FINANCIAL OPTIONS

Direct Payment

Lifelong Savings Loan
The Lifelong Learning Plan (LLP) allows you to withdraw amounts from your registered retirement savings plan (RRSPs) to finance full-time training or education for you or your spouse or common-law partner. You cannot participate in the LLP to finance your children’s training or education, or the training or education of your spouse’s or common-law partner’s children

Please follow the link below for more information.

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/rrsps-related-plans/lifelong-learning-plan.html

RESP
A Registered Education Savings Plan (RESP) is a special savings account for parents who want to save for their child’s education after high school.

Please follow the link below for more information

https://www.canada.ca/en/services/benefits/education/education-savings/resp.html

Second Career

This program gives a chance for employees who through no fault of theirs have lost their jobs and cannot find work because of a lack of skills being sought by employers. The government has a program in place to assist these employees to retrain to enter the dynamic job market.

Please follow the link below for more information

https://www.ontario.ca/page/second-career

OSAP

Eligible Ontario residents may qualify for financial assistance from the government

Please follow the link below

https://www.ontario.ca/page/osap-ontario-student-assistance-program