Thank you, Mr. Chair. I will make it very short.
I am the assistant deputy minister of the learning branch at Employment and Social Development Canada.
Division 30 proposes to waive interest accrual on Canada student loans and Canada apprentice loans for two years between April 1, 2021 and March 31, 2023. No interest will accrue during this period, ensuring that borrowers facing financial impacts of the COVID-19 pandemic can better manage their student debt as the economy recovers.
Thank you, Mr. Chair. I will be happy to take questions.