approved volunteer activities (maximum period is June 25 to October 31, 2020) 


Indigenous Community Support Fund: includes support for Elders and other community members, measures to address food insecurity, educational support for children, mental health assistance, and help preventing spread of COVID-19 


Canada child benefit (CCB): extra $300 per child, one time only, for the 2019-20 year (July 2019 to June 2020)   


Goods and Services Tax Credit: one-time special payment (average amount of close to $400 for individuals and $600 for couples) for low- and modest-income individuals and families 


Old Age Security (OAS)/Guaranteed Income Supplement: (GIS)/Allowance/Allowance for the Survivor: One-time payment of $300 for seniors eligible for OAS, with an additional $200 provided for seniors eligible for GIS and $500 for those receiving the Allowance or Allowance for the Survivor   


Disability Tax Credit (DTC): individuals in receipt of DTC will receive a one-time, tax-free payment of $600, while those in receipt of DTC who are eligible for OAS will receive an extra $300, and those in receipt of DTC, OAS and GIS will receive an extra $100 


Registered Retirement Income Fund: required minimum withdrawal reduced by 25 per cent for 2020 

Student Loan Repayment and Interest Suspension: repayments and interest suspended until September 30, 2020 


Canada Student Loan Programs: more students to qualify for support and be eligible for greater amounts 

Canada Student Loans – COVID-19:  increase of up to $6,000 for full-time students, increase to $3,600 for part time students and doubling of grants for Canada Student Grant for Students with Permanent Disabilities  and Students with Dependants   

Financial Resources

April 16, 2020

Canadian Anti-Fraud Centre-Covid-19

Credit Counselling Canada

Canada’s COVID-19 Economic Response Plan

Financial & Employment Support

Grants, Incentives & Rebates

Labour Council Toronto & York Region

The COVID-19 outbreak and your investments

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