Thank you, Chair.
This is about Canada student loans and Canada apprentice loans.
Division 5 of part 4 proposes to amend the Canada Student Loans Act, the Canada Student Financial Assistance Act and the Apprentice Loans Act to permanently eliminate the accrual of interest on Canada student loans and Canada apprentice loans, starting on April 1, 2023.
This builds on the two-year elimination of interest that was instituted on April 1, 2021 and is set to expire on March 31, 2023. This part also proposes to amend the Apprentice Loans Act to clarify when the repayment should begin of Canada apprentice loans during this two-year waiver that is already in effect.
Thank you.