Grants and subsidies to grow your business
Canada is a nation that supports its small businesses. Learn where to find your share.
Canada is a nation that supports its small businesses, as evidenced by our numerous government programs, incentives, subsidies and grants worth billions of dollars. Learn where to find your share.
You owe it to your business to explore every feasible funding option, and that should include available grants and subsidies.
Canada offers numerous financial incentives designed to support your small business—from wage subsidies to help cover payroll costs, to marketing funds to supporting a promotional campaign. However, don’t expect the government to simply cut you a cheque: government grants and subsidies are intended to aid particular types of businesses doing particular things.
Use these 3 suggestions to help find grants and subsidies for your business.
The wheels of government move slowly. Some grants set specific application deadlines—if you miss it this year, you may have to wait until next year. So allow a generous timeline while you pursue any government funding because the application, review and approval process will probably take longer than expected.
Your business cannot survive on government financing alone. Take a layered approach when it comes to raising cash by pursuing funds from multiple sources including banks, investors, friends, family and your own savings. That way any money from the government is a pleasant bonus.
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