Tag Grants for canexport

Foreign Exchange Losses? Forget it

At Fair Grant Writing, we go through hundreds of financial statements every year. We have noticed how many businesses have Foreign Exchange Losses. There is no surprise in why this is the case. Most businesses are involved in international trade one way or the other (export or import), and very few international partners accept Canadian dollars. Traditionally, very few currency risk management options were available on the market.

We always strive to improve our clients’ businesses outside grant funding. We’re happy to introduce our partner, Ebury, a fintech firm backed by Santander Bank that provides various foreign currency management services for Canadian exporters and importers. Ebury provides:

Foreign exchange risk management.
Dedicated experts whose main focus is to protect bottom line.
Competitive exchange rates compared to the Big 5 Banks and alternative companies.
Foreign currency accounts in over 30 countries, allowing clients to have a local international presence.
Unsecured Lending Facility and have access to over 140 currency pairs.

Not happy with Foreign Exchange Losses? No problem. Let experts in Ebury help you find the right solution for your business.

Contact Ebury: Zane Piranditta, 647-952-0529, zane.piranditta@ebury.com

If you are a Canadian exporter, remember that CanExport grant program is available for a limited time to help you enter new export markets. Its deadline is May 31, 2024. It provides 50% of your international marketing, consulting and compliance costs up to a maximum of $50K.

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Update: CanExport Grant Temporarily Paused

We’d like to inform you that CanExport SME Grant Program has been put on pause as of June 19, 2023. We’ll be covering all the updates on the program and its reopening to keep you timely informed and prepared.

About CanExport Grant:
CanExport Grant Funding Program provides government funding to small to medium-sized Canadian businesses for exporting their business marketing (digital including) and reimburses 50% of selected export marketing cost to a maximum of $50K.

CanExport Grant covers such export marketing costs as trade show and trade mission cost, digital and online advertising to the foreign customers, translation cost, cost of shipping samples, export market research and business planning and more. The main goal of the Program is to support those who export business in Canada.

When to plan your next international marketing activities?

While CanExport Grant Funding Program has been regularly put on hold, it’s expected to reopen in the fall or early winter. So, you should still plan your international market expansion activities, but for later this year.

Need help with this or other government funding programs but don’t know where to start or how to prepare an application?

CHECK ELIGIBILITY

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The CanExport Program is Back

We are happy to share with you that CanExport will start accepting applications again beginning February 15, 2023, for projects starting on or after April 1, 2023.

The program expanded the list of eligible costs in the intellectual property protection category, but there are no other major changes. The program provides 50% of the costs associated with entering new export markets up to $50K.

Eligible costs categories are:

Travel for meetings or events
Trade events (shows, conferences)
Marketing and translation
Interpretation services
Contractual agreements, intellectual property protection, certification
Consulting – Business, tax and legal advice
Consulting – Market research, feasibility studies, identification of key contacts, B2B

The applicant must be a Canadian corporation located anywhere in the country with at least 1 employee on payroll and $100K in annual revenue.

Need help with this or other government funding programs but don’t know where to start or how to prepare an application?

CHECK ELIGIBILITY

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Big Changes to CanExport Program

Just like all organizations, the government adapts its programs to suit the new reality of the pandemic.

Initially, CanExport program was designed to support export marketing costs of the Canadian small-to-medium-sized businesses. The program was primarily used to subsidize exhibiting at the international trade shows, international travel and marketing.

Now that the international travel and trade shows are no longer available, the government revised CanExport program guidelines to expand the list of eligible costs. Now a Canadian company pursuing international markets can apply for assistance to:

Gather market intelligence (custom research, reports and studies)
Apply for intellectual property protection in international markets
Apply for certification in international markets
Seek expert legal and business advice
Search Engine Optimization
Translating, adapting or creating marketing materials
Attending virtual trade shows, networking functions, meetings or conferences

And the most recent changes announced on November 4th :

Export brokers in the agriculture and agri-food sector may be eligible to the program, provided they meet Canadian content requirements.
The maximum funding for online advertising activities has been increased to $50K per project. The program is now allowing online advertising on social media platforms, online marketplaces and search engines.
Expert advice for digital and e-commerce marketing is now eligible.

In the next few days the government will clarify the definition of the Canadian content and a few other recent changes.

Do you qualify for CanExport or other government funding programs?

Fill out Eligibility Check form at http://www.fgwinc.ca/eligibility to find out.

CHECK ELIGIBILITY