Canada Business Services for Entrepreneurs is a one stop shop for business start-up information including registration, incorporation, financing, marketing.
Various financial programs for business development available - below you find a list of financial programs organized by category:
Labour & Skills Development
Research & Development
Energy Efficiency & Renewable Energy Development
Local Business Financing Agencies:
Venture Niagara Community Futures Development Corporation
20 Pine Street N
Thorold, ON L2V 0A1
Business Development Bank of Canada (Niagara)
39 Queen Street
Suite 100, P.O. Box 1193
St. Catharines, Ontario
Phone: 905 988-2874
Fax: 905 988-2890
Additional Programs for Business Financing:
Advanced Manufacturing Investment Strategy Program - Ministry of Economic Development and Trade
Description: Interest free loan to transform manufacturing processes and adopt leading edge technologies.
Terms/Assistance/Benefits: $10 million interest free loan up to five years.
Canada Small Business Financing Program - Industry Canada
Description: Up to $500,000 financing for any one business, of which no more than $350,000 can be used for purchasing leasehold improvements or improving leased property and purchasing or improving new or used equipment.
Terms/Assistance/Benefits: Up to 90% of the cost of the asset at fixed or floating rate.
Canadian Youth Business Foundation Start-Up Financing Program
Description: Mentoring, educational resources and start-up financing assistance to aspiring young entrepreneurs.
Terms/Assistance/Benefits: Loan up to $15,000.
Loan Guarantee Program - Ontario Ministry of Natural Resources
Description: Loan guarantees to forest industry's lenders to support and leverage new capital investment projects in Northern or rural Ontario.
Terms/Assistance/Benefits: Loan guarantee - minimum of $500,000.
Description: MITACS ACCELERATE is a unique cost-shared R&D internship program which connects companies with Canadian universities' research expertise, in all disciplines.
Terms/Assistance/Benefits: During 4, 8, or 12-month research projects, interns (graduate students or post-doctoral fellows) bring a new perspective and the latest knowledge to a research challenge faced by the partner, in a wide range of areas including manufacturing, technical innovation, business processes, IT, social sciences, design and many more.
Ontario Centres of Excellence Inc.
Description: Six sector-based centres and various programs to strengthen research linkages between academia and industry.
Terms/Assistance/Benefits: Knowledge transfer, commercialization, training.
Ontario Innovation Demonstration Fund
Description: Non-interest bearing repayable or forgivable loans; royalty agreements and equity participation to help commercialize innovative technologies.
Terms/Assistance/Benefits: Contributions up to $4 million.
Description: The Summer Company program provides hands-on business training and mentoring - together with awards of up to $3,000 - to help enterprising youth start up and run their own summer business.
Terms/Assistance/Benefits: Business training, mentoring and awards of up to $3,000.
Ontario Centres of Excellence - Investment Accelerator Fund Program
Description: A major Ontario Government commercialization initiative to provide eligible technology-based start-ups with seed capital up to $500,000 to support technology development, market potential analysis, prototype development, early customer trials, promotion and patenting costs.
Terms/Assistance/Benefits: Investments are generally made in the form of a convertible debenture (loan) in return for a nominal equity position.
Ontario Small Business Investment Tax Credit for Financial Institutions - Ontario Ministry of Revenue
Description: Tax credit allows qualifying financial institutions to reduce their capital tax liability where they make certain types of investments in small business.
Terms/Assistance/Benefits: Tax credit earned equals temporary surcharge plus 20% of its capital tax liability on adjusted taxable paid-up capital over $400 million.
Labour & Skills Development
Apprenticeship Job Creation Tax Credit - Canada Revenue Agency
Description: A 10 percent Federal tax credit to cover salaries and wages paid to training new apprentices in the first two years of the contract.
Terms/Assistance/Benefits: $2,000 tax credit per year.
Apprenticeship Training Tax Credit - Ontario
Description: A 25 percent provincial refundable tax credit on salaries and wages paid to new apprentices in certain skilled trades to help offset employers' costs. Small businesses receive a 30 percent tax credit.
Terms/Assistance/Benefits: Employers can claim up to $5,000 each year to a total of $15,000 per eligible apprentice over the first four years.
Canada Summer Jobs 2009
Description: Contributions for employers to hire students during the summer.
Terms/Assistance/Benefits: Up to 50% of provincial minimum wage per hour.
Co-operative Education Tax Credit (CETC)
Description: A refundable tax credit program for businesses hiring students enrolled in a recognized post-secondary co-operative education program.
Terms/Assistance/Benefits: Provides a maximum tax credit of $3,000 for each qualifying co-operative education placement of an Ontario student.
Employer Signing Bonus
Description: A $2,000 bonus for an employer who hires and registers an apprenticeship scholarship candidate as an apprentice.
Terms/Assistance/Benefits: The candidate has to be a youth under 25 years of age who has left school and requires upgrading to meet the registration standards for apprenticeship training.
Internship Program with Innovative Small and Medium-sized Enterprises - National Research Council Canada
Description: Financial assistance to innovative Canadian SMEs to hire post-secondary graduates.
Terms/Assistance/Benefits: Internships assistance between six to twelve months and up to $30,000.
Job Connect - Ontario
Description: Training subsidies for employers who train youths out of school, out of work, not currently in a training program.
Terms/Assistance/Benefits: Training subsidies are available.
Ontario Emerging Technologies Fund - Ontario Capital Growth Corporation
Description: Up to $5 million initial investment to leverage private sector capital in clean technology, life sciences and advanced health technologies, digital media and information and communications technology sectors. Program will make a direct co-investment into a successful company alongside the qualified investor.
Terms/Assistance/Benefits: Investee companies interested in investment must work through qualified investors. Only qualified investors can propose investments to the fund for consideration.
Ontario Employer Health Tax Exemption - Ontario Ministry of Revenue
Description: Eligible employers are exempt from paying EHT.
Terms/Assistance/Benefits: First $400,000 of annual total remuneration.
Ontario Labour Market Partnerships
Description: Ontario Labour Market Partnerships support partnerships among employers, employer/employee associations, and community organizations to address identified labour market issues.
Terms/Assistance/Benefits: The program helps employers, employer/employee associations, and community organizations to develop and implement strategies to improve their ability to plan for their human resources needs.
Small Business Internship Program - Industry Canada
Description: Assist SMEs to hire post-secondary student interns for 12-week on eligible ICT and e-commerce projects.
Terms/Assistance/Benefits: The Government of Canada will reimburse 75% of eligible salary and benefits up to a total of $10,000.
Summer Jobs Service - Ontario
Description: Wage support for employers hiring students for seasonal jobs during the summer.
Terms/Assistance/Benefits: Wage support of $2/hr to 16 weeks.
Targeted Wage Subsidies Program - Ontario
Description: Temporary wage subsidies to assist employers providing on-the-job experience and hiring individuals who face barriers in finding employment.
Terms/Assistance/Benefits: Subsidy less than 60% of wages paid.
The Workplace Skills Initiative - Human Resources and Social Development Canada
Description: Call for Proposals to fund demonstration projects which respond to challenges in Canadian workplaces relating to employee skills development and organizational changes.
Terms/Assistance/Benefits: Funding up to a maximum of $3 million per year. Recipients and/or project partners must contribute at least 25% to eligible project costs.
Work-Sharing Program - Human Resources and Social Development Canada
Description: Provides income support to workers eligible for Employment Insurance benefits and who are willing to work a temporary reduced work week when there is a reduction in the normal level of business activity that is beyond the control of the employer.
Terms/Assistance/Benefits: 6 to 26 weeks of income support to workers eligible for Employment Insurance benefits to help employers and workers avert temporary layoffs.
Research & Development
Communications Research Centre Canada - Industry Canada
Description: Helps SMEs develop their potential through on-site technology incubation and technology transfer.
Terms/Assistance/Benefits: Access to world-class facilities and support.
Going Global Innovation - Foreign Affairs and International Trade Canada
Description: Pays eligible expenses for Canadian researchers to meet with key R & D players in foreign countries pursuing collaborative opportunities.
Terms/Assistance/Benefits: Pays a minimum of $5,000 of eligible expenses for travel, accommodations, meals, incidentals and other non-research expenses.
Industrial R & D Fellowships - Natural Sciences and Engineering Research Council of Canada
Description: Financial assistance for companies to hire recent doctoral graduates in science and engineering to conduct research and development in industries.
Terms/Assistance/Benefits: Contributes $30,000 per year for two years towards the PhD research fellow's salary.
Industrial Research Assistance Program - National Research Council Canada
Description: Technical advisory services, networking and financial assistance to SMEs.
Terms/Assistance/Benefits: Invests on a cost-shared basis.
Innovation Tax Credit (OITC) - Ontario
Description: Refundable provincial tax credit on Scientific Research & Experimental Developmental (SR&ED) expenditure claims in Ontario.
Terms/Assistance/Benefits: 10% refundable tax credit, maximum claim up to $300,000.
Institutes of Health Research - Innovation and Industry Programs - Canada
Description: Major federal health research funding agency for universities, hospitals and research institutes has research programs matching industry partner's financial contributions.
Terms/Assistance/Benefits: Co-funding on a project basis.
MaRS - Business Mentorship and Entrepreneurship Program (BMEP)
Description: A major Ontario Government commercialization initiative to meet the needs of high performance technology entrepreneurs. Services and resources are delivered through member organizations of the Ontario Commercialization Network (OCN).
Terms/Assistance/Benefits: Skills training, management support, mentorship and networking.
MaRS Discovery District (MaRS)
Description: World-class research and business incubation facilities in biomedical innovation and commercialization.
Terms/Assistance/Benefits: Catalytic programs, risk capital, management resources, and mentoring.
Next Generation of Jobs Fund - Biopharmaceutical Investment Program - Ministry of Research and Innovation
Description: A five-year, $150-million strategy to encourage brand name pharmaceutical firms and advanced-stage human health biotech firms (e.g. vaccine manufacturers) to establish and grow their research and development and/or their advanced manufacturing investments in Ontario.
Terms/Assistance/Benefits: Program will provide up to 20% of total eligible project costs. Applications with total eligible project costs of less than $5 million will not be considered.
Next Generation of Jobs Fund - Jobs & Investment Program - Ministry of Economic Development and Trade
Description: A five-year $1.15 billion strategy to support companies in business expansion /retention and attract foreign investment in green auto research, parts production and assembly; clean fuels research, development and commercialization; manufacturing, processing, environmental technologies; services (ICT & Financial), anchor investments to support cluster development; and opportunity based/ unique investments.
Terms/Assistance/Benefits: The fund will provide up to 15% of the total eligible costs of an approved project. Eligible projects must meet thresholds of $25 million in investment or create /retain 100 jobs within five years.
NextGen Biofuels Fund - Sustainable Development Technology Canada
Description: A $500 million fund to support establishment of first-of-kind commercial scale demonstration facilities for the production of next-generation renewable fuels (i.e. cellulosic ethanol or next-generation biodiesel) and co-products.
Terms/Assistance/Benefits: Repayable support covering up to 40% of eligible project costs incurred over the course of the project period (capped at $200 million).
Ontario Business Research Institute Tax Credit (OBRITC)
Description: A refundable tax credit for qualifying corporations incurring qualified expenses in respect of SR & ED under an eligible contract with an Eligible Research Institute (ERI).
Terms/Assistance/Benefits: Provides a corporation or an associated group of corporations a tax credit of up to $4 million per year.
Ontario Research & Development Tax Credit (ORDTC)
Description: Tax credit for Scientific Research & Experimental Development (SR&ED) expenses.
Terms/Assistance/Benefits: 4.5 % non-refundable tax credit for SR&ED carried on in Ontario.
Ontario Research Fund - Ontario Ministry of Research and Innovation
Description: Supports the operational costs (direct and indirect) and the capital costs of research of Ontario's research community.
Terms/Assistance/Benefits: Matching funds towards projects granted by Canada Foundation for Innovation or the private sector.
Ontario Retail Sales Tax Exemption on R & D and Manufacturing Equipment - Ontario Ministry of Revenue
Description: Exemption from the Ontario Retail Sales Tax Act for equipment used primarily in manufacturing exclusively for R & D, or in non-profit medical research facilities for medical research and investigation.
Terms/Assistance/Benefits: Exempt from RST (8%).
Ontario Tax Exemption for Commercialization (OTEC)
Description: Tax exemption for new corporations that commercialize intellectual property.
Terms/Assistance/Benefits: 10-year tax exemption from Corporate Income tax and Corporate Minimum Tax.
Description: Supports R & D in intelligent information and communications technology (iICT) leading to commercialization through a collaborative model.
Terms/Assistance/Benefits: Project funding for leading-edge technologies and networking.
Scientific Research and Experimental Development Expenditures (SR & ED) - Ontario
Description: A deduction in respect of Ontario research and development expenses.
Terms/Assistance/Benefits: An incentive for corporations undertaking SR & ED in Ontario for tax years ending before January 1, 2009.
Scientific Research and Experimental Development Tax Incentive Program - Canada Revenue Agency
Description: The largest single source of federal support for industrial R & D. Investment tax credits for expenditures such as wages, materials, machinery, equipment, some overhead, and SR & ED contracts.
Terms/Assistance/Benefits: Up to 35% tax credit for first $2 million of eligible expenditures of Canadian-controlled private corporations.
Strategic Aerospace and Defence Initiative - Industry Canada
Description: Firms, organizations or institutions may apply for investments assistance repayable over the long term in conducting R & D in eligible aerospace and defence technologies.
Terms/Assistance/Benefits: Repayable contributions to 30 percent of a project's total eligible costs.
Book Publishing Tax Credit (OBPTC) - Ontario
Description: Tax credit for Ontario publishing companies to publish and promote works by a Canadian author.
Terms/Assistance/Benefits: 30% refundable tax credit for eligible pre-press, printing and marketing expenses, up to a maximum credit of $30,000 per title.
Computer Animation and Special Effects Tax Credit (OCASE) - Ontario
Description: Ontario refundable tax credit for computer animation and special effects activities in film or TV productions.
Terms/Assistance/Benefits: 20% of eligible labour expenses.
Film and Television Tax Credit (OFTTC) - Ontario
Description: Ontario refundable tax credit for film and video productions.
Terms/Assistance/Benefits: 35% of eligible labour expenditures.
Film or Video Production Services Tax Credit Program - Canada Revenue Agency
Description: Federal refundable tax credit for foreign producers for labour expenditures rendered in Canada by Canadian residents.
Terms/Assistance/Benefits: 16% of eligible labour expenditures.
Interactive Digital Media Tax Credit - Ontario
Description: Ontario refundable tax credit for labour, marketing and distribution expenditures for the creation of interactive digital media products.
Terms/Assistance/Benefits: 25% of eligible expenses; 30% for qualifying small corporations.
Production Services Tax Credit (OPSTC) - Ontario
Description: Ontario refundable tax credit for qualifying labour expenditures for those productions that do not meet the Canadian content requirements.
Terms/Assistance/Benefits: 25% of eligible labour expenses.
Sound Recording Tax Credit (OSRTC) - Ontario
Description: Ontario tax credit to support sound or music video recording activities.
Terms/Assistance/Benefits: 20% refundable tax credit for eligible production and marketing expenditures.
Brownfields Financial Tax Incentive Program - Ontario Ministry of Municipal Affairs and Housing
Description: Property tax assistance to encourage the cleanup and redevelopment of brownfield properties.
Terms/Assistance/Benefits: Province may cancel all, or a proportion of the education property taxes of a property for up to three years.
Industrial Cooperation Program - Canadian International Development Agency
Description: Government agency provides support for business projects in developing countries.
Terms/Assistance/Benefits: Between $100,000 to $500,000 in financial support.
Infrastructure Ontario's Loan Program
Description: Affordable, long-term, fixed-rate financing available to Ontario municipalities, universities, and other eligible broader public sector clients to build and renew public infrastructure.
Terms/Assistance/Benefits: Different loan types and terms are available. All borrowers within each client sector have access to the same low interest rates.
Rural Economic Development (RED) Program
Description: The Rural Economic Development Program invests in projects that support sustainable rural economies and community partnerships, under the priorities of health-care services, community revitalization and economic development, and skills enhancement.
Terms/Assistance/Benefits: Projects are cost-shared, with the provincial government investing up to 50 per cent of the project's eligible cost in most cases.
Canadian Commercial Corporation (CCC)
Description: International contracting agency provides export-related assistance in military sales and Canadian commitments for international assistance.
Terms/Assistance/Benefits: Various business solutions offered facilitating foreign government buyers access to Canadian export capabilities.
Export Development Canada
Description: A crown corporation that offers financing, credit insurance and bonding solutions to Canadian exporters.
Terms/Assistance/Benefits: Various financing and risk management programs.
Export Market Access - A Global Expansion Program
Description: A 50/50 cost-sharing grant to help Ontario SMEs cover costs incurred to develop export sales in foreign markets, predominately outside the US.
Terms/Assistance/Benefits: Covering up to 50% of eligible costs incurred to develop export sales. Funding decisions will be made in 30 business days.
New Exporters to Border States (NEBS)
Description: A hands-on introduction course to the basics of exporting to the USA which includes visits to US Customs and a freight forwarder.
Terms/Assistance/Benefits: Course fee is $150.
Energy Efficiency and Renewable Energy Development
ecoEnergy for Renewable Heat - Natural Resources Canada
Description: Financial assistance to increase the use of renewable thermal energy and develop capacity in the renewable thermal energy industry.
Terms/Assistance/Benefits: Eligible industrial, commercial and institutional entities will receive 25% of the purchase, installation and certain other costs of a qualifying system.
ecoEnergy for Renewable Power
Description: $1.48 billion financial incentive to increase Canada's supply of clean electricity from renewable sources such as wind, biomass, low-impact hydro, geothermal, solar photovoltaic and ocean energy.
Terms/Assistance/Benefits: One cent per kilowatt-hour for up to 10 years to eligible low-impact, renewable electricity projects constructed between April 1, 2007 and March 31, 2011. Maximum contribution payable per qualifying project will be $80 million over 10 years.
ecoEnergy Retrofit (industry)
Description: Incentive program to fund energy retrofits for SME industries.
Terms/Assistance/Benefits: Eligible SMEs can receive 25 percent of project costs to a maximum of $50,000 per application and $250,000 per corporate entity.
Feed-in Tariff Program - Ontario Power Authority
Description: Complementary to the 2009 Green Energy Act, this proposed new procurement program guarantees specific prices for various forms of renewable electricity production sources, including on-shore and off-shore wind, hydroelectric, solar, biogas, biomass and landfill gas.
Terms/Assistance/Benefits: As North America's first guaranteed pricing structure, FIT offers a 20-year contract to developers of renewable energy projects that covers total project costs and provides a reasonable rate of return.
High Performance New Construction
Description: Financial assistance to promote the design and construction of high performance buildings.
Terms/Assistance/Benefits: Incentives that offset the cost of energy efficiency measures, Lower long-term operating costs, improved marketability and Occupant comfort. Green buildings may also improve indoor air quality that will lead to better health and productivity.
Ontario Solar Thermal Heating Incentive (OSTHI) - Ontario Ministry of Energy and Infrastructure
Description: Financial assistance for Industrial, Commercial and Institutional (ICI) organizations to increase the use of renewable energy; and develop capacity in Ontario's solar thermal industry.
Terms/Assistance/Benefits: The Ontario Solar Thermal Heating Incentive (OSTHI) matches rebates provided by the federal ecoENERGY for Renewable Heat program. Each program provides rebates of up to $80,000 for solar hot water or solar air heating systems.
SD Tech Fund - Sustainable Development Technology Canada
Description: A $550 million fund to support late-stage development and pre-commercial demonstration of clean technology solutions contributing to clean air, clean water and clean land, and addressing issues of climate change.
Terms/Assistance/Benefits: Non-repayable funding by installments over the 4-6 milestone dates throughout the life of an eligible project.
Technology Development Fund - Ontario Power Authority
Description: Financial assistance to support pre-commercial technologies or applications that have the potential to improve electricity supply, conservation or demand management.
Terms/Assistance/Benefits: Maximum contribution by the OPA for any one project is $250,000.