|Funding Options for Your Education||Bank Solutions|
|The decision to invest in your education and career training is one of the most important decisions you’ll ever make. Once you’ve taken that important step, the next question is how to pay for it.
If you’re not sure how to finance your education, we can help you on selecting the most suitable funding option for your education. The links below will provide some information on these options. For detailed information please contact us and speak with a qualified advisor.
|Most Canadian banks and credit unions offer student loan or lines of credit to finance your education. Please visit your bank or go to the following link to find out more information.
|ESDC (Employment and Social Development Canada)||Registered Education Savings Plans|
|The Government of Canada is helping to create an educated, skilled and flexible workforce by investing in programs that help individuals and businesses succeed in today’s economy and prepare for the jobs of the future. The Employment Insurance (EI) program
provides temporary income support to unemployed workers while they look for employment or to upgrade their skills.
|Students who have been named a beneficiary under a family members Registered Education Savings Plan (RESP), may use funds from the RESP to finance their education.|
|Canada Job Grant||Lifelong Learning Plan|
|The Canada Ontario Job Grant (C.O.J.G.) provides an opportunity for employers to invest in their workforce with help from the government. The Job Grant will provide direct financial support to individual employers who wish to purchase training for their employees. Provide up to $10,000 in government support per person for training costs. Require employers to contribute one-third of the total costs.
There will be additional flexibility for small businesses to provide an in-kind contribution towards their share of the costs. Require training to be delivered by an eligible, third-party trainer.
If you’re an employer with a particular skills demand,the Canada-Ontario Job Grant might be
right for you. Applications will be accepted on an ongoing basis.
For more information, please visit http://www.tcu.gov.on.ca/eng/eopg/cojg/
|The Lifelong Learning Plan (LLP) allows you to withdraw amounts from your RRSPs to finance full-time training or education for you or your spouse or common-law partner. For more information, please go to the following link: