Funding For Training

Canada Alberta Job Grant

The Canada-Alberta Job Grant is a training program where an employer applies on behalf of their employee(s) for eligible training costs. Employers decide who gets training and what type of training may be needed for their employees. Below is the link to the applicant guide and necessary paperwork to apply. This funding is available to farms as well as other industries.

https://www.alberta.ca/canada-alberta-job-grant.aspx

RESP Withdrawals

Magnified is a certified educational institution with the CRA therefore we are eligible as an receiver of RESP contributions for the MELT program. You are also able to claim your tuition amounts under the educational tax credit on your income tax. Contact your financial institution for more details.

RRSP Withdrawals

As Magnified is certified as an educational institution we are also an eligible receiver of RRSP contributions thru the Lifelong Learning Program administered by the government. This allows RRSP holders to withdraw funds for a interest free loan to themselves to fund their education. Please see the link below for the RRSP lifelong learning program.

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

Paybright Financial

We are also happy to be partnered with Paybright Financial who offer loans to our students at reasonable rates with quick decisions. Follow the link below for more information: