🍁 In Simple Terms
The government can issue up to $400 million in loan advances under the immigration loans program. The combined total of all active loans plus accrued interest cannot exceed that cap at any time.
Affects: Foreign nationals and permanent residents in Canada
Legal Text — IRPR Regulation 290
(1)290 (1) The maximum amount of advances that may be made under subsection 88(1) of the Act is $400 million.
IRPA Authority
In Practice
Related Regulations
Official Source: Justice Canada — IRPR r. 290 (authoritative, may differ from this display)
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