CANADA
CNW
OTTAWA, Dec 17, 2014 /CNW/ – Bernard Valcourt, Minister of Aboriginal Affairs and Northern Development, today welcomed the decision of the Supreme Court of British Columbia to grant Canada’s request for an extension to the deadlines to apply for, redeem, and use Personal Credits. Parties to the Indian Residential Schools Settlement Agreement requested the deadline extension in order to give Common Experience Payment recipients and their family members the best opportunity to access Personal Credits to support education opportunities.
The Indian Residential Schools Settlement Agreement provides that Common Experience Payment (CEP) recipients may apply for Personal Credits. Personal Credits have no cash value and can be shared with up to two family members. They are redeemable for either personal or group educational services provided by approved educational entities and groups. Personal Credits have a maximum individual redemption value of $3,000.
New deadline dates will be determined once the court order is signed by all parties, but today’s court decision allows for a two month extension from the date of the court order to submit an application for Personal Credits. It will also allow for a five month extension from the date of the court order for Education Entities and Groups to submit redemption forms for payment. August 31, 2015, is the new deadline for CEP recipients, or their family members, to complete courses or programs for which Personal Credits are used.
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