Financing is available through TD Canada Trust and other banking institutions. The driver training courses are not long enough to be eligible for provincial and federal loans. Many students finance their training through TD Canada Trust.
TRU does not charge taxes on any of its courses. Tuition fees are tax deductible.
If you are receiving Employment Insurance benefits, or if you have been on Employment Insurance in the last three years, you may qualify for training funds. Contact your local Employment Office.
If you are trying to obtain funding through Employment Insurance, contact us and we will help you with your back-to-work action plan.
RRSP – Lifelong Learning Plan
The Lifelong Learning Plan (LLP) allows you to withdraw amounts from RRSPs to finance training or education for you or your spouse or common-law partner. As a designated post-secondary institution, we are recognized by the Canada Revenue Agency. The RRSP Lifelong Learning Plan allows an individual to:
- Withdraw tax-free up to $10,000 per year to a total of $20,000
- The withdrawal must be from the student’s personal RRSP or his or her spouse’s or common law partner's RRSP. The rules do not allow a withdrawal from a parent's RRSP.
- The funds must be repaid within 10 years.