Student Aid Tax Rates
Anyone who thinks taxation is overly complicated and onerous in this country needs to spend a day or two in the shoes of a student. That’s because our tax system has absolutely nothing on our student aid assessment system. Student aid in Canada is distributed based on something called “assessed need”, which is defined as “assessed costs” minus “assessed resources” (not real costs or real resources, because those are subjective). Essentially, government has to ask students about their resources and