Canada Apprenticeship Loan
In 2014, the Government of Canada announced the creation of the Canada Apprenticeship Loan (CAL) to provide apprentices registered in Red Seal trades with interest-free loans to assist with the cost of technical training. This program is administered by the Canada Apprentice Loan Service Centre (CALSC) within the Department of Employment and Social Development.
Apprentices who are registered in a Red Seal trade apprenticeship program and meet the eligibility requirements for a CAL may receive:
- Up to $4,000 in loans per period of technical training
- Up to five funded periods of technical training
- Up to six years of interest-free status
Please note that a borrower cannot receive both a Canada Student Loan and a Canada Apprenticeship Loan for the same technical training.