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6 Financial Benefits That Are Still Available To Ontarians Affected By COVID-19

These resources can help alleviate your financial stress.
6 Financial Benefits That Are Still Available To Ontarians Affected By COVID-19

The pandemic has put many people under financial strain, which is why Trudeau expanded the eligibility of Canada's COVID-19 benefits this month, allowing more Canadians to receive support.

Ontario has also introduced a variety of relief benefits for those impacted by COVID-19, including families with young children and business owners.

Here are the financial supports that you may be eligible for in Canada as well as Ontario.

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Ontario Works

Ontario Works is a program created to help Ontarians cover food and housing costs.

While Ontario Works wasn't introduced in response to the COVID-19 pandemic, residents can still apply for it today.

According to the provincial government, you could be eligible for Ontario Works if you "need help with your living expenses, meaning you do not have enough money to cover your immediate family’s living expenses." You must also be 16 or older and live in Ontario.

Apply here

Ontario Support For Learners Program

This benefit was created to help families alleviate some of the financial stress of the school year during the pandemic.

You can apply for a one-time payment of $200 for each child or youth up to Grade 12 or $250 for each child or youth up to age 21 with special needs.

To apply, parents will have to supply their child’s school and school board and date of birth, as well as your personal information, a valid email address, and your banking information.

Payments are then made via direct deposit two weeks after the application is received.

Apply here

Canada Recovery Benefit

The Canadian Recovery Benefit is available to those who are employed or self-employed, and have been directly affected by COVID-19 but are not eligible for employment insurance.

This benefit is administered by the CRA and eligible applicants would receive "$1,000 ($900 after taxes withheld) for a 2-week period."

You can apply multiple times if your situation lasts longer than two weeks.

Apply here

Canadian Recovery Sickness Benefit

This benefit is specifically meant to support those who cannot work because they are sick with COVID-19 or isolating due to exposure.

This program is also run by the CRA. Tax is withheld on these benefits, so applicants will see $450 deposited into their accounts.

You can apply for up to two weeks of the Canadian Recovery Sickness Benefit.

Canada Recovery Caregiver Benefit

If you are forced to lose income or stay home from work because you are caring for a loved one, you could be eligible for the Canadian Recovery Caregiver Benefit.

The CRCB is provided by the CRA and it offers $500 before tax per household for every one-week period that it's applied for, much like the Canadian Recovery Sickness Benefit.

Apply here

Employment Insurance (EI)

Employment Insurance provides income support to those looking for employment or looking to upgrade their skills.

EI is also available if time off is needed for life events such as illness, pregnancy, or caring for a newborn or family member.

The Canada Employment Insurance Commission (CEIC) administers EI and eligible applicants could receive at least $500 weekly, potentially more.

Learn more

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