This is directly taken from said wesite
YOU CAN SET-OFF YOUR STUDENT LOAN NOW!!
Free your Bond… your mind will follow!
It is not intended to aid any one in avoiding lawful debts. ts purpose is to secure for all Canadians their right to fully funded post secondary education.
The following is from the Federal Student Loan Act.
Canada Student Loans Act
CHAPTER S-23
An Act to facilitate the making of loans to students
19.1 (1) Subject to this section and section 19.2, no action or proceedings shall be taken to recover money owing under a guaranteed student loan more than six years after the day on which the money becomes due and payable.
Deduction and set-off
(2) Money owing under a guaranteed student loan may 1 be recovered at any time by way of deduction from or set-off against any sum of money that may 2 be due or payable by Her Majesty in right of Canada to the borrower or the estate or succession of the borrower.
1-In the first use of 'may', they are giving permission. That implies TWO parties. What if whoever they are giving permission to, needs permission from two sources? And what if you are the second source of permission? If you never give it, they cannot act.
2- In the second use of 'may' they are defining the level of claim needed to be made. It does not say 'is due or payable'. All you have to do is claim, not claim and prove.
If they owe you money, it can be used to pay off your loan. Here's the thing: THEY ALWAYS OWE YOU MONEY!!!
Now look on the back of your Birth Certificate.
�� You will find a number. (If you are from Ontario, it may be on the front. It's the number they do not identify. It will start with a letter.)
�� It’s a Bond tracking number and every year that bond generates revenue. (Its supported by your pledge of future commercial output and your consent to be taxed.)
�� That revenue is in fact yours and is part of the Federal Transfer payments the federal government sends to the provincial government every year. The Federal Minister of Finance is acting as a fiduciary over that revenue and bond. Those funds are yours and they owe it to you. (Who else’s could it be, when it is supported by YOUR pledge?)
�� Because you never ask for it or direct how it is to be spent, they send it to your provincial representatives.
�� When you direct the Minister of Finance to direct funds from the transfer payments (which are in fact yours) and deposit them into an account for the payment or set-off of the debt, you discharge your loan. (It goes to zero.)
�� The transfer payments received by your provincial representatives will be decreased by the amount transferred, but you as a member of the society will no longer be in debt, and that’s actually good for you and your society. Additionally, since you honourably discharged your loan, your credit rating improves, you can justify getting another loan and bringing in even more money to your society.
�� Plus, your provincial representatives will get LESS OF YOUR MONEY TO SQUANDER AND WASTE!
Freeman On The Land
