Canadian Small Business Grants
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Although the Canadian small business grants are the easiest to get, one must satisfy certain conditions to access them. The Canadian small business grants may easily be the most advertised and may be easiest to get depending on the physical location you want to set up the business. The Canadian small business grants are easily accessible and take no time to get credited to your account. Unlike other financial institutional grants and loans, the Canadian small business grants do not need any credit check and the procedures are easy to understand. However, there are certain requirements that one must fulfill in order to get the Canadian small business grants: - One must be a citizen of Canada. - Your specific industry must be listed as a needed industry.
- The industry must have sponsors so as to have the necessary funds. - The business must be listed as an import industry in the region it is listed. - One must also spend a certain amount of personal money on the venture.
Depending on the regional availability of the government grants you may or may not be eligible for the small businesses grant. At times, non-citizens of Canada can access the funds under special circumstances. These government grants do not have any tax deductions and come absolutely free. However, it is the use of these grants that is restricted to the purpose for which it was applied for. Businesses in the import-export industry, research and development, or improvement of the environment, stand a much higher chance in getting the government grant. Currently, special emphasis is given on developing alternative energy sources and green energy options. Regions in Canada that have been favored with loans in the past have been: - Northwest Territories - Grants to Small Business Program;- The government small business grants are for, co-operatives, small businesses, sole proprietorships or partnerships with less than $500,000 in gross sales. Licensed renewable resource harvesters, artists or even craft producers who may benefit from the grants, can get up to $5000 grant over the lifetime of any one business. - Farmers in Quebec - Establishment Grant for Aspiring;- This small business grant is meant for aspiring farmers between the ages of 18 and 40 who reside in Quebec and are just starting out in agriculture as a primary activity. The grant offered is up to $10,000 for projects involving sustainable development. Though the small business grants the Canadian government is offering are few in number, by putting yourself at the right position, you can easily avail the grants for funding your small business. |
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