Financing

Postsecondary education is a large investment. Under the administration of the financial aid officer, CADH has several payment options available:

ONTARIO STUDENT ASSISTANCE PROGRAM

OSAP is a program funded by the provincial and federal governments the the National Student Loans Service Center. OSAP is a needs-based program. This means that it provides loans,grants,scholarships and bursaries based on a formula that compares your educational costs to expected contributions from your parents or your spouse/partner (if applicable) and your own income and assets. OSAP provides eligible students with financial assistance to help them pay for their tuition, books, mandatory fees, living costs and transportation. Loans,grants, scholarships, and bursaries are all administered through a single application. For more information please speak with the financial aid office at CADH or visit the OSAP website at www.osap.gov.on.ca. (To locate CADH on the OSAP website, simply enter "The Canadian Academy" in the search bar.)

STUDENTS FROM OUTSIDE ONTARIO

Students who are from outside of Ontario may be eligible for loans, bursaries and grants which are administered by Student Financial Assistance Offices in the individual's province. Please visit the Government of Canada CanLearn website at: www.canlearn.ca/eng/main/help/contact/cao.shtml. Our financial aid office would be pleased to answer any questions related to this area.

THE LIFELONG LEARNING PLAN:

WITHDRAWALS FROM RRSP (REGISTERED RETIREMENT SAVINGS PLANS)

The Canada Revenue Agency Lifelong Learning Plan (LLP) allows you to withdraw amounts from your RRSP'S to finance education for you , your spouse (or common law partner). You may withdraw up to $10,000 per year to a maximum of $20,000. For more information visit the Canada Revenue Agency website at: www.cra-ac.gc.ca/tx/ndvdls/tpcs/rrsp-reer/llp-reep/menu-eng.html. You may also wish to speak with our financial aid office.

MONTHLY PAYMENT PLANS

Monthly payment plans can be arranged through our admissions office. There is no credit check or co-signor required. Furthermore, there is no interest applied to the outstanding balance.

REGISTERED EDUCATION SAVINGS PLANS

You may use funds from a Registered Education Savings Plan (RESP) if you have been named a beneficiary under a family member's plan. You are encouraged to contact the financial institution holding the plan. Speak with the financial aid office at CADH. In addition you may visit the Government of Canada web site at www.canlearn.ca/eng/saving/resp.index.shtml

EMPLOYMENT ONTARIO

The Ministry of Training, Colleges and Universities (MTCU) in Ontario administers programs that help students who are presently unemployed and have qualified for unemployment insurance. Please speak with the financial aid office for more details regarding such programs.

We hope this information is helpful to you. Please contact us at 905 278 2794, 1 866 899 9091 or e mail This e-mail address is being protected from spambots. You need JavaScript enabled to view it if we can be of further assistance.

Financing

Links to Sources of Funding