Canada Apprentice Loan
The Canada Apprentice Loan is an initiative of the Government of Canada to help you complete your apprenticeship in a designated Red Seal trade.
Starting in January 2015, you can apply for up to $4,000 in interest-free loans per period of technical training. The money will be available to you to help pay for tuition, tools, equipment and living expenses, to cover forgone wages or to help support your family.
For more information on this loan please visit: http://www.esdc.gc.ca/en/support_apprentices/loans.page
The Loans for Tools program offers new apprentices a loan to help purchase the tools and equipment needed to perform the trade in which they are registered. It is available to apprentices who are registered with the Ministry of Training, Colleges and Universities.
For more information, please contact:
Ontario Ministry of Training, Colleges and Universities - Loans for Tools Program
Toll free: 1 800 313-1746
MTCU Loans for tools website