Atlantic Canada Business Grants

Red Seal Trades

Canada Apprentice Loan

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Amount:

$4,000.00

Type of Program:

Loan

Description:

The Canada Apprentice Loan is available to help registered Red Seal apprentices cover the cost of their training, for up to 5 periods of technical training. The money can be used to help pay for tuition, tools, equipment and living expenses, to cover forgone wages or to help support the family. 

Comments on Funding:

Funding is up to $4,000 in interest-free loans per period of technical training.
The loan will be interest-free for up to 6 years as long as the apprentice is confirmed as being registered in a Red Seal Trade apprenticeship program.
Payments have to be made only after the applicant completes or leaves his apprenticeship training program.

When It Ends:

Ongoing

Deadline:

Rolling Deadline

Eligibility:

The applicant must:

  • be a Canadian Citizen, Permanent Resident, or Protected Person,
  • be registered in a Red Seal Trade apprenticeship program that is designated by the province or territory where he is registered as an apprentice,
  • be enrolled in block release technical training or the equivalent full-time technical training with an approved technical training provider,
  • pass a credit check (required if applying for the first time).

Application Steps:

The applicant must:

1

register for a Canada Apprentice Loan online service account,

2

include his banking information and agree to Terms and Conditions of applying for and receiving a Canada Apprentice Loan,

3

submit his application online,

4

apply the earliest 3 months before his technical training starts and the latest in the last day of his technical training.

Documentation Needed:

The applicants must attach to the application the following documentation:

  1. 1
    a copy of a valid photo identification issued in Canada by the federal or a provincial/territorial government,
  2. 2
    a copy of a document proving that the Social Insurance Number (SIN) on the application and agreement is theirs,
  3. 3
    a copy of their Permanent Resident Card, Confirmation of Permanent Residence, or Record of Landing document issued by Citizenship and Immigration Canada, if they are permanent residents,
  4. 4
    a copy of their Notice of Decision issued by the Immigration and Refugee Board, Verification of Status document issued by Citizenship and Immigration Canada, or Protected Person Status Document issued by Citizenship and Immigration Canada, if they are protected persons. 

Program Contact:

​Canada Apprentice Loan

​Canada Apprentice Loan Basics​​​

​Applying for a Canada Apprentice Loan​​​