Canada Student Loans Regulations

18 (1) For the purposes of section 11.1 of the Act, the Minister may, for a year, forgive the lesser of

• (a) the outstanding principal of the borrower’s guaranteed student loan, and

• (b) $8,000, in the case of a family physician or $4,000, in the case of a nurse or nurse practitioner, minus any amount that was forgiven for that year under section 9.2 of the Canada Student Financial Assistance Act.

(2) The maximum number of years in respect of which an amount may be forgiven is five minus the number of years in respect of which the amount referred to in paragraph 28(1)(b) of the Canada Student Financial Assistance Regulations has been forgiven.