apprentice loans act

Marginal note:Receipt and Deposit of Public Money Regulations, 1997. An Act further to amend the Apprentices Act, 1961. - If personal injury is caused to an apprentice, by accident arising out of and in the course of his training as an apprentice, his employer shall be liable to pay compensation which shall be determined and paid, so far as may be, in accordance with the provisions of the Workmen's Compensation Act, 1923 (8 of 1923), subject to the modifications specified in the Schedule. 1 - Short Title; 2 - Interpretation; 3 - Purpose; 4 - Apprentice Loans; 7 - Special Payments; 8 - Interest-free and Deferral Periods; 8.1 - Period — March 30, 2020 to September 30, 2020; 9 - Death or Disability of Borrower; 11 - Maximum Amount of Outstanding Apprentice Loans; 12 - Regulations; 13 - General; Regulations made under this Act “Canada Apprentice Loan” means an apprentice loan … An agreement may provide for, but is not limited to, any matter referred to in the regulations. Act no stamp duty shall be payable on a contract of apprenticeship entered into after the coming into force of this Act. The executive summary on the cost-benefit of the program (scroll down a bit) reads as follows: The Canada Apprentice Loan (CAL) will cost the Government of Canada (GoC) $74 million over 10 years, from 2014–15 to 2023–24. Marginal note:Definitions 1. Legislation. The year of your apprenticeship determines the amount you may receive.There is no waiting period to claim. “Canada Apprentice Loan” means a loan made under the ALA. “Canada Student Grant” means a grant made under the CSFAA. They have their own legislation, the Apprentice Loans Act, which became law last year via the budget omnibus legislation. I certify that I am not currently in default of any Canada Student Loans and/or Canada Apprentice Loan. 12 (1) The Governor in Council may make regulations. The act was amended twice in 1973 and 1986. (s) generally, for carrying into effect the purposes and provisions of this Act. With the Canada Apprentice Loan, you can get up to $4,000 in … Canada Student Loans Act (CSLA) and Regulations (CSLR), and the A pprentice Loans Act (ALA) and Regulations for the administration of the Canada Student Loans Program (CSLP) and/or the Canada Apprentice Loan (CAL). borrower means a person to whom an apprentice loan is made under the Act. The bill was presented before the parliament during 1961 and was enforced from 1stJanuary 1963. (1) This Act may be called the Apprentices (Amendment) Act, 2014. 1 - Interpretation; 2 - Obtaining an Apprentice Loan; 3 - Interest-Free Period; 4 - Payment of Principal and Interest; 5 - Special Payments; 6 - Restrictions on Obtaining Financial Assistance; 7 - Removal of Restrictions; 8 - Apprentice Loan Limit; 9 - Maximum Aggregate Amount of Outstanding Apprentice Loans Apprentice Loan Act (ALA) and Apprentice Loan Regulations (ALR) for administration of the Canada Apprentice Loan (CAL) program. Marginal note:Maximum aggregate amount of outstanding apprentice loans. 5 (1) The Minister may enter into an agreement or arrangement with any corporation incorporated under the laws of Canada or a province and carrying on business in Canada (in this section referred to as a “service provider”), respecting the administration of apprentice loans made by the Minister. 11 The aggregate amount of apprentice loans made under this Act that are outstanding may not exceed the prescribed amount. ... as the date the apprentice has commenced in an apprenticeship with the same or another employer, to continue working towards an incomplete apprenticeship. An apprentice is not a workman throughout the apprentice training program. You can receive up to $21,542 over the life of the apprenticeship (lifetime limit in 2020-21). 3 The purpose of this Act is to assist eligible apprentices by making loans available to them. (2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint. Marginal note:Externally produced material, (4) A regulation made under this section may incorporate by reference documents produced by a person or body other than the Minister, including by. eligible trade 1.1. eligible trade means 1500/- per month per apprentice is reimbursed to such establishments by the Government of India to engage apprentices. (2) In this Act, the words and expressions apprentice, apprentice loan, borrower, eligible apprentice, technical training and technical training period have the meanings assigned by the regulations. (1) Subject to section 6 of these Regulations and section 15 of the , the Minister must on application … Marginal note:Financial terms and conditions. 5 List of occupations for which skilled persons are a priority (the Act… The Social Insurance Number (SIN) is collected under the authority of the ALR and in accordance with the Treasury Board Secretariat Directive on the Social 10 (1) All obligations of a borrower in respect of an apprentice loan terminate if the Minister is satisfied, on the basis of information specified by the Minister and provided by or on behalf of the borrower, that the borrower, by reason of the borrower’s severe permanent disability, is unable to repay the loan and will never be able to repay it. Country: Canada: Subject(s): Education, vocational guidance and training: Type of legislation: Law, Act The Canada Apprentice Loan is an initiative of the Government of Canada to help you complete your apprenticeship in a designated Red Seal trade. 2 (1) The following definitions apply in this Act. This is a point worth underlining – it means that these loans are administered on a different legal basis than Canada Student Loans. Marginal note:Suspension or denial of apprentice loans, 6 The Minister may suspend or deny the making of apprentice loans to all those who are eligible apprentices participating in technical training provided by a technical training provider if the Minister is satisfied that there are compelling reasons to believe that the making of the apprentice loans would, (a) facilitate the commission by the technical training provider of an offence under this Act or any other Act of Parliament; or. 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