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Increase to Immigration Loans Program Funding

Validated finding · five-country-2010-20260922-v118-evidence-presentation-fix

CountryCanada
Operative dateJune 21, 2022
CategoryResidence
Policy toolFees
Affected groupNew applicants

Policy effect

The government amended the Immigration and Refugee Protection Regulations to increase the maximum funding limit for the Immigration Loans Program from $126.6 million to $250 million, supporting refugee resettlement costs.

Conditions and exceptions

Validated condition or limit: The government amended the Immigration and Refugee Protection Regulations to increase the maximum funding limit for the Immigration Loans Program from $126.6 million to $250 million, supporting refugee resettlement costs.

Official source excerpt

Quoted verbatim from the official source below. Ellipses indicate omitted text.

. Regulations Amending the Immigration and Refugee Protection Regulations (Immigration Loans Program) Amendment 1 Subsection 290(1) of the Immigration and Refugee Protection Regulations footnote 1 is replaced by the following: Maximum amount 290 (1) The maximum amount of advances that may be made under subsection 88(1) of the Act is $250,000,000. Coming into Force 2 These Regulations come into force on the day on which they are registered. REGULATORY IMPACT ANALYSIS STATEMENT (This statement is not part of the Regulations.) Issues The Immigration Loans Program provides foreign nationals who intend … amount that may be advanced to grant loans through the program. Enable and facilitate the resettlement of higher levels of refugees, including the Government’s commitment to resettle at least 40,000 Afghan nationals to Canada, through an accessible and affordable loans program. Description Subsection 290(1) of the Regulations is amended to increase the total allowed advance amount from the Consolidated Revenue Fund for the Immigration Loan Program from $126.6 million to $250 million. Regulatory development Consultation The regulatory amendment relates to an internal process to ensure the continued …
Canada GazetteCanada Gazette. Increase to Immigration Loans Program Funding. Effective 2022-06-21.Open official source
Retrieved from https://gazette.gc.ca/rp-pr/p2/2022/2022-07-06/html/sor-dors149-eng.html

Review method

Two separate automated exact-claim source reviews

Automated source validation is not independent human legal review. The finding should not be treated as legal advice. Record fcp-087f0e94712512ef58e4. Something wrong? Flag this record.

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