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Decentralized Democracy

House Hansard - 122

44th Parl. 1st Sess.
November 1, 2022 10:00AM
Context: House Hansard - 122 - Nov/1/22
Mr. Pierre Paul-Hus (Charlesbourg—Haute-Saint-Charles, CPC)
  • Nov/1/22 2:37:13 p.m.
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Mr. Speaker, can my colleague explain why Canada's debt has surpassed $1 billion since the arrival of the Prime Minister in 2015? According to Desjardins, Canadian taxpayers will have to pay $49.5 billion in interest alone to service the debt. We have gotten to this point because of the Prime Minister's unjustified spending. For example, he cancelled the repayment of two multi-million dollar loans to the Irving family. He also gave $50 million to Mastercard, and he gave $12 million to Loblaws to buy refrigerators. Those are just a few examples. Will the Prime Minister commit to stopping this wasteful spending, which is adding to the debt and the burden on Canadians? No, it is not—
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Context: House Hansard - 122 - Nov/1/22
Mr. John Aldag (Cloverdale—Langley City, Lib.)
  • Nov/1/22 2:49:14 p.m.
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Mr. Speaker, during the pandemic, our government waived interest on Canada student loans and Canada apprentice loans for two years. We did this because we knew young people were among the hardest hit by job losses. As we look toward the future, we know that student-loan repayment continues to be a top concern for many Canadians, especially those with low or modest incomes. That is why the hon. Minister of Employment, Workforce Development and Disability Inclusion is taking action to make people's loan repayment more flexible and affordable. Could the minister please share with the House more details about the change being implemented today?
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Context: House Hansard - 122 - Nov/1/22
Hon. Carla Qualtrough (Minister of Employment, Workforce Development and Disability Inclusion, Lib.)
  • Nov/1/22 2:49:50 p.m.
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Mr. Speaker, I thank the member for Cloverdale—Langley City, my hometown, for his tireless work on behalf of his constituents and all Canadians. We believe that no one should be deterred from pursuing an education because of unaffordable interest costs. That is why, effective today, graduates will not have to start repaying their federal loans until they learn at least $40,000 per year, and maximum payments will also be lowered from 20% to 10% of household income. This will support an estimated 180,000 borrowers each year.
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