Internationally Trained Worker Loan Program

There are over 2.9 million Internationally Trained Workers (ITWs) in Canada – including skilled immigrants and Canadians with international training or education. For many ITWs, a lack of foreign credential recognition is a significant barrier to achieving employment and effective labour market integration. Foreign credential recognition is the process of verifying that the education and job experience obtained in another country is equal to the standards established in Canada.

The Internationally Trained Worker Loan Program provides ITWs (residing in southwestern Ontario) access to the funds necessary to achieve foreign credential recognition and employment outcomes commensurate with their international education, skills and experience.  Loans assist ITWs in covering the direct and indirect costs related to foreign credential recognition, including:

  • Qualification assessment
  • Exam and Licensure fees
  • Tuition fees for training and skills upgrading
  • Books and course materials
  • Professional association fees
  • Other costs relating to obtaining accreditation/training as required
Lab worker

Are you Eligible?

Eligible applicants must:

  • be a Canadian Citizen, Permanent Resident or person granted refugee status in Canada with a work permit
  • be a resident of southwestern Ontario
  • be recommended by the Access Centre for Regulated Employment
  • have proof of a professional credential/designation obtaining in a country other than Canada
  • be deemed credit worthy by Libro

Terms & Conditions

  • ITWs may borrow up to $10,000
  • Interest rate will be variable and accrue at Libro Credit Union’s prime rate plus + 1.0% per annum.
  • Loan funds are advanced as ITWs progress on their career work plan.
  • ITWs have up to four years to repay the loan.  Maximum two years of payment of interest only and for the next two years of payments, principal and interest are applied
  • Payment of interest only is based on the amount ITWs have used up to that time.

How to Apply

Loan applications are recommended and approved through the program’s delivery partners -  The Access Centre for Regulated Employment and Libro Credit Union.  Application packages may be obtained from the Access Centre for Regulated Employment.

Applications must include:

  • proof of immigration status
  • a copy of the applicant’s licensure/certification plan with supporting documents
  • updated resume
  • copy of Degree, Diploma, or Credential
  • information on the training or assessment program in which the applicant wishes to enroll.

Funding Acknowlegements

The ITW Loan Program is a program funded by the Government of Canada in partnership with WIL Employment Connections. Loan applications are processed through the program’s delivery partners – the Access Centre for Regulated Employment and Libro Credit Union.

Government of Canada

This project is funded by the Government of Canada’s Foreign Credential Recognition Program.