Grants for October 2019

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&ED, IRAP, CanExport, Business 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