EXCLUSIVE: 64% of immigrants not paying monthly bill on $150M government zero interest loans
Two-thirds of immigrants, including permanent residents, were not making minimum monthly payments on an outstanding $150 million in taxpayer-funded immigration loans. These loans carry zero interest.
Two-thirds of immigrants, including permanent residents, were not making minimum monthly payments on an outstanding $150 million in taxpayer-funded immigration loans. These loans carry zero interest and terms most Canadians could only dream of.
According to Access to Information records obtained by True North, federal officials reported that only 36 per cent of recipients of the Immigration Loans Program were making minimum monthly payments as of March 31, 2023 — down sharply from before the COVID pandemic.
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