After months of research and development, Prep Doctors and Transitions Group have come together to create a comprehensive, hands-on course for dentists taking their first steps into the Canadian market. Entering the Dental Market (EDM) is an introductory course of our new Dental Practice Management program offered in two streams: new associate and new practice owner. EDM follows the new associate stream.
Our expert instructors will help newly registered (or soon-to-be registered) dentists identify their strengths and interests, draft a resume, find the right opportunities, and craft a bio to help that will help them create a name for themselves. Participants will also learn how to network in dentistry’s highly connections-influenced industry. They will also get key advice and tips to ace interviews and layout a 90-day plan for success as a dental associate.
With more than 1,300 newly registered dentists entering the profession annually in Canada, combined with today’s unprecedented economic challenges, the market for dental associate positions has never been more competitive. With our partnership with Transitions Group on this course and the entire Dental Practice Management program, we are looking to create the complete guide to getting you hired at your dream job.
To learn more about Prep Doctors, our continuing education courses or to register to Entering the Dental Market (EDM), click here.
How to Finance Canadian Dental Equivalency in 2021
For our first Live session of 2021, our Prep Doctors Marketing Lead, Uthman Quick, got a chance to sit down with our in-house financial expert Ahmed Youssef, CIBC Business Development Manager Simon Belz and Sidney Coles Manager for Key Partnerships at Windmill Microlending to focus on the financing options available in 2021.
The panel shares some advice on managing credit in Canada and delves deeper into loan options available in 2021.
View the full discussion below:
We have listed some of the resources that we discussed during the session along with the contact details and website links. Please note that as our finance expert Ahmed Yossef said, the availability and approval of loans will vary for each candidate.
Financing Options – There are 3 main types of loans
1) FCR Loans Programs
Foreign Credential Recognition or FDR loan programs are funded by the government. The interest rate on these loans varies but it is usually around prime + 1% to 2%. FCR loans provide a line of credit of up to $15,000 and are paid back like normal loans. In the list below, you will find some FCR Loans programs and consultants we have worked with within the past. If you are not eligible for the programs listed below, we recommend visiting immigration information centres in your area and inquiring about local foreign loan credential programs.
Basic requirements to qualify:
NDEB registration approval
PR / Approved Refugee / Canadian Citizenship
Study Plan
List of FCR Loans Programs:
Our recommended programs:
Achēv
Contact: Ruwaida Al-Kubaisi (Career & Training Counsellor)
Foreign Credential Recognition Loans Program
50 Burnhamthorpe Rd W #300, Mississauga, ON L5B 3C2
Email: ral-kubaisi@tcet.com
Phone: (647) 394- 5978
Access Community Capital Fund 401 Richmond St. W, Suite 375, Toronto, ON, M5V 3A8
Email: info@accessccf.com
Phone: (416) 462-0496
Progressive Intercultural Community Services Society (PICS) Surrey Head Office: #205 12725 80th Avenue, Surrey, BC, V3W 3A6
Phone: (604) 596-7722
Immigrant Services Society of British Columbia
2610 Victoria Dr. Vancouver, BC V5N 4L2
info@issbc.org
(604) 684-2561
Welland Heritage Council and Multicultural Center 26 East Main St. Welland, ON L3B 3W3
Toll-Free: 1-888-764-9041
info@wellandheritagecouncil.com
The Learning Enrichment Foundation 116 Industry Street M6M 4L8, Toronto, Ontario, Canada
(416) 769-0830
2) Govt Approved Private Lending Organizations
These loan programs are administered by private organizations and are partially funded by the government. The loans are up to $15,000 and the interest rate is usually prime + 1% to +2%. These loans are recommended for candidates who want to build credit and eligibility for future loans. Windmill Microlending (listed below) is also now partnering with CIBC and is the gateway into a loan once you complete the AFK exam.
Basic requirements to qualify:
NDEB registrations approval
PR / Approved Refugee / Canadian Citizenship
Study plan
This loan provides a line of credit of up to $100,000 in intervals and bundles it with some attractive offers. As mentioned above CIBC is now in partnership with Windmill Microlending, meaning that if you haven’t cleared the AFK exam you would need to start with Windmill. After completing AFK you will be able to apply for this much larger loan that will help you complete the process.
Basic requirements to qualify:
NDEB registration approval
Permanent Residency / Canadian Citizenship
650 or above credit score
Study plan
Sign up for our financing newsletter to get a list of CIBC’s national advisors.
In 2017, Prep Doctors was recognized by the Government of Canada as a certified educational institution. More recently, our institution was listed alongside private institutions allowing qualifying students to receive the Canada Emergency Student Benefit (CESB).
This status is important for Prep Doctors and its trainees and is born out of a lot of hard work by our team. To be clear, this benefit does not apply to every trainee – below you will find some of the eligibility criteria to help you determine if you can receive this benefit.
To be eligible for CESB you must meet the following criteria:
1) A Canadian Citizen, Permanent Resident, Registered Indian, or Protected Person
2) You are studying in Canada or abroad
3) One of the following applies to you:
– You are enrolled in a post-secondary educational program (at least 12 weeks long in duration) that leads to a degree, diploma, or certificate
– You completed or ended your post-secondary studies in December 2019 or later
– You completed or expect to complete high school, or received, or expect to receive your high school equivalency in 2020, and have applied for a post-secondary educational program that starts before February 1, 2021
The following is a list of ongoing/upcoming programs at Prep Doctors that are at least 12 weeks:
Before applying, we urge you to ensure you are eligible for the benefit and seek professional advice where necessary if you have any questions that relate to requirements.
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