Grants for Type
Canada Digital Adoption Program (CDAP)
Amount: up to 90% of the eligible cost with maximum grant value of $15,000
Regional Development Program: Advanced Manufacturing and Innovation Competitiveness Stream
Amount: Up to 15% of funding to a maximum of $5 million, interest free during the project period (loan for up to four years).
Invest North Program (Northern Ontario)
Amount: Up to 50% of total eligible costs to a maximum of $500,000.
Business Technology Improvement Fund (BTIF – Parry Sound/Muskoka only).
Amount: up to 50% of approved costs up to a maximum grant of $25,000 (Parry Sound/Muskoka only).
Ontario Junior Exploration Program (OJEP)
Amount: Up to $200,000 with maximum of 50% of total exploration expenditures.
Fisheries and Aquaculture Clean Technology Adoption Program (FACTAP)
Amount: Up to 75% of eligible project costs (maximum of $1.0 million per year).
Export Marketing Assistance (EMA) Program
Amount: Up to $30,000 or maximum of 30% of total eligible project costs over $100,000.
Collaborative Research and Development Projects
Amount: Up to 50% of eligible costs to a maximum of $600,000 for approved R&D Projects.
The Digital Media Tax Credit Guide For Gaming Companies In Canada (IDMTC)
Amount: up to 40% tax credit on qualifying wages/salary.
Canadian Film or Video Production Tax Credit (CPTC)
Amount: refundable tax credit of 25% of your qualified labour expenditures.
Film or Video Production Services Tax Credit (PSTC)
Amount: refundable tax credit of 16% of qualified Canadian labour expenditures.
SME in Action Program – Support for SME Productivity component
Amount: non-refundable contribution of up to 40% of eligible project expenses, up to a maximum of $ 50,000 per project.
SME in Action Program – Support Component for the Implementation of Investment Projects (Feasibility Studies)
Amount: non-refundable contribution of up to 40% of eligible project expenses, up to a maximum of $ 100,000 per project, with the exception of equipment manufacturers and processors in the aluminum, for which the maximum can reach $ 250,000 per project.
Industry 4.0 audit: Successful digital transformation of your business
Amount: non-refundable contribution that covers 50% of eligible expenses of maximum aid rate and cumulation of government assistance up to a maximum of $ 20,000 for the duration of the program.
Webinar: Sustainability and Grant Funding in the Post Pandemic Age
The information is valid as of May 27, 2021.
Webinar: Lean Techniques and Grant Funding for Increased Profit Margins
The information is valid as of May 20, 2021.
Accelerating Manufacturing Scale-Up Grant Program
Amount: between $50,000 up to a maximum of $250,000 to eligible businesses or up to a maximum of $500,000 to eligible groups in collaboration.
Energy Management Information Systems (EMIS) projects
Amount: Up to 50% of eligible costs, to a maximum of $40,000.
Proof of Concept Program
Amount: Up to 50% of the cost of the proof of concept plan to a maximum of $100,000 during the Program Period (not to exceed 12 months). The applicant will be required to contribute 50% of the cost over the Program Period.
Why You Should Consider Government Loans?
Many clients ask us why they should consider applying for government loans. They initially express a lack of enthusiasm because they have to pay the loans back and would rather deal with their banks. Here is what you should know about the government loans to make an informed application decision.
1. No Interest. All government loans are interest-free. So you immediately save on interest.
2. No Collateral. In case if something goes wrong, the government won’t come after your home.
3. Grace Period. Many government loan programs allow flexible grace periods, i.e. you don’t start repayment until 12 months after your project is completed.
4. Large Caps. Most of the non-repayable grants are capped to $100,000. There are government loan programs that pay over $10 million.
5. High Stacking Limits. You can combine the government loans with the grants and tax credits, up to a maximum of 75% of the project cost.
6. Repay Commercial Loan Sooner. The government provides loans on a quarterly or annual basis. You can pay back 35%-50% of the commercial loan amount with the government loan, and save on interest and repay the commercial loan sooner at the same time.
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.