Those who set up companies in Canada have many benefits, among them government grants being some of the most important. Just as important is to know that it does not matter if the company was registered by a resident or non-resident of Canada, as long as the company has a legal address here.
There are several aspects to consider when applying for grants offered by the Canadian government to companies established here, and one of the most important refers to the fact that there are various programs available.
Below, our Canadian company formation specialists explain what the main government grants for companies incorporated here are. If you need help in registering a company or accessing a grant, you can rely on our agents.
There are several types of grants a Canadian company can access. Among these are:
When deciding to access a government grant, it is advisable to ask for support in order to understand what the grant implies, as most of them have certain eligibility criteria. Our company registration consultants in Canada can help you choose the appropriate grant for your business.
Small businesses play an important role in the Canadian economy which is why the government is trying to support them through special grants and funding programs. The most important ones are:
If you are interested in any of the grants for small companies mentioned above, our local agents can offer more information about them. It is also important to know that there are certain requirements to be met in order to qualify as a small business.
If are interested in setting up a business in Canada, do not hesitate to ask for support from our consultants.
Both local and foreign investors who own companies in Canada can apply for government grants by following specific steps, however, each program can have its own platform or requirements and that is why the business owner needs to pay attention to these details.
It is advisable to verify and check if the company meets the criteria of the program selected and also draft a business plan that supports the idea.
At the moment, the government grants available for Canadian companies target industries like agriculture, healthcare, arts and culture, environment and research and development. However, the conditions of the grants can change on a yearly basis.
With respect to the tax credits available for companies, it is useful to know that some of them refer to property ownership in provinces like Ontario, credits for digital media and e-commerce activities, credits for creating new jobs and the well-known Small Business Deduction available at a national level.
Canada is one of the most appealing countries in the world, according to the following data:
For complete information and assistance in accessing government grants for companies incorporated in Canada, please contact our local representatives. We can also help you register small companies which qualify for special funding programs offered by the government.