Canadian Grants
Today, the Canadian Federal and Provincial Governments offer over 900 different funding programs in the form of low-cost loans and grants to those in need of affordable financing. Annual expenditures for programs administered at both the Federal and Provincial levels exceeded $90,000,000,000 (ninety billion dollars). These figures are estimated to be met or exceeded during 2012
Examples of Funding Available
These financial assistance programs are structured to provide Canadian businesses with liquid capital to bring a product to market, hire more employees, and help finance expansion or diversification. Here are some examples of financial aid programs currently available:
- Programs to purchase equipment, machinery, computers, vehicles, or office furnishings.
- Real Estate loans for the lease or purchase of land, buildings and structures
- Programs to help with the renovation or upgrading of an existing building.
- Employee assistance programs to defray the high cost of training or retraining employees and managers.
- In some areas grants are available to pay part of an employee's wage.
- Programs for expert business advice and market planning to help your company focus on the market with the highest demand.
- Programs for research and development to assist with the high cost of initiating progress and developing cutting edge technologies.
- Numerous social grants and assistance programs for organizations or businesses which address timely social issues.
Identify Your Financial Objectives
Most people are unaware that it is especially during these times of cutbacks that our government is willing to divert large amounts of funding in the form of grants and loans to support the economic growth of our country. Clearly, anyone thinking of starting or expanding a business in Canada owe it to themselves to investigate these opportunities.
Charitable Private Foundations
Have you been turned down from receiving a loan by a local bank because of poor credit, no credit or bankruptcy?
Private Foundations are not interested in credit ratings, only demonstrated need. Most foundations are set up as non-profit organizations for income tax purposes, dedicated to help individuals and the general welfare of our society. The online Canadian Assistance Programs Directory includes a comprehensive section on Canadian charitable Private Foundations.