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Federal government extends doctor loan forgiveness

OTTAWA—From downtown Toronto, Vancouver and Montreal to Canmore, Alberta and Truro, Nova Scotia, Canadians deserve access to timely, high-quality health care, where and when they need it.

The cost of education and training for nurses and doctors is high and can discourage many talented Canadians from pursuing their career of choice. The government of Canada is taking the next steps to strengthen the Canadian workforce and reduce costs and expenses for health care workers, a February 13 press release states.

On February 13, the Honourable Randy Boissonnault, minister of employment, workforce development and official languages, announced that the policy to increase loan forgiveness by 50 percent is now in effect for doctors and nurses working in underserved rural and remote communities.

“During the pandemic, we saw first-hand how important our health workforce is, especially in rural and remote communities,” said Minister Boissonnault. “With these regulatory changes, we are improving our support for health workers as well as offering needed quality health care to people living in Canada’s under-served rural and remote communities.”

With these changes, up to $60,000 will be forgiven for a family physician or family medicine resident, and up to $30,000 for a nurse or nurse practitioner.

This is a 50 percent increase to the maximum amount of forgivable Canada Student Loans for eligible family physicians, family medicine residents, nurses and nurse practitioners working in under-served rural and remote communities. Approximately 3,000 doctors and nurses will benefit in the first year of implementation, reaching up to 8,000 per year by 2032-2033.

This 50 percent increase in Canada Student Loan forgiveness is expected to attract nearly 1,200 new doctors and 4,000 new nurses to under-served rural and remote communities across the country over a 10-year period.

Mark Holland, minister of health said, “Health workers are the backbone of Canada’s health care system. Without a sustained and efficient workforce, Canadians cannot access the care they need, when they need it. These regulatory changes will support the recruitment and retention of health workers in rural and remote communities, where there are significant needs right now.”

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Expositor Staff
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