"Canada Apprentice Loan "

Eligibility, Cost, Terms, Deadlines, Tax Credits, Payment & How to Apply ?

What is Canada Apprentice Loan ?

The Canada Apprentice Loan is a federal government program that provides financial assistance to registered apprentices in designated Red Seal trades who are completing their training.

How Canada Apprentice Loan Works ?

Canada Apprentice Loan program is designed to help apprentices with the cost of tuition, tools, and living expenses while they are enrolled in their apprenticeship programs.

Who is Eligible for Canada Apprentice Loan ?

Apprentices must be registered in designated Red Seal trade apprenticeship program & have completed their first year of training. They must also be a Canadian citizen.


How Much is Canada Apprentice Loan ?

The Apprentice Loan provides interest-free loans of up to $4,000 per period of technical training. Apprentices can receive up to $16,000 in total loans throughout their apprenticeship.

Canada Apprentice Loan Repayment

Repayment of loan begins 6 months after the apprentice completes their training and interest will start to accrue at that time. The loan can be repaid over a maximum of 10 years.

Apprentice Loan Application Deadlines

3 months before the starts of technical training is the earliest you can submit application & the final day of training is the latest you can apply for a Canada Apprentice Loan.

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How to Apply for Canada Apprentice Loan ?

To apply for Canada Apprentice Loan, apprentices should register for a Canada Apprentice Loan Service Centre (CALSC) online.