Happy New Year
If you compare an Equifax report to TU, you will likely see that anything concerning the federal loan has dropped off in the case of a limitation issue. Equifax does not harbor information on debt that is legally unrecoverable. Consult with the consumer reporting government body in Ontario concerning the reporting of debt past it's limitation issue. Bear in mind, the Ontario loan will remain on record until it is paid. In your case, there is no limitation that binds the province to recover the provincial share.
Acknowledgement is something that requires a written instrument or payment on your part. That pertains to the 4 actions outlined under what constitutes acknowledgment in the limitation law that applies to Canada student loans.
When a Canada student loan is statute barred, it is written off. Done. You will never be pursued for it unless you decide later down the road that you want to pay it. The government is not just allowed to accept money from you after limitations. The government will require you to state that you are voluntarily paying money to them for a loan that is no longer recoverable, and that you agree that there has been no engagement by the Crown, or attempt to collect. The government will make it so that if you decide to pay any money you are doing so voluntarily, and not through any recovery means. This is to protect them from you should you claim that they influenced you or pinned you in any manner.
Limitation Issues and Taking Out New Student Loans
If you have a student loan that is written off, statute barred, and you want to re-enter the Canada Student Loans Program and be approved for more loans, you will be rejected. The CSLP will not grant and further loans to someone in this case. This is a safeguard policy to the program.
It is the government way of saying 'we will not give you any more money' because of you did not pay the previous. They will not guarantee you further funding even f you decide to pay the old. It is a gambit.
Rehabilitation of a Statute Barred CSL
As i described above, proper steps have to be taken by you and the government to rehabilitate a loan that is written off, statute barred. If you decide at a later date that you want to repay it, first, you will have to demonstrate that you are doing so on a voluntary basis, and that you are not being pursued, coerced, or influenced in any way by the government to do so.
Hope this helps.
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