Canadian government to offer loans to immigrant professionals

NASC reply at
Wed Apr 18 13:34:57 BST 2012

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  Canadian government to offer loans to immigrant professionals
Canada's government has announced a new pilot program to support new immigrants working in its provinces. The three-year pilot project, known as the Foreign Credential Recognition Loans Pilot, will make it easier for internationally trained professionals to have their credentials recognized and find jobs in their fields. 
For many immigrant professionals, the time and cost it takes to gain the correct credentials in Canada is a significant burden. The Foreign Credential Recognition Loans Pilot plans to develop and test innovative projects that provide financial assistance to internationally trained professionals to lessen some of these financial burdens.

"Today's announcement is part of the Government's commitment to making it easier for immigrants to join the Canadian labour market," said Immigration Minister Jason Kenney. "We want newcomers to be able to use their skills as soon as possible in Canada and work to their full potential. It's good for them and good for the Canadian economy." 
The Saskatchewan Immigrant Access Fund (IAF) project is one of the first organizations selected under the Government of Canada's foreign credential recognition loans pilot. The IAF will provide microloans for immigrant professionals to help finance the cost of having their credentials recognized in Canada. Microloans are small monetary loans where applicants do not need to be employed, do not need to have a credit history in Canada or have collateral. This should ease the financial burden on professionals applying to receive credential recognition.

The provincial government is providing $450,000 to the IAF for the project. IAF has also received more than $1.7 million from the federal government. In total, the Canadian government is expected to invest $18 million over three years for similar projects across the country. 
If you are one of NASC clients and you want to avail this loan ,kindly contact us at drrod at and we shall advise you what to be done 
      We are at NASC pride ourselves to be the ONLY company that provides full package of services (Immigration Credential assessment and licensing registration for all occupation Placement assistance and post landing services ),

for more details kindly attend our office or email us at info at or simply visit one of our 3 websites and fill afree online assessment form and one of our consultant will get back to you shortly .

      Kathryn MacDonald (CCIC) is a Full Member in good Standing of The Immigration Canada Consultants Regulatory Council (ICCRC) 

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