Canadian Small Business Financing

canadian small business financing
canadian small business financing

All you need to know about Canadian government grants

Government grants are the subsidies, cost-sharing programs, loans, incentives, and rebates which the government gives its citizens for carrying out various developmental and assistance activities mostly for non-profit and cultural ventures. One may ask, “do I need to repay them?” and the answer to that is ‘No’! These government grants are however not given to anybody for anything. One has to meet very detailed specifications and the government agencies monitor how the money is being spent. Canada grants are given out to citizens by agencies and foundations all over the country but most Canadians don’t even know such a system exists!

Many government grants are available for setting up and expansion of small businesses. Finance ranges between $1000 to $10 million for purposes of purchasing equipment, real estate, supplies, machinery, technical help, office lease, renovation, transport, and computer support. Canada grants are given for feasibility study programs which include financial, engineering and market analysis or a combination of all of them. Cost-sharing up to 75% of the total expenditure is done. A young entrepreneurs program is functional according to which the government of Canada gives grants up to $4000 to entrepreneurs aged between 18 and 29 to aid them in starting full-time businesses.

These government grants are given keeping in mind the development of society and hence are easily obtained by the projects which are beneficial for social and cultural development. Canada grants ranging up to $100,000 are available for women in Canada to assist the setting up and expansion of a business. Special grants named as Aboriginal Business Canada are available for clients of aboriginal heritage. The client can be First Nation, Métis or Inuit. Non-repayable funding up to $99,999 are presented per project. Many specific government grants have been designed to develop the First Nation, Inuit, and Metis communities.

The government of Canada has many government grants meant for research and development in various fields. Going Global Science and Technology Fund, External Research Program, NRC Industrial Research Assistance Program (NRC-IRAP), Moving on Sustainable Transportation Program (MOST), and Sustainable Development Innovations Fund (SDIF) are some of them. Another grant of the same nature is the Scientific Research and Experimental Development (SR&ED) program which is a federal tax incentive program. It seeks to encourage businesses of all sizes in Canada to conduct reasearch and development to bring about improved and advanced products and processes.

Many government grants are available in the art and culture fields. There are funds to support Canadian music, visual arts, performing arts, film, television, and magazines. The artists or the art presenting organizations can present the proposal to the government and if the criteria are met they will be financially supported. Canada grants like the Multiculturism Program seek to promote ethno-racial diversity and encourage participation of the minorities in the public decision-making.

Environmental causes are given special emphasis and any organization or group which wants to carry out projects on innovative means of waste reduction and pollution control can get assistance up to $50,000 once the proposal is approved by the Ministry of Conservation.

About the Author

There are number of Government grants available for those seeking financial assistance in starting or expanding business in Canada. Canada grants are available for projects which have a positive developmental effect on a community in Canada.

I’m 26 & want to marry a Canadian so I can get a hip replacement! Any Takers?

I’m 26 years old, Female, American, & need a new hip but can’t get any type of health care coverage here in the US.

What would I need to do to get you, Mr. or Ms. Canadian, to marry me for a couple of years so I can get the physical & mental health care that I so desperately need?

I know that you smartasses out there will say “Sex!” & you know what? I’m ok with that… LOL!

We all trade sex for the stability of home, family, & finances so what makes me so different that I would expect the side effect of being able to take advantage of Canada’s National Healthcare System?

As long as I can tele/internet commute to keep running my small business then I’m ok with moving anywhere in North America.

Prenuptial Contract Required. Must speak English. Must submit to background check. Male, Female, or Poly acceptable!

Let the negotiations begin!!

Any takers?

A simpler solution : consider medical tourism, a term that refers to the increasingly common practice of traveling abroad to have medical treatment for far less than the cost in the US (and that includes the travel and lodging expenses for you and a companion). And hip replacements or resurfacing are among several surgeries for which Americans are traveling abroad. Here are a few links that you can consult for details:

http://en.wikipedia.org/wiki/Medical_tourism
http://medicaltourismguide.org/
http://www.medretreat.com/

Getting married and emigrating seem like overkill when it’s just a surgery that you need at a reasonable price.


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