Advanced Search

Marginal note:Definitions — Act and Regulations

• 1 (1) The following definitions apply in the Act and in these Regulations.

  apprentice

  apprentice  means

  • (a) other than in section 5, a person who

    • (i) is a Canadian citizen, a person registered as an Indian under the Indian Act, a permanent residentas defined in subsection 2(1) of the Immigration and Refugee Protection Act or a protected person as described in subsection 95(2) of that Act,

    • [...]

    • (iii) is registered with a province as an apprentice in an eligible trade; and

  • (b) in section 5, a person who is described in subparagraphs (a)(i) and (ii) and who is enrolled in a program of study that is mandatory in order to enable the person to register as an apprentice with a province. (apprenti)

  apprentice loan

  apprentice loan  means a debt obligation incurred by an eligible apprentice on entering into an apprentice loan agreement that is owed to Her Majesty in right of Canada, as represented by the Minister. (prêt aux apprentis)

• (2) The following definitions apply in these Regulations.

  apprenticeship program

  apprenticeship program  means a program of practical experience, technical training and certification examination that must be undertaken — as determined by the province — by an apprentice in an eligible trade. (programme d’apprentissage)

  confirmation of continued apprenticeship

  confirmation of continued apprenticeship  means proof that a borrower is still registered with a province as an apprentice in an eligible trade. (confirmation d’apprentissage continu)

  family income

  family income  means the aggregate income — including income from employment, social programs, investments and monetary gifts — of the borrower and their spouse or common-law partner, as the case may be. (revenu familial)

  guaranteed student loan

  guaranteed student loan  has the same meaning as in subsection 2(2) of the Canada Student Financial Assistance Regulations. (prêt garanti)

  provincial loan

  provincial loan  has the same meaning as in subsection 2(2) of the Canada Student Financial Assistance Regulations. (prêt provincial)

  student loan

  student loan  has the same meaning as in subsection 2(1) of the Canada Student Financial Assistance Regulations. (prêt d’études)

[...]

Marginal note:Definitions — Act and Regulations

• 1 (1) The following definitions apply in the Act and in these Regulations.

  apprentice

  apprentice  means

  • (a) other than in section 5, a person who

    • (i) is a Canadian citizen, a person registered as an Indian under the Indian Act, a permanent residentas defined in subsection 2(1) of the Immigration and Refugee Protection Act or a protected person as described in subsection 95(2) of that Act,

    • [...]

    • (iii) is registered with a province as an apprentice in an eligible trade; and

  • (b) in section 5, a person who is described in subparagraphs (a)(i) and (ii) and who is enrolled in a program of study that is mandatory in order to enable the person to register as an apprentice with a province. (apprenti)

  apprentice loan

  apprentice loan  means a debt obligation incurred by an eligible apprentice on entering into an apprentice loan agreement that is owed to Her Majesty in right of Canada, as represented by the Minister. (prêt aux apprentis)

  severe permanent disability

  severe permanent disability means any impairment, including a physical, mental, intellectual, cognitive, learning, communication or sensory impairment — or a functional limitation — that prevents a person from performing the daily activities necessary to participate in the labour force in a manner that is substantially gainful, as defined in section 68.1 of the Canada Pension Plan Regulations, and is expected to remain with the person for their expected life. (invalidité grave et permanente)

• (2) The following definitions apply in these Regulations.

  apprenticeship program

  apprenticeship program  means a program of practical experience, technical training and certification examination that must be undertaken — as determined by the province — by an apprentice in an eligible trade. (programme d’apprentissage)

  confirmation of continued apprenticeship

  confirmation of continued apprenticeship  means proof that a borrower is still registered with a province as an apprentice in an eligible trade. (confirmation d’apprentissage continu)

  family income

  family income  means the aggregate income — including income from employment, social programs, investments and monetary gifts — of the borrower and their spouse or common-law partner, as the case may be. (revenu familial)

  guaranteed student loan

  guaranteed student loan  has the same meaning as in subsection 2(2) of the Canada Student Financial Assistance Regulations. (prêt garanti)

  provincial loan

  provincial loan  has the same meaning as in subsection 2(2) of the Canada Student Financial Assistance Regulations. (prêt provincial)

  student loan

  student loan  has the same meaning as in subsection 2(1) of the Canada Student Financial Assistance Regulations. (prêt d’études)

[...]

Marginal note:Amount determined by Minister

• 5 (1) For the purposes of section 7 of the Act, the special payment amount for a province as determined by the Minister after consultation with the Chief Statistician of Canada is the amount for the fiscal year that is obtained by multiplying the total costs for the fiscal year for provinces where apprentices registered with those provinces are able to enter into apprentice loan agreements for the fiscal year, by the ratio of the estimated number of persons in the province in question who are at least 16 years of age but less than 65, to the estimated number of persons of those ages in provinces where apprentices registered with those provinces are able to enter into apprentice loan agreements.

• (2) In this section, total costs for a fiscal year means the amount determined by the formula

  A + B - C

  where

  B 

  is the estimated aggregate of

  • [...]

  • (c) the amount of the outstanding principal and interest in respect of all apprentice loans referred to in paragraph (a) for which the borrower’s obligations have terminated in that fiscal year as a result of the death or severe permanent disability of the borrower, and

• Marginal note:Rate of interest

  (3) The rate of interest for the purposes of paragraph (a) of the description of B in subsection (2) is the average percentage yield, during the fiscal year in question, of Benchmark Bonds issued by the Government of Canada maturing in 10 years, as published by the Bank of Canada.

Marginal note:New loan and repayment assistance

• [...]

• Marginal note:Rights in subsection (1) apply

  (4) A borrower, who has been the subject of a measure taken under subsection 6(3) or (4), has received an apprentice loan as a minor and has refused to ratify that loan as an adult, has the rights referred to in subsection (1) if

  [...]

[...]

Marginal note:New loan, interest-free period, repayment assistance

• [...]

• Marginal note:Rights in subsection (1) apply

  (4) A borrower, who has been the subject of a measure taken under subsection 6(3) or (4), has received an apprentice loan as a minor and has refused to ratify that loan as an adult, has the rights referred to in subsection (1) if

  [...]