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Unlike most bank loans to small businesses, government loans may be unsecured. Loan guarantees – Under the Canadian Small Business Financing Act, [1] the federal government may guarantee a financial institution's loan to a small business, to a maximum of 85 percent. If the borrower defaults on a loan, the bank is protected, and therefore more ...
The following is a list of trust companies that operate or that have operated in Canada. Historically, trusts were one of the four main financial institutions in Canada, along with banks, insurance companies, and investment brokerages. [1]
These changes would, starting in the 2019–20 school year, reduce the family income threshold for grants from $175,000 to $140,000, require that the loan-to-grant ratio for funding given to students be at least 50 percent loan, and remove the six-month interest-free grace period for the Ontario portion of loans following graduation. [4] [5] [6]
The Province of Ontario Savings Office (POSO) was a financial institution established by the Government of Ontario, Canada in 1922 to provide a government-owned alternative to banks. The POSO was closed in 2003 when its assets were sold to the Quebec-based Desjardins Group cooperative of caisses populaires (credit unions) to form Desjardins ...
"Time for Ontario to ban predatory payday loan operators: Opinion" [18] includes a discussion of Hamilton's new regulations on the payday loan industry, a first for Ontario. Effective January 1, 2017, the maximum total cost of borrowing for a payday loan became $18 per $100 advanced (7,383%), down from the prior rate of $21 per $100 advanced ...
The Government of Ontario (French: Gouvernement de l'Ontario) is the body responsible for the administration of the Canadian province of Ontario.The term Government of Ontario refers specifically to the executive—political ministers of the Crown (the Cabinet/Executive Council), appointed on the advice of the premier, and the non-partisan Ontario Public Service (whom the Executive Council ...
BEIJING (Reuters) -China said on Sunday it was taking countermeasures against two Canadian institutions and 20 people involved in human rights issues concerning the Uyghurs and Tibet. The measures ...
On March 29, 2021, the Government of Manitoba announced a $5.6 million-dollar rent bank. [3] The goal of the program is to support stable housing for low-income to moderate-income families. The rent bank will be administered by the Manitoba Non-Profit Housing Association with funds distributed by local rent banks. [3]