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By MoneySense Staff on October 5, 2015
Estimated reading time: 1 minute

Liberal platform includes student debt relief

By MoneySense Staff on October 5, 2015
Estimated reading time: 1 minute

88-page plan also includes CRA reform

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Liberal leader Justin Trudeau released his 88-page package of campaign promises today, which includes new measures aimed at helping post-secondary students pay for their education. If elected, a Liberal government would increase the Canada Student Grant for low-income students by 50% to $3,000 a year for full-time students and $1,800 for part-time students. As well, graduates would be required to start paying their debts only after they’re earning at least $25,000 a year. “Finding the money to pay for school is only half the battle. Repaying student loans after you leave is often just as challenging,” said Trudeau. Indigenous students will benefit from an extra $50 million a year as part of the Liberals’ plan to boost the Post-Secondary Student Support Program. On Friday, NDP leader Tom Mulcair announced his own proposed student debt reforms including a plan to phase out interest on student loans. Apart from student measures, the Liberals laid out other household finance announcements. They plan to introduce a host of reforms to the Canada Revenue Agency, such as contacting people who have tax benefits but aren’t collecting them and helping Canadians file taxes electronically, among other measures. Catch VICE Canada’s live stream of their interview with Justin Trudeau Monday at 6:30 p.m. ET.

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