Canada Emergency Funding Updates

Happy coming Canada Day! I hope you have some plans to enjoy it even though it is in the middle of the week.

I wanted to take this opportunity to update you on some of the emergency funding programs.

Canada Emergency Wage Subsidy (CEWS)

The program has been extended for three more months until August 29, 2020. To qualify for the next subsidy period (June 7 to July 4, 2020), your business must demonstrate a revenue reduction of at least 30% in June 2020 compared to June 2019 or the average of January and February 2020. Eligibility criteria for future periods will be clarified later. The program will still provide 75% of the monthly payroll to qualified companies up to a maximum of $847 per week per employee.

Canada Emergency Business Account (CEBA)

Eligibility criteria to get this $40,000 interest-free loan have been changed. To qualify for the loan, your payroll expenses in 2019 must be at least $20,000. 25% of the loan amount is still forgivable as long as you meet all criteria and use the loan to pay for non-deferrable expenses.

Regional Opportunities Investment Tax Credit (ROITC)

This 10% refundable Corporate Income Tax credit was introduced to provide tax relief to businesses that build, renovate or purchase eligible commercial and industrial buildings in regions of the province where employment growth has been significantly lagging the provincial average.

Does your business qualify for the above and other government funding programs? Fill out Eligibility Check form at http://www.fgwinc.ca/eligibility to find out.

Is your business adversely impacted by the economic crisis caused by the pandemic? Check out Canadian government anti-crisis incentives.
Please stay at home if you can. We will get through this together. Our team is fully available.

Digital Main Street

Amount: Through the $57-million contribution to the Digital Main Street platform, businesses will be able to take advantage of three new programs to support their digital transformation.

Get Started

Government Funding for Online Advertising Clarified

In the blog post from a couple of weeks ago, we mentioned that the government funding is now available for online advertising with CanExport Program. Since then, we received many questions about it and wanted to share the answers on the most important ones.

1. What are the examples of eligible online advertising costs?

Paid advertising in search engines (Google, Yahoo, Bing, etc.), paid advertising in social media (Facebook, LinkedIn, Instagram, YouTube, etc.), paid advertising in blogs (e.g. product reviews and endorsements by celebrities).

2. What is the maximum amount of government funding for online advertising costs?

75% of your expenses up to a maximum of $20,000

3. Can I use CanExport program to pay for online advertising in Canada?

No. The purpose of CanExport program is to help Canadian businesses expand into new export markets. Marketing and advertising expenses to grow the business in Canada are not eligible.

4. What is the definition of the “new export market”?

An export market is considered new if, during the company’s last complete tax reporting year, sales figures for that particular market were:

  • Less than $100,000 or
  • Less than 10% of the company’s total sales (domestic and international sales)

Please note that the US is broken down into 4 regional sub-markets. It means that if you already sell on the East Coast, you are eligible to market your products to the customer on the West Coast.

5. We need to produce, adapt or translate my marketing materials to advertise online to the foreign audience. Do we qualify?

Yes, the government provides 75% of such expenses up to a maximum of $75,000.

Does your business qualify for the above and other government funding programs? Fill out Eligibility Check form at http://www.fgwinc.ca/eligibility to find out.

CHECK ELIGIBILITY

Is your business adversely impacted by the economic crisis caused by the pandemic? Check out Canadian government anti-crisis incentives.
Please stay at home if you can. We will get through this together. Our team is fully available.

Industry 4.0 Funding is here

A crucial part of a post-COVID economic recovery in manufacturing is improving productivity and re-shoring through the adoption of Industry 4.0 solutions. But which Industry 4.0 solution is right for you? Now that the government provides 100% reimbursement of Industry 4.0 assessment cost, you can get the answer free of charge.

Technology Assessment Program run by the Canadian Manufacturers & Exporters (CME) reimburses 100% of Industry 4.0 assessment cost up to a maximum of $25,000. You must be a manufacturer located in Ontario and have at least 15 employees at the time of the application.

The assessment must be conducted by one of the qualified providers listed on the program’s website. For example, our friends at Memex are such providers.

You can use these funds toward a pilot (proof of concept) to install Industry 4.0, IIoT software on your machines and assess the benefit to your business. With Data-Driven Manufacturing, there is often a 10% to 50% improvement in efficiency driving profits and competitive edge. This is what the federal government wants for Ontario manufacturers, so much so, they will fund it.

If you are considering getting into real-time machine monitoring, take the following steps.

  1. Fill out your contact details to pre-qualify here https://cme-mec.ca/technology-assessment-pre-qualify-now. It will take 2 minutes.
  2. You will be sent an intake form to determine eligibility.
  3. When filling out that form, ensure you specify Memex as the Qualified Service Provider (QSP), use QSP number QSP2020012.
  4. CME accepts you to the program.
  5. Memex provides you with a quotation, including a budget for the assessment project.
  6. You send in the Memex proposal to CME, attach to your application.
  7. CME accepts your application within 10 business days and gives the authorization to proceed.
  8. Memex performs the assessment and delivers a final report within 90 days.
  9. You submit a Claim Form within 30 days after completing the project to get a reimbursement of 100% of the assessment cost.

If you have any questions about Memex solutions, contact John RattrayJohn.Rattray@MemexOEE.com, or call him (416) 460-7637.

Does your business qualify for the above and other government funding programs? Fill out Eligibility Check form at http://www.fgwinc.ca/eligibility to find out.

Which Funding Programs Are Still Available?

We’ve all been living in the crisis mode for about three consecutive months. It is now time to accept the reality as a new normal and get back to the plans we had for our businesses before the pandemic.

The good news is that most government funding programs to support your business growth and solving its most pressing challenges are still available. Here are some of them.

Canada-Ontario Job Grant provides 50%-83% of the training cost. Online training is eligible. If you postponed employee training due to pandemic, ask your trainers if they can deliver the training online.

IRAP Youth Employment program provides up to 80% of the salary of the science and engineering graduates you may hire. Other hiring incentives are also available.

The famous SR&ED Tax Credit program now conducts online audits and claim reviews. The program is open for applications. Your business may be eligible to claim 60% of the labour cost spent on research and development.

Business Expansion grants and loans, such as SWODFEODF and BSUP, are still available. If you’ve been thinking of expanding your building and buying equipment before the crisis, it is time to revisit your plans and apply for one of the expansion funds.

Last but not least, the CanExport program is still available. This program compensated 75% of international business travel and trade show expenses. Now that the business travel is not an option, you can apply for the funding to get regulatory approval to export your product, e.g. FDA approval. Participation in virtual trade shows and conferences and online advertising is now eligible, as long as you are pursuing export market opportunities.

Does your business qualify for the above and other government funding programs? Fill out Eligibility Check form at http://www.fgwinc.ca/eligibility to find out.

CHECK ELIGIBILITY

Is your business adversely impacted by the economic crisis caused by the pandemic? Check out Canadian government anti-crisis incentives.

ANTI-CRISIS INCENTIVES

Please stay at home if you can. We will get through this together. Our team is fully available.

75% Off Your Business Rent. Do You Qualify?

Have your monthly sales in April, May and June 2020 projections dropped at least 70% compared to the same months last year?

If your business made less than $20 million in revenue last year and your monthly rent does not exceed $50,000, you may qualify for Canada Emergency Commercial Rent Assistance (CECRA).

BUT! Your Landlord Must Apply, not you.

If you meet the above criteria, do yourself a favour. Forward this article to your landlord and have him or her contact me to discuss how they can take benefit from the program and cut 75% off your monthly rent for April, May and June 2020.

Please stay at home if you can. We will get through this together. Our team is fully available.

Tip #4: Emergency Wage Subsidy Calculation

The Canada Emergency Wage Subsidy has been extended past June 6. On one hand, it is a good news if your business is in trouble. On the other hand, it is an evidence of how bad the economy is. There will be a long way to recovery. The updated eligibility rules will be published in the next few weeks and we will update you.

I recently shared with you 3 pitfalls about the Emergency Wage Subsidy you need to be aware of. If you missed them, here is the link. I am happy to share the 4th one with you.

4. Misalignment between your pay periods and eligible pay periods

Chances are, that your payroll expenses are inconsistent month after month and week after week. Chances are, that you pay periods do not match the eligible pay periods:

  • March 15 – April 11, 2020
  • April 12 – May 9, 2020
  • May 10 – June 6, 2020, etc.

To align you pay periods with eligible periods, break down your payroll and pay periods accordingly. For example, if your pay period is a calendar month, and your payroll is $10,000 in March, and $12,000 in April, here is how you calculate eligible payroll:

  • $10,000 X (17/31) = $5,484 i.e., the payroll for eligible 17 days of March.
    +
  • $12,000 X (11/30) = $4,400 i.e. the payroll for eligible 11 days of April.
    =
  • $9,884. This is the eligible payroll you can claim the wage subsidy against.
    Do not use monthly average!

The math gets even more complex if you pay weekly or biweekly and your pay periods don’t align to the eligible ones.

How to Apply? Apply via My Business Account with Canada Revenue Agency.

WHY CHOOSE US TO WRITE YOUR APPLICATION?

  • Trusted partner with 7 years of experience in government funding applications writing. You need a partner with expertise, not someone who happens to have access to your payroll.
  • Program complexity. The Emergency Wage Subsidy is not as easy as it seems. Review the program rules and decide for yourself.
  • Maximum benefits. Our deep understanding of the program will help you get the most out of it.
  • Fair fees. We will not take advantage of fellow Canadians in trouble and offer a fair and reasonable fee for wage subsidy applications.

CLICK HERE TO GET HELP WITH EMERGENCY WAGE SUBSIDY APPLICATION

Please stay at home if you can. We will get through this together. Our team is fully available.

ANTI-CRISIS SOLUTION

Agri-Food Open for E-Business – Targeted Intake

Amount: Up to $5,000

Get Started

Commercial Rent Relief is on the way

Are you a commercial tenant struggling to meet monthly rent due to the business slowdown or shutdown?

Are you a commercial property owner with struggling tenants?

The relief is on its way. The Canada Emergency Commercial Rent Assistance Program is a forgivable loan provided to the commercial property owners with struggling tenants that will cover 50% of the landlord’s fixed commercial property expenses. The loan will be forgiven if the landlord reduces the rent by at least 75% and sign a no-eviction agreement with the tenants. The application intake will start in the next few weeks, but the program is retroactive to April 1, 2020.

Eligibility Requirements

Eligible Small Business

  • Pays monthly rent not exceeding $50,000 in gross rent payment;
  • Generates no more than $20 million in annual pre-crisis sales;
  • A non-essential small business that has temporarily closed by the provincial or territorial government order;
    OR
  • Is experiencing a 70% drop in pre-crisis revenues (determined by comparing revenues in April, May or June to the same month in 2019 or compared to average revenues for January-February 2020).

Eligible Landlord

  • Owns a commercial property leased to eligible tenants;
  • Has a mortgage loan secured by the commercial property leased to eligible tenants;
  • Is willing to reduce monthly rent for April, May, and June 2020 by at least 75% and sign a no-eviction agreement with eligible tenants;
  • Have declared rental income on a personal or commercial tax return for tax years 2018 and/or 2019.

CLICK HERE TO GET HELP WITH CANADA EMERGENCY COMMERCIAL RENT ASSISTANCE PROGRAM APPLICATION.

FORWARD THIS ARTICLE TO YOUR COMMERCIAL PROPERTY LANDLORD.

Please stay at home if you can. We will get through this together. Our team is fully available.

ANTI-CRISIS SOLUTION

Emergency Wage Subsidy: 3 Pitfalls You Need to Know

As you may know, Canada Emergency Wage Subsidy that provides 75% of the payroll, opened its doors on Monday, April 27, 2020. After filing the first few applications for our clients, I wanted to warn you about 3 major pitfalls we bumped into.

1. Choosing incorrect baseline sales to determine eligibility

To qualify for the first wage subsidy claim, you must demonstrate the decline in sales by at least 15% in March 2020 compared to either March 2019 or the average of January and February 2020. The selection determines the baseline for all future wage subsidy claims. It means that if you chose to compare your March 2020 sales to March 2019 sales, you would have to compare your April 2020 to April 2019 sales to qualify for the next wage subsidy claim. You are not allowed to change the approach. So be strategic and choose the right one from the beginning.

2. Missing to claim CPP/QPP and EI reimbursements

CRA did an excellent job creating an Excel calculator for the wage subsidy amount. But they forgot to create one for calculating source deductions amounts you can reimburse. If your employees were on paid leave (due to sickness or lack of work, for example), you could claim the amounts of CPP/QPP and EI contributions you paid. The contributions formula varies from province to province. Make sure you calculated the amounts accordingly.

3. Lack of direct deposit set up with CRA

Even if you have My Business Account with CRA, please, make sure that you also set up a direct deposit with the agency. It will help you get the subsidy much faster.

How to Apply? Apply via My Business Account with Canada Revenue Agency.

WHY CHOOSE US TO WRITE YOUR APPLICATION?

  • Trusted partner with 7 years of experience in government funding applications writing. You need a partner with expertise, not someone who happens to have access to your payroll.
  • Program complexity. The Emergency Wage Subsidy is not as easy as it seems. Review the program rules and decide for yourself.
  • Maximum benefits. Our deep understanding of the program will help you get the most out of it.
  • Fair fees. We will not take advantage of fellow Canadians in trouble and offer a fair and reasonable fee for wage subsidy applications.

REPLY TO THIS EMAIL TO GET HELP WITH EMERGENCY WAGE SUBSIDY APPLICATION

Please stay at home if you can. We will get through this together. Our team is fully available.

ANTI-CRISIS SOLUTION

Emergency Wage Subsidy Intake Starts on April 27

Canada Emergency Wage Subsidy that provides 75% of the payroll will open its doors on Monday, April 27, 2020. Key features and eligibility criteria:

  • a subsidy of 75% of employee wages for up to 12 weeks
  • a maximum of $847 per eligible employee per week
  • retroactive from March 15, 2020, to June 6, 2020
  • to qualify you must demonstrate the drop in revenue by at least 15% in March 2020 and 30% in April and May 2020 compared to either similar months of 2019 or the average of January and February 2020.

How to Apply? Apply via My Business Account with Canada Revenue Agency starting April 27. If you don’t have one yet, please, take time to create it.

WHY CHOOSE US TO WRITE YOUR APPLICATION?

We are aware of many individuals and companies offering “help” with writing wage subsidy applications. Some of them even claim that they already have approved cases even though the intake has not started yet. Here are the reasons why you should consider FGW as your trusted application writer.

  • Trusted partner with 7 years of experience in government funding applications writing. You need a partner with expertise, not someone who happens to have access to your payroll.
  • Program complexity. The Emergency Wage Subsidy is not as easy as it seems. Review the program rules and decide for yourself.
  • Maximum benefits. Our deep understanding of the program will help you get the most out of it.
  • Fair fees. We will not take advantage of fellow Canadians in trouble and offer fair and reasonable fee for wage subsidy applications.

Please visit the Anti-Crisis Solution page now and fill the form on the right hand side if you need help to determine which option is right for you or your clients, partners or suppliers.

Please stay at home if you can. We will get through this together. Our team is fully available.

Do you qualify for Emergency Interest-Free Loan?

This week the Federally funded Canada Emergency Business Account (CEBA) interest-free loan started accepting applications. Key features and eligibility criteria:

  • interest-free loans of up to $40,000.
  • loan forgiveness of 25 percent (up to $10,000) if the balance is repaid by December 31, 2022.
  • to qualify your total employment income paid in the 2019 calendar year must be between $50,000 and $1,000,000.

WATCH VIDEO OVERVIEW OF THE PROGRAM NOW

How to Apply? All major Canadian banks and credit union provide access to the program. To apply, log in to your business account with your primary financial institution or call your account manager for directions.

Please visit the Anti-Crisis Solution page now and fill the form on the right hand side if you need help to determine which option is right for you or your clients, partners or suppliers.

Please stay at home if you can. We will get through this together. Our team is fully available.

Do you qualify for Canada Emergency Wage Subsidy?

This week the Federal government announced the details of the Canada Emergency Wage Subsidy.

The key eligible criteria is you revenue in March, April and May 2020 compared to the same months of 2019. If the revenue dropped by 30% or more due to COVID crisis and its economic consequences, your business or organization is eligible.

The amount of the wage subsidy equals 75% of the remuneration up to $847 per week per employee.

How to Apply? Applicants will need to re-apply monthly. Application forms will be available on CRA website, My Business Account section. If you don’t have the business account with CRA, it is time to create it as soon as possible. We expect the application forms will be available next week.

Please visit the Anti-Crisis Solution page now and fill the form on the right hand side if you need help to determine which option is right for you or your clients, partners or suppliers.

Please stay at home if you can. We will get through this together. Our team is fully available.

ANTI-CRISIS SOLUTION

Introducing Anti-Crisis Funding Solution

First of all, I hope you and your loved ones are safe and doing well. If we spoke last week, we will get back to you today or tomorrow.

Secondly, we continue to closely watch the announcements of the response measures at all levels of governments to help businesses survive the tough time. This week some of the programs kicked off and we can’t wait to share them with you.

We designed an Anti-Crisis Funding Solution. The solution has multiple options, and not all may apply to you, but I suggest you to visit the above link asap and find the solution that is right for your unique situation.

  1. Avoid layoffs
  2. Get cash injection & stabilize cash flow
  3. Recover as much funding as possible for you past and future projects
  4. Manage debt in uncertain times
  5. Make products, deliver services or develop technologies to help fight the pandemic

Please visit the Anti-Crisis Solution page now and fill the form on the right hand side if you need help to determine which option is right for you or your clients, partners or suppliers.

Please stay at home if you can. We will get through this together. Our team is fully available.

Survive Recession with these Government Funding Programs

Just like you, I am deeply concerned with the impact of the global pandemics on our economy and your business. I see the businesses being disrupted and closing their operations until further notice.

We are closely watching the announcements of the response measures at all levels of governments to help businesses survive the tough time. Although it will take another few days or even weeks to get the details of the announced programs, here is what we already know and what you can do about it.

1. Business Credit Availability Program (BCAP) is a $10-billion credit facility that will be provided by the crown corporations, EDC and BDC, to the creditworthy Canadian companies. It will be an interest-based loan focused on maintaining your cash flow, but we expect that the terms and application process will be outlined shortly. For now, if you have EDC or BDC financing, contact your account manager to inquire about principal postponement.

2. Temporary Wage Subsidy was announced on Wednesday, March 18. The subsidy will be equal to 10% of remuneration paid during that period, up to a maximum subsidy of $1,375 per employee and $25,000 per employer. The application guideline is not available yet, but we expect it to be available shortly.

3. If you already have the approved government grant or interest-free loan, the situation will impact your project. Please, reach out to your funding organization contacts to discuss contingency plan or project timeline extension. There is an understanding of the situation among all levels of government and you won’t be penalized for what is out of your control.

There are other measures to support the individuals and businesses impacted by the crisis. I will keep you posted as more information becomes available.

We are currently working on an anti-recession solution to address all possible negative scenarios and help you get through the difficult time. Please, help us to shape the solution by answering a short anonymous survey here.

Remember. We will get through this together. Our team is fully available.

Anonymous Survey: Impact of the Pandemic on Your Business

Canadian Manufacturers and Exporters (CME) Technology Assessments Program

Amount: 100% of eligible costs up to a maximum of $25,000

Get Started

Advanced Manufacturing Supercluster Funding Deadline and Project Application Workshop Invitation

We have some exiting announcements for you. If you have been waiting to apply for the Advanced Manufacturing Supercluster Funding (Capacity Building Projects) now is the right time to do it. The deadline for the first round is April 15, 2020.

NGen will invest up to $12 million of Supercluster funding to be matched by a minimum of an additional $12 million of industry investments in Capacity Building projects targeted at Canadian SMEs before the end of March 2023. NGen’s capacity building initiatives are designed to address some of the common challenges that SMEs face in adopting and scaling up technologies in manufacturing, and in participating as partners in larger Supercluster projects.

In the effort to support your application process and give you some direction on where to start, NGen is organizing a Free Project Application Workshop. And I would like to extend an invitation to all of our readers to register and attend the event.

Date And Time: Thu, 26 March 2020, 9:30 AM – 4:00 PM EDT

Location: McMaster Innovation Park, 175 Longwood Road South, Hamilton, ON L8P 0A1

RSVP here: https://www.eventbrite.ca/e/ngens-project-application-workshop-registration-95695799713

Can’t attend the event? Don’t wait and check eligibility of your company and your project for the government funding now by submitting eligibility check form.

CHECK ELIGIBILITY NOW

Marketing and Vineyard Improvement Programming to Support Grape Growers

Amount: Up to 35% of eligible costs will be reimbursed to eligible vineyard activity up to $100,000 per vineyard.

Get Started

Career Ready Fund’s Auto Stream 2019-20

Amount: Total available funding for the competition is $14 million.

Get Started

Seminar Invitation: February 27, 2020 in Oakville

Join us on February 27th, at the Breakfast seminar about Selling the Business, Alternative Lending and Government Funding for Businesses. Complimentary light breakfast will be served.

Sign up now to RSVP for our special event where you’ll learn:

  • Psychology of Selling the Business
  • Alternative Lending Instruments for your Business
  • Government Funding Programs for Businesses & Latest Program Updates
  • Questions & Answers
  • Elliott Matsuura Canada Showroom Tour & Equipment Demonstration

Seminar Speakers:

  • Doug Robbins, President & Founder, Robbinex
  • Olga Baldin, VP Business Development, Grand Financial
  • Igor Chigrin, Business Funding Expert, Fair Grant Writing

Date and Time: February 27, 2020, 8:00 a.m. – 10:30 a.m. Doors open at 7:30 a.m.

Venue: 2120 Buckingham Rd, Oakville, ON L6H 5X2 (Elliott Matsuura Canada)

Learn more and get your tickets here: https://z2k71z3d.pages.infusionsoft.net/.

CLICK HERE TO RSVP NOW

3 Funding Deadlines in January 2020 to be aware of

I hope the holiday season went well for you and you had enough time to recharge your batteries. I wanted to start this week slowly but due to some application submission deadlines I decided to inform you about them as soon as possible.

Southwestern Ontario Development Fund and Eastern Ontario Development Fund are open for applications until January 20th. Both programs provide the funding for the companies expanding or establishing their divisions outside Greater Toronto Area.

Canadian Agricultural Partnership will open the next intake for farmers only later today and close it on January 29th. Visit the official CAP guideline portal to find the program that is right for you.

At the same time Place to Grow Program is open for both farmers and food & beverage manufacturers until January 27th. This is a relatively new program that requires a collaboration of minimum two independent businesses in one of the following areas:

  • Food Safety and Traceability
  • Animal Health
  • Plant Health
  • Soil Health and Water Quality
  • Market Development
  • Technology
  • Solutions Addressing Labour Supply and Training Challenges

Can’t attend the event? Don’t wait and check eligibility of your company and your project for the government funding now by submitting eligibility check form.

CHECK ELIGIBILITY NOW

RapidSkills 2019-20

Amount: Total available funding for the pilot is $3M. MLTSD (Ministry of Labour, Training and Skills Development) expects that individual Projects will not require more than $300,000 total in funding for partnership development, program development, and administration. Reasonable upward adjustments may be negotiated where the application provides a strong, demonstrated rationale for additional funding based on the nature of the proposal. The funding will be allocated based on eligible costs and through a competitive process based on the evaluation of the proposals. MLTSD reserves the right to set limits on the amount of funding an Applicant will receive.

Get Started

Funding Programs for You in 2020

It is almost a year-end and I am certain that you are in the middle of the planning of the next successful year for your business. Do you know what government funding programs can help you achieve your ambitious goals or resolve its most painful issues?

Fill out a 2020 Business Goals form and we will get back to you with a list of the government funding programs that are applicable to your projects.

Use this traditionally slow time of the year wisely and ensure your business success going forward!

SHARE YOUR 2020 BUSINESS GOALS

Elevate Your Business – Commercial Financing and Investing Seminar

I would like to invite you to join us at the upcoming seminar “Elevate Your Business – Commercial Financing and Investing”.

This meeting is dedicated to Elevating your business to the next level with different financing strategies, advisory services, real estate for business use and investment, legal tips and government grants!

Date: Thursday, November 28, 2019

Time: 6:30pm to 9:30pm

Location: Improve Canada, 7250 Keele Street, 2nd Floor Auditorium, Vaughan, ON L4K 1Z8

Featured Speakers:

  • Katerina Bylen – Commercial Account Manager, BDC
  • Nassib El Tenn – Business Account Manager, Royal Bank of Canada
  • Nazar Bylen – CFP, Commercial Account Manager, Royal Bank of Canada
  • Kirill Perelyguine – Commercial Real Estate Broker, Royal LePage Real Estate Services Ltd.
  • Pavel Malysheuski – Lawyer, Lockyer + Hein LLP
  • Igor Chigrin – Business Funding Expert, Fair Grant Writing Inc.

Learn more and get your tickets here: https://www.eventbrite.ca/e/elevate-your-business-commercial-financing-and-investing-seminar-tickets-79296208093

Don’t wait and check eligibility of your company and your project for the government funding now by submitting eligibility check form.

Government grants available to Small Business

I would like to invite you to join us at the upcoming seminar “Government grants available to Small Business”.

Date: Thursday, November 07, 2019

Time: 6:00pm to 7:30pm

Location: RBC South Hill, 9325 Yonge St., Richmond Hill

Guest Speaker: Igor Chigrin, Business Funding Expert, Fair Grant Writing

RSVP by contacting: Sam-H-Oshaghi at 905-780-8169 | sam.h-oshaghi@rbc.com

Please RSVP by: Thursday October 31, 2019

Don’t wait and check eligibility of your company and your project for the government funding now by submitting eligibility check form.

What to Expect from the Minority Government?

As a result of the Federal election, we are now in a minority government situation. Here are some consequences of this fact for Federal government funding for businesses.

1. Continuity. Even though it is a minority government, it will still be the Liberal government, and we expect that all government funding programs maintained or launched in the past four years will be in place. Such programs include but are not limited to SR&EDIRAPCanExportBusiness Scale-Up & Productivity and Yves Landry Foundation’s (AIME Initiative).

2. Focus on Greenhouse Gas Emission Reduction. The Carbon Tax is here to stay, which means that a portion of its revenue will be invested in Climate Action Incentive Fund and R&D funding programs for the clean technology sector.

3. Industry Focus. Other than the cleantech, the automotive, agriculture, food and beverage industries were listed as priority ones during the election campaign. Given the Liberal party’s defeat in some Western Canada, the funding for the natural resources sector may be released.

4. Geographic Focus. The ruling party got a significant hit in Alberta, Saskatchewan, Quebec, and Rural Southern Ontario, which means there may be new funding programs for those regions.

5. Next Budget Will Be a Tough Sell. The Liberals won’t be able to approve the next budget in the Parliament alone without the support of the other parties. Expect delays in the Federal budget process. We expect that the new Federal government funding programs (e.g. a replacement of Canada-Ontario Job Grant) will be announced in the next budget. The next government fiscal year starts on April 1st, 2020.

What Do You Think?

Let me know what you think about the future of Federal government funding by replying to this email. And remember, the government funding programs come and go. The only way for you to stay up-to-date is to check your eligibility regularly.

Forecast: Federal Election Impact on Government Funding

As we get ready for the election day on Monday, I thought it is a timely idea to forecast what Federal government funding programs may be impacted by the election results. I split the programs by impact.

A big disclaimer: this is a non-partisan and non-solicitation newsletter, and it only reflects my opinion. Your vote is your choice.

Low Impact

It is unlikely that the R&D funding programs like SR&ED and IRAP will be significantly altered. They were around for a number of years. In addition, CanExport program, will likely stay as is or go through minor adjustments since all major parties committed to the Canadian export growth.

Medium Impact

The mandate of the regional development agencies (FedDev and FedNor in Ontario) may be revised depending on the election result. However, those agencies already survived the change in Federal government 4 years ago. They provide interest-free loans such as Business Scale Up & Productivity and funding for Yves Landry Foundation’s skills training fund (AIME Initiative).

Depending on the budget constrains, the Federal portion of the Canadian Agricultural Partnership may be slightly adjusted. But overall, the agri-food sector is on the list of the priorities of all political parties.

High Impact

All Federal programs that depend on the Federal carbon tax, such as Climate Action Incentive Fund, may be significantly impacted if the tax is reduced or scrapped. Other incentives for clean technology research, development and adoption and energy efficiency may also be impacted.

Anything New to Expect?

Two Canada’s leading political parties committed to the automotive industry growth. However, it is unclear how exactly this commitment will be delivered. It may be similar to the provincial Ontario Automotive Modernization Program.

Both parties also committed to skills training so we expect the launch of a replacement of Canada-Ontario Job Grant sometime in 2020.

What Do You Think?

Let me know what you think about the future of Federal government funding by replying to this email.

And remember, the government funding programs come and go. The only way for you to stay up-to-date is to check your eligibility regularly.

Market Access Initiative

Amount: 75% cost-share funding of total eligible costs, to a maximum of either $20,000 or $30,000 cost-share per project depending on project category.

Get Started

Ontario Automotive Modernization Program (Temporarily Unavailable)

Amount: 50% of eligible costs up to a maximum of $100,000

Get Started

[Invitation & Gift] Be My Guest at CMTS-2019

This week marks the 10th anniversary of my arrival to Canada. I am so grateful that, in celebration of this significant milestone, I am sharing with you complimentary show floor pass to the Canadian Manufacturing Technology Show (CMTS 2019)! You may also take advantage of 20% off conference rates as my guest.

This time we won’t be exhibiting, but I managed to get a small speaking engagement.

Show & Conference Dates: September 30 – October 3, 2019

Venue: The International Centre, 6900 Airport Rd, Mississauga, ON L4V 1E8

I look forward to seeing you at the show!

Oh, and if you want to give a gift to me, forward this email to your friends, clients, partners or suppliers. They can register at CMTS 2019 or check their eligibility for government funding.