# data[].attributes.headline
Video 3: Canadian Student Loan Tips on Breakfast TV

# data[].attributes.subject
Video 3: Canadian Student Loan Tips on Breakfast TV

# data[].attributes.body
https://www.youtube.com/watch?v=7BO1fT0wcq8

The video in the link briefly talks about what can be done to reduce the effects of having student debt. Student debt can affect credit and makes it difficult to get accepted for loans that may need to be used in the future. The video talks about how taking the loan out in increments is helpful since working in the summer can reduce the loan a lot, so by the end of the time at post-secondary the debt is not very high AND there is a 6 month grace period of no interest. As listed in a previous link interest can still be deducted from taxes as well under the right circumstances.

# data[].attributes.headline
Welcome to How Loans and Interest Affect Taxpayers and Consumers

# data[].attributes.subject
Welcome to How Loans and Interest Affect Taxpayers and Consumers

# data[].attributes.body
In this Padlet wall there a few links and images with some analysis. The post will cover the following ideas: How national debt affects taxes and how loans and or interest can affect taxes and consumers. Some of these posts are based off the Canadian economy and some are based off foreign economies that may be applicable to the Canadian economy.

# data[].attributes.headline
Video 2: Japan's Debt Problem Visualized

# data[].attributes.subject
Video 2: Japan's Debt Problem Visualized

# data[].attributes.body
The following link explains Japan's debt problem. This is a good example of how loans can affect taxpayers and the country's economic state as a whole.
https://www.youtube.com/watch?v=Njp8bKpi-vg

Japan has a high debt that seems unlikely to ever be paid back. The central bank has to keep lowering interest rates to allow for more investor activity. The issue is that the government then has to either increase taxes or print more money, which then investors catch on and sell their bonds from the government. This causes increasing expenses that rely solely on the investors to pay off when the tax revenue is not enough compared to the expenses.

# data[].attributes.body
As we know in Canada everyone have the chance to apply the Canada Student Loans Program (CSLP) , this program is for students who require financial support to undertake their studies, , the Canada Student Loans Program CSLP enables Canadians to gain knowledge, skills and successful participation in the economy and society. Let's have a look at the student loans amount of different regions in Canada.

The following table provides a provincial/territorial breakdown of Canada Student Loans Program (CSLP) for full time student in 2011 - 2012.

# data[].attributes.headline
Picture 2: The Student Loan of Interest Rates.

# data[].attributes.subject
Picture 2: The Student Loan of Interest Rates.

# data[].attributes.body
As we know Choose your interest rate of student loans is the most important factor, because the higher interest rates mean you pay more in the long run and vice versa. Take look this picture, it will show you the difference between loans can be thousands and more.
This picture are show a graphic that example of how much it will actually cost and each of the different loan types.

# data[].attributes.headline
Picture 1:                                                  The Loans Rise of Household Debt.

# data[].attributes.subject
Picture 1:                                                  The Loans Rise of Household Debt.

# data[].attributes.body
This picture shows the rise change from 1999 to 2015 current state of Canadian household debt. From last year the interest rates hitting a historical Low and with housing prices also on the rise,  Canadian are taking on debt and they will pay more interest right now. The information graphic below for a quick snapshot look into the issue of rising household debt across the country.

# data[].attributes.headline
Video 1 and Link 3:Jim Stanford: Negative Interest Rate Explainer and Negative Interest Rates: A Tax in Sheep's Clothing

# data[].attributes.subject
Video 1 and Link 3:Jim Stanford: Negative Interest Rate Explainer and Negative Interest Rates: A Tax in Sheep's Clothing

# data[].attributes.body
https://www.youtube.com/watch?v=UN-d4dhYm4M

In this video, Jim Standford explains how a negative interest can occur for banks lending. This does not seem to have a direct correlation to taxpayers since these kinds of loans would only go out to other large banks. While at first it does not seem to affect average consumers, this following link explains the issue with negative taxes.

https://www.stlouisfed.org/on-the-economy/2016/may/negative-interest-rates-tax-sheep-clothing

By implementing negative taxes, banks can cause more spending on goods, but the consequence is that if a bank does not pass these losses onto account holders, then the overall value of the banks decrease. The banks could also reduce interest gained by account holders to reduce the loss due to taxes and finally, they can increase interest onto consumer loans. The money cannot just be printed without causing a loss to someone.

# data[].attributes.body
https://turbotax.intuit.ca/tax-resources/tax-deductions/is-interest-deductible.jsp

While getting a mortgage can be quite a long and expensive process, there are some ways to improve the situation. In the section of the link posted above called "Income From Properties" it states that if the home is also being used to rent out space to others than part of the interest paid on the mortgage can be deducted from the taxes. By having part of the interest reduced and by receiving an extra income from a tenant this can prove to be a valuable method in reducing the costs of the mortgage.

# data[].attributes.headline
 Website #1: Line 319 Interest Paid On Your Student Loans

# data[].attributes.subject
 Website #1: Line 319 Interest Paid On Your Student Loans

# data[].attributes.body
The following link explains how a portion of the interest paid on student loan can be claimed.
http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/ddctns/lns300-350/319-eng.html

The option allows a student who has paid their loan in 2015- or the next 5 years after as long as it follows certain loan acts. This is a great feature for getting a head start on financial needs. When students are applying for student loans they should keep in mind that they cannot claim any money on the loan if it is consolidated with other loans. This is an important feature when determining where the best place is to receive a loan from.