Knowledge (XXG)

Federal financing for small businesses in Canada

Source 📝

24: 170:
Loans – Loans may be low- or no-interest contributions. Financing methods and repayment requirements vary from conventional loan arrangements to situations in which the business fronts the costs, submits the costs to the agency, receives reimbursement for all or a portion of the costs, and then at a
220:
Funding and supportive services are administered by a variety of central, provincial, regional and local offices, including federal government departments, federal government agencies, non-profit corporations, financial institutions and chartered banks. Programs may be targeted by industry, region,
150:
hiring and/or training programs. The government also provides funding for no-cost or subsidized services to small businesses, including workshops, business plan consulting, education, and federally sponsored trade missions. Financing, and federally funded or subsidized services are available both to
174:
Loan guarantees – Under the Canadian Small Business Financing Act, the federal government may guarantee a financial institution's loan to a small business, to a maximum of 85 percent. If the borrower defaults on a loan, the bank is protected, and therefore more apt to offer small businesses
682: 41: 868: 178:
Income support – Various programs provide income support to entrepreneurs for fixed periods, often up to a year, so that they are not required to work or seek work while starting their businesses.
883: 873: 672: 888: 188:
and to create qualified workers, the federal government funds a number of programs that allow employers to hire and/or train youth, unemployed individuals, and other target groups.
702: 590: 637: 557: 527: 432: 311: 88: 60: 552: 1028: 482: 532: 67: 843: 372: 422: 642: 248: 437: 332: 903: 853: 487: 238: 74: 442: 522: 583: 171:
pre-determined date, the business begins to pay back the loan. Unlike most bank loans to small businesses, government loans may be unsecured.
542: 1059: 692: 537: 225:
entrepreneurs. Application requirements for federal grants and loans programs vary, but often include at minimum a completed business plan.
56: 547: 838: 828: 517: 427: 377: 337: 243: 512: 507: 502: 357: 497: 412: 387: 878: 662: 462: 397: 367: 342: 492: 477: 472: 402: 382: 417: 407: 347: 467: 392: 576: 362: 304: 107: 1064: 805: 743: 946: 941: 657: 652: 81: 1023: 863: 810: 45: 276: 1038: 738: 728: 297: 222: 627: 1085: 1033: 921: 848: 733: 34: 774: 707: 1043: 931: 753: 667: 191:
Facilities subsidies – In some cases, facility rental and/or utilities may be subsidized for the small business
1090: 647: 197:– The government may invest in a small business, with the advantage of less stringent demands than those of 1007: 961: 800: 769: 677: 289: 723: 697: 926: 898: 795: 779: 987: 748: 687: 632: 599: 232: 167:– Grants or "non-repayable contributions" are the funding that does not need to be paid back. 194: 152: 130:
is facilitated via a number of programs and agencies. Financing is available in the form of
966: 858: 610: 280: 198: 833: 143: 139: 122: 1079: 1002: 997: 992: 164: 131: 273: 23: 982: 893: 208: 204: 185: 147: 936: 151:
established businesses looking to grow or expand into new markets and to
181: 126: 568: 135: 956: 869:
Economic Development Agency of Canada for the Regions of Quebec
572: 293: 221:
or other criteria, such as programs for young entrepreneurs or
17: 884:
Financial Transactions and Reports Analysis Centre of Canada
874:
Federal Economic Development Initiative for Northern Ontario
320:
Federal financing for small businesses in North America
274:"Canada Small Business Financing Act (S.C. 1998, c. 36)" 673:
National Round Table on the Environment and the Economy
889:
Office of the Superintendent of Financial Institutions
211:– Tax refunds and credits vary by industry and region. 703:
Security and Prosperity Partnership of North America
1052: 1016: 975: 912: 819: 788: 762: 716: 618: 451: 325: 48:. Unsourced material may be challenged and removed. 134:(sometimes called "non-repayable contributions"), 57:"Federal financing for small businesses in Canada" 283:. Justice Laws Website. Retrieved March 27, 2013. 184:for hiring and training – In order to increase 638:Comparison of Canadian and American economies 584: 305: 249:Human Resources and Social Development Canada 8: 1029:Canadian Federation of Independent Business 256:The Canada Small Business Financing Program 591: 577: 569: 312: 298: 290: 844:Canada Development Investment Corporation 229:The Business Guide to Government Programs 108:Learn how and when to remove this message 904:Western Economic Diversification Canada 854:Canada Mortgage and Housing Corporation 266: 253:The Business Development Bank of Canada 239:Western Economic Diversification Canada 952:Federal financing for small businesses 1060:Canadian Index of Consumer Confidence 693:Public-private partnerships in Canada 7: 839:Canada Deposit Insurance Corporation 829:Atlantic Canada Opportunities Agency 244:Atlantic Canada Opportunities Agency 46:adding citations to reliable sources 879:Financial Consumer Agency of Canada 155:seeking to launch a new business. 14: 1065:International rankings of Canada 806:Social Union Framework Agreement 683:Provinces and territories by GDP 433:Saint Vincent and the Grenadines 22: 33:needs additional citations for 1024:Canada Development Corporation 643:Economic impact of immigration 1: 1039:Canadian Payroll Association 947:Federal Contractors' Program 558:United States Virgin Islands 628:Agreement on Internal Trade 201:or other private investors. 1107: 1034:Credit Institute of Canada 849:Canada Infrastructure Bank 775:List of tariffs in Canada 663:Interprovincial migration 606: 533:Saint Pierre and Miquelon 1044:Canadian Labour Congress 553:Turks and Caicos Islands 235:Development Corporations 1008:Toronto Stock Exchange 962:National Child Benefit 801:Minimum wage in Canada 770:Canadian import duties 744:Science and technology 483:British Virgin Islands 121:Federal financing for 942:Equalization payments 864:Department of Finance 653:Free trade agreements 423:Saint Kitts and Nevis 42:improve this article 927:Canada Savings Bond 899:Royal Canadian Mint 796:Canadian labour law 438:Trinidad and Tobago 333:Antigua and Barbuda 199:venture capitalists 780:Taxation in Canada 373:Dominican Republic 279:2006-11-29 at the 1086:Finance in Canada 1073: 1072: 988:Montreal Exchange 922:Transfer payments 633:Banking in Canada 600:Economy of Canada 566: 565: 455:other territories 233:Community Futures 118: 117: 110: 92: 1098: 593: 586: 579: 570: 523:Saint Barthélemy 453:Dependencies and 326:Sovereign states 314: 307: 300: 291: 284: 271: 195:Equity financing 123:small businesses 113: 106: 102: 99: 93: 91: 50: 26: 18: 1106: 1105: 1101: 1100: 1099: 1097: 1096: 1095: 1076: 1075: 1074: 1069: 1048: 1012: 971: 967:National Policy 914: 908: 859:CPP Investments 821: 815: 784: 758: 712: 708:Social programs 658:Great Recession 620: 614: 611:Canadian dollar 602: 597: 567: 562: 456: 454: 447: 321: 318: 288: 287: 281:Wayback Machine 272: 268: 263: 218: 216:Funding Sources 161: 140:loan guarantees 114: 103: 97: 94: 51: 49: 39: 27: 12: 11: 5: 1104: 1102: 1094: 1093: 1091:Small business 1088: 1078: 1077: 1071: 1070: 1068: 1067: 1062: 1056: 1054: 1050: 1049: 1047: 1046: 1041: 1036: 1031: 1026: 1020: 1018: 1014: 1013: 1011: 1010: 1005: 1003:S&P/TSX 60 1000: 995: 990: 985: 979: 977: 973: 972: 970: 969: 964: 959: 954: 949: 944: 939: 934: 932:Carbon pricing 929: 924: 918: 916: 910: 909: 907: 906: 901: 896: 891: 886: 881: 876: 871: 866: 861: 856: 851: 846: 841: 836: 834:Bank of Canada 831: 825: 823: 817: 816: 814: 813: 808: 803: 798: 792: 790: 786: 785: 783: 782: 777: 772: 766: 764: 760: 759: 757: 756: 754:Transportation 751: 746: 741: 736: 731: 729:Communications 726: 720: 718: 714: 713: 711: 710: 705: 700: 695: 690: 685: 680: 675: 670: 668:Land ownership 665: 660: 655: 650: 645: 640: 635: 630: 624: 622: 616: 615: 607: 604: 603: 598: 596: 595: 588: 581: 573: 564: 563: 561: 560: 555: 550: 545: 543:Sint Eustatius 540: 535: 530: 525: 520: 515: 510: 505: 500: 495: 490: 488:Cayman Islands 485: 480: 475: 470: 465: 459: 457: 452: 449: 448: 446: 445: 440: 435: 430: 425: 420: 415: 410: 405: 400: 395: 390: 385: 380: 375: 370: 365: 360: 355: 350: 345: 340: 335: 329: 327: 323: 322: 319: 317: 316: 309: 302: 294: 286: 285: 265: 264: 262: 259: 258: 257: 254: 251: 246: 241: 236: 230: 217: 214: 213: 212: 202: 192: 189: 179: 176: 172: 168: 160: 157: 144:income support 116: 115: 30: 28: 21: 13: 10: 9: 6: 4: 3: 2: 1103: 1092: 1089: 1087: 1084: 1083: 1081: 1066: 1063: 1061: 1058: 1057: 1055: 1051: 1045: 1042: 1040: 1037: 1035: 1032: 1030: 1027: 1025: 1022: 1021: 1019: 1017:Organisations 1015: 1009: 1006: 1004: 1001: 999: 998:Occupy Canada 996: 994: 993:NASDAQ Canada 991: 989: 986: 984: 981: 980: 978: 974: 968: 965: 963: 960: 958: 955: 953: 950: 948: 945: 943: 940: 938: 935: 933: 930: 928: 925: 923: 920: 919: 917: 911: 905: 902: 900: 897: 895: 892: 890: 887: 885: 882: 880: 877: 875: 872: 870: 867: 865: 862: 860: 857: 855: 852: 850: 847: 845: 842: 840: 837: 835: 832: 830: 827: 826: 824: 818: 812: 809: 807: 804: 802: 799: 797: 794: 793: 791: 787: 781: 778: 776: 773: 771: 768: 767: 765: 761: 755: 752: 750: 747: 745: 742: 740: 737: 735: 732: 730: 727: 725: 722: 721: 719: 715: 709: 706: 704: 701: 699: 696: 694: 691: 689: 686: 684: 681: 679: 676: 674: 671: 669: 666: 664: 661: 659: 656: 654: 651: 649: 648:Energy policy 646: 644: 641: 639: 636: 634: 631: 629: 626: 625: 623: 617: 613: 612: 605: 601: 594: 589: 587: 582: 580: 575: 574: 571: 559: 556: 554: 551: 549: 546: 544: 541: 539: 536: 534: 531: 529: 526: 524: 521: 519: 516: 514: 511: 509: 506: 504: 501: 499: 496: 494: 491: 489: 486: 484: 481: 479: 476: 474: 471: 469: 466: 464: 461: 460: 458: 450: 444: 443:United States 441: 439: 436: 434: 431: 429: 426: 424: 421: 419: 416: 414: 411: 409: 406: 404: 401: 399: 396: 394: 391: 389: 386: 384: 381: 379: 376: 374: 371: 369: 366: 364: 361: 359: 356: 354: 351: 349: 346: 344: 341: 339: 336: 334: 331: 330: 328: 324: 315: 310: 308: 303: 301: 296: 295: 292: 282: 278: 275: 270: 267: 260: 255: 252: 250: 247: 245: 242: 240: 237: 234: 231: 228: 227: 226: 224: 215: 210: 206: 203: 200: 196: 193: 190: 187: 183: 180: 177: 173: 169: 166: 163: 162: 158: 156: 154: 153:entrepreneurs 149: 145: 141: 137: 133: 129: 128: 124: 112: 109: 101: 98:December 2013 90: 87: 83: 80: 76: 73: 69: 66: 62: 59: –  58: 54: 53:Find sources: 47: 43: 37: 36: 31:This article 29: 25: 20: 19: 16: 951: 811:Trade unions 678:Oil reserves 608: 548:Sint Maarten 528:Saint Martin 352: 269: 219: 120: 119: 104: 95: 85: 78: 71: 64: 52: 40:Please help 35:verification 32: 15: 724:Agriculture 698:Public debt 518:Puerto Rico 428:Saint Lucia 378:El Salvador 209:tax credits 205:Tax refunds 159:Definitions 1080:Categories 983:Bay Street 894:PPP Canada 609:Currency: 513:Montserrat 508:Martinique 503:Guadeloupe 358:Costa Rica 261:References 223:Aboriginal 186:employment 175:financing. 148:subsidized 68:newspapers 937:Crow Rate 739:Petroleum 498:Greenland 413:Nicaragua 388:Guatemala 182:Subsidies 915:programs 822:agencies 717:Industry 463:Anguilla 398:Honduras 368:Dominica 343:Barbados 277:Archived 1053:Indices 976:Finance 913:Federal 820:Federal 749:Tourism 734:Fishing 688:Poverty 619:General 493:Curaçao 478:Bonaire 473:Bermuda 403:Jamaica 383:Grenada 338:Bahamas 82:scholar 789:Labour 621:topics 418:Panama 408:Mexico 353:Canada 348:Belize 165:Grants 132:grants 127:Canada 84:  77:  70:  63:  55:  468:Aruba 393:Haiti 136:loans 89:JSTOR 75:books 957:LLQP 538:Saba 363:Cuba 146:and 61:news 763:Tax 207:or 125:in 44:by 1082:: 142:, 138:, 592:e 585:t 578:v 313:e 306:t 299:v 111:) 105:( 100:) 96:( 86:· 79:· 72:· 65:· 38:.

Index


verification
improve this article
adding citations to reliable sources
"Federal financing for small businesses in Canada"
news
newspapers
books
scholar
JSTOR
Learn how and when to remove this message
small businesses
Canada
grants
loans
loan guarantees
income support
subsidized
entrepreneurs
Grants
Subsidies
employment
Equity financing
venture capitalists
Tax refunds
tax credits
Aboriginal
Community Futures
Western Economic Diversification Canada
Atlantic Canada Opportunities Agency

Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.