Money coach highlights takeaways for students from 2016 federal budget

March 29, 2016

Canadian students and their families have a lot to gain from examining the new federal budget, writes money coach Janet Gray for Maclean’s. Among the biggest developments are a 50% increase to the sums provided through Canadian Student Grants, the elimination of tuition and textbook tax credits, and an increase in the earnings threshold for student loan repayment. Gray offers a case study to help illustrate the effects of these changes, noting that from now on, graduates will not need to start repaying student loans unless they make more than $25 K. Maclean’s