Mr. Chair, I would first like to thank the member for Kingston and the Islands for his strong advocacy in favour of young Canadians in his riding and across Canada.
Mr. Chair, our government is committed to ensuring that young Canadians have the support that they need during this very difficult time. That's why we are investing $9 billion to support students and recent graduates affected by COVID-19. The measures include doubling the Canada student grants, raising the cap on student loans, creating new employment opportunities for students and launching the Canada emergency student benefit. I'm pleased to share with the House that the application period for the Canada emergency student benefit will commence on May 15. That is this Friday. This benefit will provide $1,250 a month to eligible students or $2,000 for students who have disabilities or dependants.
Mr. Chair, when Canada emerges from this pandemic, we want to make sure that students are in a financial position to continue their studies so that they can pursue fruitful careers and help build a strong Canada.