CHANGES TO THE CANADA STUDENT LOANS PROGRAM 

We made changes to the Canada Student Loans Program to allow more students to qualify for support and be eligible for greater amounts. The changes include: 

  • Doubling the Canada Student Grants for all eligible full-time students to up to $6,000 and up to $3,600 for part-time students in 2020-21.  
  • Broadening eligibility for student financial assistance by removing the expected student’ and spouse’s contributions in 2020-21.  

Raising the maximum weekly amount that can be provided to a student in 2020-21 from $210 to $350 

To apply for student grants and loans, manage your loan at the NSLSC, or to repay your student loan, visit:
https://www.canada.ca/en/services/benefits/education/student-aid.html 

CREATING NEW JOBS AND OPPORTUNITIES FOR YOUTH 

We are creating up to 116,000 jobs, placements, and other training opportunities to help students find employment and develop valuable skills this summer and over the coming months.  

We also made temporary changes to the Canada Summer Jobs program to allow employers to: 

  • Receive an increased wage subsidy, so that private and public sector employers can also receive up to 100% of the provincial or territorial minimum hourly wage for each employee; 
  • Extend the end date for employment to February 28th, 2021; 
  • Adapt their projects and job activities;  
  • Hire staff on a part-time basis  

PROVIDING SUPPORT TO INDIGENOUS POST-SECONDARY STUDENTS  

We are providing $75.2 million to offer additional distinctions-based support to First Nations, Inuit and Metis Nation post-secondary students. 

SUPPORTING YOUNG ENTREPRENEURS  

We are providing $20.1 million in support for Futurpreneur Canada to continue supporting young entrepreneurs across Canada who are facing challenges due to COVID-19. The funding will allow Futurepreneur Canada to provide payment relief for its clients for up to 12 months.

SUPPORTING YOUTH MENTAL HEALTH

Kids Help Phone: The Government of Canada will give $7.5 million in funding to Kids Help Phone (1-800-668-6868) to provide young people with the mental health support they need during this difficult time.