To support Canadian business leaders as they navigate COVID-19, this Candian Business Grant and Loan Guide is regularly updated.
Last updated Friday, February 12th, 2021
Small Business Funding & Grant Opportunities
During this time, additional Canadian government grants and small business loans have been developed to help with business expansion, research, capital investment, hiring, and training. The government-supported financing listed below shows options that are not restricted by industry, location, or demographics.
Government Fiancing
$10,000,000+ in funding available for various business initiatives & needs
- Funding for Technology-Enabled Innovations
- Amount: Up to $15,000
- Financial support for technology innovations
- Amount: Up to $10,000,000
- Funding to develop export markets
- Amount: Up to $75,000
- Money for international commercialization
- Amount: Up to $75,000
- Funding to enhance supply chains with AI
- Amount: Unspecified (Covers up to 50% of the costs of the project)
- Funding for a collaborative project to build capacity
- Amount: Unspecified
- Funding to develop next-generation technologies
- Amount: Unspecified (covers up to a max of 44% of costs)
Tax Credits
Loans & Capital Investment
$1,000,000+ in loan outs available.
- Capital and expertise to expand your business
- Amount: Unspecified
- Loan guarantee for capital purchases
- Amount: Up to $1 million
- Financing for Young Entrepreneurs
- Amount: Up to $20,000
- Loans to purchase equipment
- Amount: Unspecified (covers up to 125% of the cost of purchasing equipment)
- Loan to purchase or update technology
- Amount: Unspecified (covers up to 100% of the cost of investment)
- Loan to purchase real estate or expand facilities
- Amount: Unspecified (covers up to 100% of the cost of investment)
- Loan to grow a business
- Amount: Up to $250,000
- Working capital loan
- Amount: Unspecified (covers up to 100% of the cost of expenses)
- Business transition loan
- Amount: Amount: Unspecified (covers up to 100% of the cost of transition)
Wage Subsidies
- Money for SMEs and Non-Profits to hire youth
- Money to hire a student
- Wage subsidy for summer students
- Share the cost of hiring recent graduates
- Training subsidy for Indigenous youth
- Money to hire interns for “Green” projects
To view hundreds more industry, demographic, and location-specific funding options, please visit the Government of Canada’s Business Benefits Finder webpage to see all funding options you may qualify for.
To view our full library of COVID-19 resources, specifically designed to help Canadian business leaders navigate the ongoing pandemic, click here.
