TORONTO -- NDP Leader Jagmeet Singh, who has promised to “immediately and permanently” get rid of charging students interest on federal student loans, has accused the Liberal government of profiting off student debt.
The New Democrats, who have been attracting younger voters according to polls, have highlighted affordable post-secondary education as a key area of their platform messaging. In addition to eliminating interest charges, they have also pledged to forgive up to $20,000 in student debt and double non-repayable Canada Student Grants.
“Profit” is defined by how much has been earned or gained after expenses and other costs have been deducted. As, “the financial benefit realized when revenue generated from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity in question.” During the previous election, the total amount of student debt at the federal level was estimated at close to $17 billion, with nearly $3 billion in interest collected since 2015. The total amount of student debt owed now stands at $22.3 billion as of July 31, 2020, according to information CTVNews.ca requested from the Human Resources and Skills Development Canada .
The liberal government, and Justin Trudeau’s pockets are filled with money from everyone believe me. It’s the most corrupt government we’ve ever had in the history of Canada and they are all being paid dearly for this corruption
Breaking news: CTV starts conspiracy theory to increase viewership and profits.
Can’t wait to vote him out