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Ontario Student Assistance Program. The Ontario Student Assistance Program (OSAP) (French: Régime d'aide financière aux étudiantes et étudiants de l'Ontario (RAFEO)) is a provincial financial aid program that offers grants and loans to help Ontario students pay for their post-secondary education. OSAP determines the amount of money that a ...
Royal assent. March 25, 2020. Status: Current legislation. The Government of Canada introduced multiple temporary social security and financial aid programs in response to the economic impacts of the COVID-19 pandemic in Canada. The initial CA$ 82-billion aid package was announced on March 18, 2020 by Justin Trudeau.
Canadian public debt, or general government debt, is the liabilities of the government sector. [ 1 ]: 23 Government gross debt consists of liabilities that are a financial claim that requires payment of interest and/or principal in future. [ 2 ]: 207 They consist mainly of Treasury bonds, but also include public service employee pension ...
Canada Student Loans of up to $210 per week of full-time study or 60% of the student's assessed need (the lesser of these) can be issued per loan year (August 1–July 31). Loans issued through provincial programs will normally provide students with enough funding to cover the balance of their assessed need.
As of 2018, Canada is ranked third in the world (behind Russia and South Korea) for the percentage of people ages 25–34 who have completed tertiary education. [1] As of September 2012, the average debt for a Canadian post-university student was 28,000 Canadian dollars, with this accumulated debt taking an average of 14 years to fully repay based on an average starting salary of $39,523. [2]
Through this first NHS, the Government of Canada promised to spend $40 billion over the next decade on housing, [50] funding that would go to build 100,000 new affordable units, repair 300,000 affordable units, and to cut homelessness by 50%. [133] [134] Before 2017, Canada was the only G8 nation that lacked a national housing strategy.
A mechanism for the Canadian federal government to provide funds through transfer payments to the provinces has existed since Canadian Confederation, and was first enshrined in the Constitution Act, 1867 Section 119 as a mechanism for the new federal government to provide further grants to the province of New Brunswick.
2016 Canadian federal budget. The Canadian federal budget for fiscal year 2016–2017 was presented to the House of Commons of Canada by Finance Minister Bill Morneau on 22 March 2016. The deficit was projected to be $29.4 billion for the fiscal year 2016–2017, [ 1] however this was adjusted to $17.8 billion by end of March 2017. [ 3]