🍁 In Simple Terms
A government immigration loan becomes due one year after the borrower enters Canada (for transportation loans) or one year after the loan was made (for other loans). The full amount, including any interest, must be repaid within the period set out in the repayment schedule.
Affects: Foreign nationals and permanent residents in Canada
Legal Text — IRPR Regulation 291
(1)291 (1) Subject to section 292, a loan made under section 289 becomes payable
(2)(2) Subject to section 292, a loan made under section 289, together with all accrued interest, if applicable, must be repaid in full, in consecutive monthly instalments, within
Cross-References
r. 292section 289
In Practice
Related Regulations
Official Source: Justice Canada — IRPR r. 291 (authoritative, may differ from this display)
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