Liberal platform includes student debt relief
88-page plan also includes CRA reform
GST holiday break: Is it good for Canada’s economy?
Economists share how the temporary tax cut and relief cheques may play into Canada’s growth picture.
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.
Share this article Share on Facebook Share on Twitter Share on Linkedin Share on Reddit Share on Email
Related Articles
MoneySense at the MoneyShow: ETFs & Investing Strategies
Here’s how to get your free ticket to attend the MoneyShow virtual expo.
Nvidia’s earnings: Blackwell AI chips play into (another) stock price rise
Nvidia beats earnings expectations as investors eye demand for Blackwell AI chips.
Bitcoin approaches USD$100,000 as post-election rally continues
The world’s biggest cryptocurrency topped USD$98,000 on Nov. 21. As it inches ever closer to six figures, investors wonder:...
Canada’s inflation rate increased to 2% in October
Canada’s inflation rate rose to 2% last month, up from 1.6% in September, but a December interest-rate cut is...
Inflation is on target in Canada, so why is food (and other stuff) still so expensive?
Why Canadians are still feeling the squeeze of high food costs, and what to do about it.
Deal or no deal: What to know before shopping Black Friday and Cyber Monday sales
If you’re one of the many Canadians looking for Black Friday and Cyber Monday discounts, here’s how to know...
Where are rent prices headed in Canada?
A new Desjardins report predicts rent inflation will slow in the next few years.
Couldn’t get Eras Tour tickets? Industry practices, lack of competition could be to blame
High demand has made it challenging to get tickets for Taylor Swift and other big artists in Canada, and...