A Remissible Loan can be forgiven over time if you meet the criteria.

Ootes said Metis and Inuit students will now receive remissible loans, which are tax-free.

If the same student was starting post-secondary schooling in the fall, he or she would be entitled to 12 semesters of basic grants and remissible loans.

If approved it will include increased grants for tuition, remissible loans for living expenses, and new debt reduction and repayment measures.

A Remissible Loan can be repaid in money or in time spent in the Northwest Territories.

Combining or totaling remissible and repayable NWTSFA student loans.

Dividends, profits, interest on loans, debentures, mortgages, and repatriation of invested capital are freely and fully remissible, subject to Central Bank reporting requirements.

Loan The money you borrow, either remissible or repayable, from the Government of the Northwest Territories (GNWT).

As an example of how a remissible loan is forgiven, let's say you received $32,000 in Remissible Loans from the SFA Program.

One of the concerns the coalition raised centred on funding for non-aboriginal students schooled in the NWT who have already used-up their basic grants and remissible loans under the old system.

A student who has already attended eight semesters in a post-secondary institution and had attended school in the NWT from grades 1 to 12 will not be entitled to any more basic grants or remissible loans.

If a student with six years of schooling in the NWT entered the assistance program three years ago, they would have had the option of receiving a total of $17,600 in remissible loans over three or four years.

Subject to the rules of competence for a decision, where the customs authorities themselves discover within the periods referred to in Article 90(1) that import or export duties are repayable or remissible pursuant to Articles 86, 88 or 89, they shall repay or remit on their own initiative.