Eligible post-secondary students will receive $1,250 a month from May to August. If they are taking care of someone else or have a disability, that amount increases to $1,750 monthly.
College and university students currently in school, planning to start in September, or who graduated in December 2019 are eligible.
Working students earning less than $1,000 per month can also apply.
Other measures announced for students include:
- Raising the maximum weekly amount that can be provided through the Canada student loans program in 2020-2021 to $350 from $210.
- More than $75 million in additional supports for Indigenous post-secondary students.
- Another $291 million for federal granting councils to extend expiring federal graduate research scholarships and post-doctoral fellowships and supplement existing federal research grants.
There is no timing on when this benefit will be available, as it still needs to be legislated.