Monday, 23 March 2020

COVID-19 RRU Emergency Funding

Photo by Andrea Piacquadio from Pexels

Provincial and federal governments, banks and utilities, and Royal Roads University are proactively addressing economic uncertainties related to COVID-19. Here is some information on how to receive economic support or relief

The sooner you have a personal plan in place, the more comfortable you’ll be in the long run.

This is not an exhaustive list, and will be updated periodically as new information is revealed. A Carleton University professor has also put together a guide to these benefits. Learn more.

Please, if you are qualified, take the initiative to apply for the below relief programs. After you have exhausted these resources, consider applying for Emergency Funding through Royal Roads, and participate in the In-Course Award program where the majority of RRU funding is allocated to students via competition (apply through MyAdmin>MyAwards).
Canada Emergency Response Benefit (CERB). Covers Canadians who have lost their job, are sick, quarantined, or taking care of someone who is sick with COVID-19, as well as working parents who must stay home without pay to care for children because of school or daycare closures.The CERB will be paid out in a $2,000 lump sum every four weeks, for up to 16 weeks. 

The benefit will be available to workers:

  • Residing in Canada (i.e. open to international students), who are at least 15 years old;
  • Who have stopped working because of COVID-19 and have not voluntarily quit their job or are eligible for EI regular or sickness benefits;
  • Who had income of at least $5,000 in 2019 or in the 12 months prior to the date of their application; and
  • Who are or expect to be without employment or self-employment income for at least 14 consecutive days in the initial four-week period. For subsequent benefit periods, they expect to have no employment or self-employment income.
A benefit of $1,250 has been extended to students from May to August if they made at least $5,000 in the last year, but only if they had been working and lost their source of income when COVID-19 struck.
Login here to access the application

Canada Student Service Grant 
Post-secondary students under 30 years old can apply for a grant up to $5,000 for volunteer service in the community between the dates of June 25 - October 31, 2020.

Interested volunteers have to register by August 21 at the latest, and can do so online.
Canada Emergency Student Benefit (CESB)

  • Eligible high school graduates, post-secondary students, including those set to begin their studies and recent post-secondary graduates can apply for a benefit of $1,250/month over the summer period (May to August). Graduates must have completed their studies from December 2019 onward in order to be eligible for the benefit.
  • Canadian citizens and permanent residents will be able to apply for the CESB.
  • Students and recent graduates with dependents or with disabilities will be eligible for an additional $500/month.
  • Students can earn up to $1,000/month over the summer through work and still be eligible for the CESB.
  • Part-time students will be eligible for the CESB, although their eligibility may depend on other factors (e.g. a part-time student in work may already be eligible for the Canada Emergency Response Benefit).
  • Students will have to complete an attestation indicating that they had planned to work on a full-time or part-time basis and that this work is no longer available.
  • CSEB recipients will need to reapply every four weeks.
Support for graduate students
  • $291.6 million has been allocated to the federal granting councils to extend expiring federal graduate research scholarships and post-doctoral fellowships, and supplement existing federal research grants.
Changes to the Canada Student Loans Program (CSLP)
  • Students will be able to access additional loans and grants through the program. Low income grants will be doubled to $6,000 per academic year, weekly maximum student loan levels will increase from $210 to $350, and student and spousal contribution limits will be removed to reflect the loss of personal and family income during the pandemic.
  • For Quebec, the Northwest Territories and Nunavut, the federal government will provide funds to provincial and territorial governments to expand their own student financial assistance programs.

Canada Summer Jobs. Additional funding has been allocated to this program for 100% wage subsidy to encourage hiring of students this summer.  Youth (aged 15-30) will be able to search for jobs available in their communities through the Job Bank website and app.

Double the Goods and Service Tax Credit. In May eligible people will receive double the GST credit, between $400-$600. Learn more.

$300 more to income and disability assistance for BC residents starting April 22, ending June.

Student loan repayment paused for 6-months.   
No payments on Federal student loans for 6-months. The National Student Loan Service Centre said the pause on payments and interest accumulation is automatic for all borrowers in repayment and takes effect Mar. 30. It will last until Sept. 30. Learn more

BC, Alberta, Ontario, Manitoba, NWT and Yukon governments have extended this repayment pause to their provincial loan programs.

The federal government is doubling student grants for eligible students — up to $6,000 for full-time students and up to $3,600 for part-time students and raising the maximum weekly amount that can be provided through the Canada student loans program in 2020-2021 to $350 from $210.

Emergency Isolation Support.
Albertans can immediately apply for $1,146 paid directly to their bank accounts. Learn more.

BC Emergency Benefit for Workers provides a one-time $1,000 payment for people who lost income. Learn more.

For renters, the B.C. government has imposed a moratorium on residential evictions and will provide renters with up to $500 per month for the next four months to meet rent payments. Anyone who's lost income due to COVID-19 can now apply online to receive the monthly supplement.

$300 Increase in Child Care Benefits. Starting in May, Child Care Benefits will increase by an additional $300 per child. 

Bank deferral of loans and lines-of-credit. Please contact your bank directly.
Banks in Canada are working with customers to provide flexible solutions, on a case-by-case basis, for managing through hardships caused by recent developments. This may include situations such as pay disruption, childcare disruption, or illness. This support will include up to a 6-month payment deferral for mortgages, and the opportunity for relief on other credit products. These targeted measures respond to immediate challenges being faced across the country and will help stabilize the Canadian economy (from
Tax filing deadline extended to June 1 and tax payment deadline extended to August 1. 

90-day deferral of Utilities.  Request a deferral of utility payments for 90-days from your provider.
Other resources or suggestions in the comment section are welcome!

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