Category: Budgets

Situation Critical

So, we haven’t yet got through all the provincial budgets, but it’s crystal clear from those in Ontario, Quebec and British Columbia, plus the election promises made by the winners/likely winners in Saskatchewan and Manitoba, that there is no chance whatsoever that provincial governments, on aggregate, are going to increase government grants to institutions by an amount equal to inflation.  This will mark the fifth time in the last six years that provincial grants to institutions have lagged inflation.  While provinces

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Who Won and Who Lost in the CSLP Re-Shuffle

(Warning to readers: today’s blog is a long read about student aid policy.  Skip it if this kind of wonkery isn’t to your taste.) Last week’s historic changes to the Canada Student Loans Program – which saw the elimination of the Education and Textbook Tax Credits, and an increase of 50% in Canada Student Grants – is a very complicated piece of policy to analyze.  Remember that there is no new money in this set-up: any new money given to one set

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HESA’s 2016 Budget Analysis

The team at HESA towers was up late last night putting together – as we do every year – a review of the Government of Canada’s Budget 2016, specifically as it relates to higher education and training. You can read our full analysis, here. Below are some of our key takeaways and conclusions from Budget 2016. It’s very difficult to call this anything but a very good budget for the higher education sector, albeit more so for universities than for

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A Moment of Truth

So, next Tuesday, federal Finance Minister Bill Morneau will announce the new Liberal government’s first budget.  What should the PSE community expect? Well, it’s going to be a deficit budget, we know that much.  Underlying weakness in the economy means that tax receipts are lower than expected, and the projection for a balanced budget in 2016-2017 that the Tories presented last year has now turned into a $12 billion deficit, even before an extra dollar was spent.  They’ll inflate that

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A Great Day for Student Assistance

I was going to stay off the blog this whole week (I need a reading week, too!), but there was a budget in Ontario yesterday.  A weird and wonderful (if somewhat under-documented) budget, which is going to change the way we think about student aid, tuition, and affordability in Canada for decades to come. Here are the basics: all of Ontario’s different grants and loan remission programs are being merged together into one big up-front grant program (all the provincial

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