Denise Savoie moved, — That Bill C-284, in Clause 1, be amended by replacing lines 26 to 31 on page 2 with the following:“(2) Subject to subsection (2.1), the amount of a grant made in a loan year to a qualifying student
shall not exceed the least of
(a) the qualifying student’s assessed need;
(b) 50% of the student’s tuition; and
(c) a base amount of $3,000, adjusted annually to reflect the average increase in tuition at designated educational institutions in Canada during the previous two calendar years, as calculated in accordance with statistics compiled by Statistics Canada.
(2.1) The amount of a grant made in a loan year to a qualifying student who is a person in respect of whom a national
child benefit supplement, or a special allowance
under the Children’s Special Allowances
Act, is payable, or would be payable if the
person was less than eighteen years of age, shall not exceed the least of
(a) the qualifying student’s assessed need;
(b) 100% of the student’s tuition; and
(c) a base amount of $7,000, adjusted annually to reflect the average increase in tuition at designated educational institutions in Canada during the previous two calendar years, as calculated in accordance with statistics compiled by Statistics Canada.”