$1-billion in assistance for high school students applying for university, college or CÉGEP

While campaigning in Oakville, ON, on March 29, Liberal leader Michael Ignatieff promised that a Liberal government would establish the Canadian Learning Passport, a $1-billion plan that would provide between $4,000-$6,000 of tax-free federal assistance to every high school student who chooses to go to university, college or CÉGEP. Families would be provided $1,000 per year in non-repayable assistance for four years (with low-income families receiving $1,500 per year) through Registered Education Savings Plans (RESPs).