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House Hansard - 126

44th Parl. 1st Sess.
November 14, 2022 11:00AM
  • Nov/14/22 3:43:59 p.m.
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  • Re: Bill C-32 
Mr. Speaker, I want to thank my hon. colleague for putting her finger on the number one question: How soon can we get this legislation passed through the House? We can see that in the new year, probably April, and moving forward, we will no longer have student loan interest on the federal portion of student loans and apprenticeship interest. This would benefit not only students at Conestoga, but students at universities, colleges and technical institutes across the country. I met with Polytechnics Canada last week, and they were thrilled to hear that this was our plan and that it was going to be part of Bill C-32. To all the businesses operating in my hon. colleague's riding and to all members of the House, we are going to work with the banks to make sure that credit card fees get reduced. If the banks do not come to the table before the end of December this year, we are going to pass legislation in the new year to get credit card fees reduced, because it is what small businesses are asking of us. We are responding to post-secondary students and to small business owners.
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  • Nov/14/22 5:51:45 p.m.
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  • Re: Bill C-32 
Madam Speaker, when we look at the needs our communities have, and if we want to be able to assist young people, one of the best ways we can do that is to take a look at the loan capacity students have had to go through over the last number of years. We want to say to our students that we will directly help them by not having them pay interest on loans. That is going to give students and apprentices in every region of our country the opportunity to save money. That money is going to assist them, not only with the issue of inflation that we are dealing with today, but also into the future. We are making schooling that much more affordable. We have a responsibility to work with provincial jurisdictions. Supporting students by coming up with this particular fall economic statement and Bill C-32 is one of the ways Ottawa can demonstrate leadership.
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