GreatNorthCollective/greatnorth-canada-federal-laws-text huggingface dataset:
Supplementary Fiscal Equalization Payments 1982-87 Act — S-23.7 2
Payments authorized 2 In addition to the fiscal equalization payment amounts payable for the period April 1, 1982 to March 31, 1987 to each province entitled to a fiscal equalization payment under Part I of the Federal-Provincial Fiscal Arrangements and Federal Post-Secondary Education and Health Contributions Act, 1977 , the Minister of Finance shall pay to each such province as a supplementary fiscal equalization payment, the following amounts: (a) in respect of the fiscal year commencing on April 1, 1985, (i) one hundred and ten million dollars to the Province of Quebec, (ii) fifty million dollars to the Province of Manitoba, (iii) twenty million dollars to the Province of Nova Scotia, (iv) twenty million dollars to the Province of New Brunswick, (v) fifteen million dollars to the Province of Newfoundland, and (vi) five million dollars to the Province of Prince Edward Island; and (b) in respect of the fiscal year commencing on April 1, 1986, sixty-five million dollars to the Province of Manitoba.
Supplementary Fiscal Equalization Payments 1982-87 Act — S-23.7 3
Payments out of C.R.F. 3 The amounts authorized to be paid by section 2 shall be paid out of the Consolidated Revenue Fund (a) in respect of the fiscal year commencing on April 1, 1985, within thirty days after the coming into force of this Act; and (b) in respect of the fiscal year commencing on April 1, 1986, within thirty days after the commencement of that year.
Canada Student Loans Act — S-23 1
Short title 1 This Act may be cited as the Canada Student Loans Act . R.S., c. S-17, s. 1
Canada Student Loans Act — S-23
appropriate authority for a province means such person, body or authority as may be designated by the lieutenant governor in council of that province as the appropriate authority for that province for the purposes of this Act; ( autorité compétente )
Canada Student Loans Act — S-23
borrower means a person to whom a loan is made by a lender under this Act; ( emprunteur )
Canada Student Loans Act — S-23
certificate of eligibility means a certificate in prescribed form issued or caused to be issued by an appropriate authority pursuant to section 14; ( certificat d’admissibilité )
Canada Student Loans Act — S-23
guaranteed student loan means a loan made in accordance with the requirements of section 7; ( prêt garanti )
Canada Student Loans Act — S-23 (a)
lender means (a) a bank or an authorized foreign bank within the meaning of section 2 of the Bank Act , (b) a credit union, caisse populaire or other cooperative credit society that is designated by the Minister on the application of that society as a lender for the purposes of this Act, or (c) a company within the meaning of the Trust and Loan Companies Act , or a company, society or provincial company within the meaning of the Insurance Companies Act , that is designated by the Minister on the application of that company, society or provincial company as a lender for the purposes of this Act; ( prêteur )
Canada Student Loans Act — S-23
loan year means the period commencing on August 1 in any year and ending on July 31 in the following year; ( année de prêt )
Canada Student Loans Act — S-23
Minister means the Minister of Employment and Social Development; ( ministre )
Canada Student Loans Act — S-23
period of studies means a period of studies at a specified educational institution in a course that is recognized by that educational institution and the appropriate authority for the province to be equivalent to a course that may be taken by a full-time student at that institution as part of a program of studies of at least twelve consecutive weeks duration; ( période d’études )
Canada Student Loans Act — S-23
prescribed , in the case of a form or the information to be given on a form, means prescribed by the Minister and, in any other case, means prescribed by the regulations; ( Version anglaise seulement )
Canada Student Loans Act — S-23 (a)
qualifying student means a person (a) who is a Canadian citizen or a permanent resident within the meaning of subsection 2(1) of the Immigration and Refugee Protection Act , (b) who is qualified for enrolment or is enrolled at a specified educational institution as a full-time or part-time student for a period of studies at a post-secondary school level, and (c) who intends to attend at a specified educational institution as a full-time or part-time student for a period of studies described in paragraph (b) if it is financially possible for that person to do so; ( étudiant admissible )
Canada Student Loans Act — S-23
specified educational institution means an institution of learning, whether within or outside a province, that offers courses at a post-secondary school level and that is designated by the lieutenant governor in council of that province, either particularly or as a member of a class, as a specified educational institution within the meaning of this Act. ( établissement d’enseignement agréé )
Canada Student Loans Act — S-23 2.1
Certificates of eligibility 2.1 (1) No certificate of eligibility may be issued under this Act after the day on which section 12 of the Canada Student Financial Assistance Act comes into force. Alternative payments (2) No payment may be made under section 16 of this Act for the loan year in which section 14 of the Canada Student Financial Assistance Act comes into force, or for any following loan year. 1994, c. 28, s. 21
Canada Student Loans Act — S-23 3
Maximum amount of loan 3 (1) Subject to this Act and the regulations, a guaranteed student loan may be made by a lender to a qualifying student for a period of studies in an amount not exceeding (a) in the case of a full-time student, one hundred dollars per week; or (b) in the case of a part-time student, an amount that results in the aggregate of outstanding principal of guaranteed student loans made to that borrower as a part-time student being equal to two thousand five hundred dollars. Adjustment of maximum (2) For any loan year, the Minister may adjust the amount of one hundred dollars per week referred to in paragraph (1)(a) or the amount of two thousand five hundred dollars referred to in paragraph (1)(b), or both of those amounts, by multipliers equal to or smaller than the multipliers calculated in accordance with formulas prescribed to reflect annual changes in the average cost to students of pursuing in Canada studies at a post-secondary school level. Publication of maximum (3) The Minister shall cause to be published in the Canada Gazette , before the commencement of each loan year, the amounts referred to in subsection (2) as adjusted pursuant to that subsection for that loan year. R.S., c. S-17, s. 3; R.S., c. 42(1st Supp.), s. 2; 1972, c. 15, Sch. (Fin.) vote 1; 1974-75-76, c. 36, Sch. (Fin.) vote 1d; 1980-81-82-83, c. 49, s. 2, c. 155, s. 2
Canada Student Loans Act — S-23 4
No accrual of interest 4 (1) Beginning on April 1, 2023, no interest is payable by a borrower on a guaranteed student loan. Clarification (2) For greater certainty, nothing in this section relieves a borrower from liability for interest that accrued before April 1, 2023 on a guaranteed student loan. R.S., 1985, c. S-23, s. 4; 1993, c. 12, s. 3 2019, c. 29, s. 323 2022, c. 19, s. 145
Canada Student Loans Act — S-23 5
Payment deferred for full-time students 5 Subject to the regulations, no amount on account of principal or interest in respect of a guaranteed student loan made to a full-time student is required to be paid by the borrower until the last day of the seventh month after the month in which the borrower ceases to be a full-time student. R.S., c. S-17, s. 5; 1980-81-82-83, c. 49, s. 2, c. 155, s. 3
Canada Student Loans Act — S-23 5.1
Agreement to pay interest 5.1 (1) The Minister may enter into an agreement with a lender respecting the payment of interest, or a province respecting the payment of interest on provincial student loans, by borrowers who are referred to in a regulation that is made under paragraph 17(s.2). Payment on behalf of reservist (2) If there is no agreement, the Minister may pay the interest on behalf of those borrowers. 2008, c. 15, s. 4 2022, c. 19, s. 146
Canada Student Loans Act — S-23 5.2
Personal information 5.2 Personal information , as defined in section 3 of the Privacy Act , that is under the control of a government institution , as defined in that section, shall, on request, be made available to the Minister for the purposes of a regulation that is made under paragraph 17(s.2) or (s.3). 2008, c. 15, s. 4 2022, c. 19, s. 147
Canada Student Loans Act — S-23 6
Interest payable by Minister 6 (1) The Minister shall pay to a lender, in respect of each guaranteed student loan made by that lender to a full-time student, interest at the prescribed rate in respect of any period or periods before April 1, 2023 described in section 4, as it read from time to time before April 1, 2023, in respect of which no interest was payable by the borrower on the loan. Idem (2) No interest is payable by the Minister to a lender pursuant to subsection (1) in respect of a guaranteed student loan, in respect of any period before the obligation of the borrower to that lender in respect of the loan has commenced or after that obligation has ceased. R.S., 1985, c. S-23, s. 6; 1993, c. 12, s. 4 2022, c. 19, s. 148
Canada Student Loans Act — S-23 7
Guarantee by Minister 7 Subject to this Act and the regulations, the Minister is liable to pay to a lender the amount of any loss sustained by it as a result of a loan made to a qualifying student if (a) the loan was made pursuant to an application to a lender, signed by the borrower, stating that the borrower has not received any other loan pursuant to the certificate of eligibility referred to in paragraph (b), or pursuant to any other certificate of eligibility relating to the period of studies specified in the certificate of eligibility referred to in paragraph (b), except any such loan the amount of which, when added to the amount of the loan applied for, did not exceed the applicable loan limit set out in section 3 for that period of studies; (b) the loan was made to a borrower who filed with the lender making the loan a document that purported to be and was accepted by a responsible officer of that lender, in good faith, as a certificate of eligibility issued or caused to be issued by an appropriate authority relating to that borrower for the period of studies specified in that certificate; (c) the amount of the loan did not exceed the lesser of the amount set out in the certificate of eligibility and the applicable loan limit set out in section 3 for the relevant period of studies; (d) no fee, service charge or charge of any kind, other than interest calculated in the prescribed manner and on the prescribed amount and not exceeding the prescribed rate, was by the terms of the loan payable in respect of the loan, except as provided in the regulations in any case where the borrower is in default; (e) the loan was repayable in full by the terms thereof (i) in the case of a loan made to a full-time student, subject to the regulations, in accordance with practices of the lender in respect of repayment, subject to the right of the borrower to repay at any time all or any part of the principal amount of the loan outstanding at that time and any interest then accrued, and (ii) in the case of a loan made to a part-time student, within a period of not more than two years after the loan was made, subject to the right of the borrower to repay at any time all or any part of the principal amount of the loan outstanding at that time and any interest then accrued; and (f) the loan was made in accordance with an agreement in prescribed form between the borrower and the lender making the loan, containing (i) in the case of a loan made to a full-time student, provisions respecting payment of the principal amount of the loan and interest on the loan by the borrower as described in section 4, as it read at the time that the agreement was entered into, section 5 and any other provisions that may be prescribed, or (ii) in the case of a loan made to a part-time student, such provisions as may be prescribed. R.S., 1985, c. S-23, s. 7; 1993, c. 12, s. 5; 1996, c. 18, s. 62 2022, c. 19, s. 149
Canada Student Loans Act — S-23 7.1
Payments in respect of errors 7.1 Subject to the regulations, the Minister may pay to a lender the amount of the loss sustained by it as a result of a loan made to a qualifying student if an error concerning the rate of interest or the amount to be repaid was made by the lender in drawing up the agreement for the loan and the Minister considers that the error was inadvertent and that the loss was not affected by the error. 1994, c. 28, s. 22
Canada Student Loans Act — S-23 8
Payment to lenders for collection 8 The Minister may pay to a lender a prescribed amount in respect of any sum collected by the lender on behalf of Her Majesty from a borrower after any payment is made by the Minister to the lender pursuant to section 7, in respect of a guaranteed student loan made to that borrower. R.S., c. S-17, s. 9; 1980-81-82-83, c. 49, s. 4
Canada Student Loans Act — S-23 11.1
Portion of loan forgiven 11.1 (1) The Minister may forgive an amount in respect of a guaranteed student loan to a borrower who meets the prescribed conditions and begins to work in an underserved rural or remote community as a (a) family physician; (b) nurse; (c) nurse practitioner; (d) early childhood educator; (e) dentist; (f) dental hygienist; (g) pharmacist; (h) midwife; (i) teacher; (j) social worker; (k) psychologist; (l) personal support worker; or (m) physiotherapist. Effective date of forgiveness (2) The forgiveness takes effect on the prescribed day. Agreement (3) For the purposes of subsection (1), the Minister may enter into an agreement with a lender for the purchase of a guaranteed student loan made by the lender. 2011, c. 24, s. 157 2024, c. 17, s. 156
Canada Student Loans Act — S-23 11.2
Suspension of interest and payments 11.2 During the period that begins on March 30, 2020 and ends on September 30, 2020, (a) no interest is payable by a borrower on a guaranteed student loan; and (b) no amount on account of principal and interest in respect of a guaranteed student loan is required to be paid by the borrower. 2020, c. 5, s. 52
Canada Student Loans Act — S-23 11.3
Suspension of interest 11.3 During the period that begins on April 1, 2021 and ends on March 31, 2023, no interest is payable by a borrower on a guaranteed student loan. 2021, c. 7, s. 6 2021, c. 23, s. 266
Canada Student Loans Act — S-23 12
Death of borrower 12 (1) All obligations of a borrower in respect of a guaranteed student loan terminate if the borrower dies, and the Minister shall pay to any lender whose rights against the borrower are terminated under this section the amount of principal and interest determined in the prescribed manner to have been payable by the borrower on the day of the borrower’s death. Undisclosed death of borrower (2) If the borrower dies and notice of the borrower’s death is not received by the lender within 30 days after the day of death, then, despite subsection (1), the day on which the amount is determined in the prescribed manner to have been payable is a day that is fixed by the Minister in accordance with the regulations. Disappearance of borrower (3) If a borrower disappears under circumstances that, in the opinion of the Minister, raise a presumption that the borrower is dead, then all the borrower’s obligations in respect of a guaranteed student loan terminate on the day on which the Minister forms that opinion, and the Minister shall pay to any lender whose rights against the borrower are terminated under this subsection the amount of principal and interest determined in the prescribed manner to have been payable by the borrower on a day that is fixed by the Minister in accordance with the regulations. Death of borrower before this subsection comes into force (4) If, before the day on which this subsection comes into force, a borrower dies or the Minister forms an opinion under paragraph (2)(b) as it read immediately before that day, then all the borrower’s obligations in respect of a guaranteed student loan terminate on that day. Date fixed is after this subsection comes into force (5) However, if the Minister fixes a day under subsection (2) — as it read immediately before this subsection comes into force — that is later than the day on which this subsection comes into force, then the day that is fixed is the day on which the amount of principal and interest is determined in the prescribed manner to be payable under subsection (2) or (3). R.S., 1985, c. S-23, s. 12; 2009, c. 2, s. 365
Canada Student Loans Act — S-23 13
Severe permanent disability 13 (1) If the Minister is satisfied, on the basis of prescribed information provided by or on behalf of a borrower, that the borrower, by reason of severe permanent disability, is unable to repay a guaranteed student loan and will never be able to repay it, all rights of any lender against the borrower in respect of that guaranteed student loan terminate, and the Minister shall pay to any lender whose rights against a borrower are terminated under this section the amount of principal and interest determined in the prescribed manner to have been payable by the borrower at the time the borrower provided the Minister with the information required under this section. Meaning of severe permanent disability (2) The Governor in Council may make regulations defining the expression severe permanent disability for the purposes of subsection (1). R.S., 1985, c. S-23, s. 13; 2008, c. 28, s. 112
Canada Student Loans Act — S-23 14
Issue of certificates 14 (1) Subject to section 15, the appropriate authority for a province may issue or cause to be issued a certificate of eligibility for a period of studies to a qualifying student whom that authority considers (a) to have attained a satisfactory scholastic standard; and (b) to be in need of a loan for that period of studies. Required amount to be specified (2) A certificate of eligibility shall contain a statement of the amount of the loan, not exceeding the applicable limit under section 3 for the relevant period of studies, that, in the opinion of the appropriate authority issuing the certificate or causing it to be issued, is needed to enable the qualifying full-time or part-time student to pursue, for that period, a program of studies, or part thereof, at a post-secondary school level at the educational institution specified in the certificate. R.S., c. S-17, s. 10; R.S., c. 42(1st Supp.), s. 5; 1972, c. 15, Sch. (Fin.) vote 1; 1980-81-82-83, c. 49, s. 5, c. 155, s. 8
Canada Student Loans Act — S-23 15
Limitation on aggregate amount 15 (1) The appropriate authority for a province shall not issue or cause to be issued any certificate of eligibility in a loan year if, as a result thereof, the aggregate of the amounts set out in the certificates of eligibility issued or caused to be issued by that authority in that loan year would exceed the aggregate of (a) the provincial allocation for that province for that loan year, and (b) the supplementary allocation, if any, for that province for that loan year, determined by the Minister pursuant to subsection (4). Calculation of provincial allocation (2) The provincial allocation for a province for a loan year is an amount, as determined by the Minister after consultation with the Chief Statistician of Canada, equal to the aggregate of (a) the product obtained by multiplying ninety-five per cent of the basic loan provision for that loan year by a fraction of which (i) the numerator is the estimated number of persons in that province that, on the first day of that loan year, have attained eighteen years of age and have not attained twenty-five years of age, and (ii) the denominator is the estimated number of persons in Canada, on the first day of that loan year, of the same age group, and (b) the product obtained by multiplying five per cent of the basic loan provision for that loan year by a fraction of which (i) the numerator is the estimated number of persons who were enrolled as part-time students for a period of studies in that province in the previous loan year, and (ii) the denominator is the estimated number of persons who were enrolled as part-time students for a period of studies in Canada in the previous loan year. Calculation of loan provision (3) The basic loan provision for any loan year is an amount, as determined by the Minister after consultation with the Chief Statistician of Canada, equal to the product obtained by multiplying (a) five hundred and thirty million dollars by (b) the quotient obtained by dividing the estimated number of persons in Canada that will be enrolled as full-time students in programs of studies at a post-secondary school level in that loan year by the number of persons in Canada that were enrolled as full-time students in programs of studies at a post-secondary school level in the loan year commencing in 1983 by (c) the multiplier, if any, by which the amount set out in paragraph 3(1)(a) is adjusted for that loan year in accordance with subsection 3(2). Calculation of supplementary allocation (4) The Minister may, on application therefor by the government of a province, determine a supplementary allocation for that province for any loan year in an amount not exceeding (a) thirty per cent of the basic loan provision for that loan year, as determined pursuant to subsection (3), minus (b) the aggregate of all other supplementary allocations for provinces for that loan year, determined by the Minister pursuant to this subsection. R.S., c. S-17, s. 11; R.S., c. 42(1st Supp.), s. 6; 1970-71-72, c. 15, s. 39; 1974-75-76, c. 36, Sch. (Fin.) vote 1d; 1976-77, c. 2, Sch. A (Fin.) vote 1b; 1980-81-82-83, c. 49, s. 6, c. 155, s. 9
Canada Student Loans Act — S-23 (a)
net costs , for a province for a loan year, means, subject to subsection (7), the amount by which (a) the estimated aggregate of all amounts paid by the Minister in that loan year to lenders under sections 6, 7 and 8, paragraph 10(b), as that paragraph read from time to time before April 1, 2023, and sections 12 and 13, and to collection agencies, in respect of guaranteed student loans made on the basis of certificates of eligibility issued or caused to be issued in any loan year by the appropriate authority for that province exceeds (b) the estimated aggregate of all amounts received by or on behalf of Her Majesty in that loan year, including any amount received pursuant to the Financial Administration Act , in respect of the loans referred to in paragraph (a); ( coûts nets )
Canada Student Loans Act — S-23 (a)
net per capita costs , for participating provinces for a loan year, means the fraction of which (a) the numerator is the amount by which the total program net costs for that loan year exceeds the aggregate of the net costs for that loan year for all provinces that are not participating provinces in that loan year, and (b) the denominator is the estimated number of persons in the participating provinces who, on the first day of the loan year, have attained eighteen years of age and have not attained twenty-five years of age; ( coûts nets par tête )
Canada Student Loans Act — S-23 (a)
total program net costs , for a loan year, means the amount by which (a) the aggregate of all amounts paid by the Minister in that loan year to lenders under sections 6, 7 and 8, paragraph 10(b), as that paragraph read from time to time before April 1, 2023, and sections 12 and 13, and to collection agencies, in respect of guaranteed student loans made on the basis of certificates of eligibility issued or caused to be issued in any loan year by the appropriate authorities for participating provinces exceeds (b) the aggregate of all amounts received by or on behalf of Her Majesty in that loan year, including any amount received pursuant to the Financial Administration Act , in respect of the loans referred to in paragraph (a). ( coûts nets totaux du programme )