How will the Federal Election impact government funding?
As you may have heard, Canadians are called to cast their votes in the next Federal election on September 20, 2021. Here are a few items you need to know about the Federal government funding for businesses before and after the election regardless of your political preference.
Decision-Making...
Ontario Junior Exploration Program (OJEP)
Amount: Up to $215,000 with maximum of 50% of total exploration expenditures.
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Why you should look closely on government loans?
Last week we announced the launch of two new Federal loans for businesses: the Jobs and Growth Fund and the Aerospace Regional Recovery Initiative (ARRI). However, many readers of our newsletter and blog were skeptical about them because they were not grants.
We see the trend across all...
Fisheries and Aquaculture Clean Technology Adoption Program (FACTAP)
Amount: Up to 75% of eligible project costs (maximum of $1.0 million per year).
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Export Marketing Assistance (EMA) Program
Amount: Up to $30,000 or maximum of 30% of total eligible project costs over $100,000.
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Aerospace Regional Recovery Initiative – Aerospace sector recovery interest-free loan
Amount: up to 50 percent of eligible costs with up to 10 million per project.
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Jobs and Growth Fund
Amount: up to 50 percent of eligible costs with up to 10 million per project.
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What the new Canada Recovery Hiring Program is about?
As the economy reopens and most businesses return to pre-pandemic revenues, the Federal government will gradually phase out the Canada Emergency Wage Subsidy program (CEWS). The last eligible period ends on September 25, 2021. The % of the subsidy will gradually decrease month after...
No grant for equipment or building? No problem
It is not uncommon in the government funding universe that the grants for equipment or leasehold improvement come and go. Others depend on the location of your business and you only qualify if you are located in a remote or rural area. It is also extremely rare that the government pays for things...
Happy Canada Day and Gift from Feds!
Happy Canada Day! It’s a day when I realize how grateful I am for the chance to now live in this great country and all the opportunities it offers. This year, the holiday is overshadowed, and I stand with those who chose not to celebrate. At the very least, I hope everyone will enjoy the...
