Apprentice loans In the most recent budget, the new Canada Apprentice Loan was announced. Apprentices registered in their first Red Seal trade apprenticeship will be able to apply for interest-free loans of up to $4,000 per period of technical training. Interest charges and repayment of Canada Apprentice Loans will not begin until after loan recipients complete or terminate their apprenticeship training program. At least 26,000 apprentices per year are expected to apply for over $100 million in loans. Further details are expected over the coming months. http://actionplan.gc.ca/en/initiative/canada-apprentice-loan |
