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Royal assent. March 25, 2020. Status: Current legislation. The Government of Canada introduced multiple temporary social security and financial aid programs in response to the economic impacts of the COVID-19 pandemic in Canada. The initial CA$ 82-billion aid package was announced on March 18, 2020 by Justin Trudeau.
The Canada Education Savings Grant (French: Subvention canadienne pour l’épargne-études, CESG) is part of a Government of Canada program, administered through Employment and Social Development Canada, to assist with savings for Canadian children's higher education. Under the CESG program, the government will contribute an amount to a ...
Canada Student Loans of up to $210 per week of full-time study or 60% of the student's assessed need (the lesser of these) can be issued per loan year (August 1–July 31). Loans issued through provincial programs will normally provide students with enough funding to cover the balance of their assessed need.
Canada Job Grant. The Canada Job Grant is a skill and trade training program established by the Government of Canada subsequent to the passage of the 2013 federal budget. It will be funded by the Canada Job Fund, a fund transfer from the federal government to provincial and territorial governments, which will be responsible for implementing the ...
Ontario Student Assistance Program. The Ontario Student Assistance Program (OSAP) (French: Régime d'aide financière aux étudiantes et étudiants de l'Ontario (RAFEO)) is a provincial financial aid program that offers grants and loans to help Ontario students pay for their post-secondary education. OSAP determines the amount of money that a ...
A registered education savings plan (French: Régimes enregistrés d’épargne-études, RESP) in Canada is an investment vehicle available to caregivers to save for their children's post-secondary education. [1] The principal advantages of RESPs are the access they provide to the Canada Education Savings Grant (CESG) and as a method of ...