Business Financing in Canada
Funding is a crucial element for any business looking to start, grow, or innovate. In addition to traditional options such as bank loans or relying on investors, there is a frequently underestimated alternative: grants. This detailed guide explores the various sources of grants available, as well as the financial services and sustainable funding strategies for businesses in Canada. By following the outlined steps, entrepreneurs can identify grants suited to their projects, whether they are government programs, innovation funds, or initiatives specifically targeting certain sectors. Grants are an advantageous solution, often non-repayable, allowing businesses to fund their projects without resorting to debt.

CAAIN — 2024 Smart Farm Network Competition
- Maximum amount : 1,000,000 $
- Up to 40% of project cost
- Agriculture, forestry, fishing and hunting

Food & Agriculture Startup Competition
- Maximum amount : 1,000,000 $
- Agriculture, forestry, fishing and hunting
- Manufacturing

BC Manufacturing Jobs Fund (BCMJF) — Project Readiness
- Maximum amount : 50,000 $
- Up to 20% of project cost
- Agriculture, forestry, fishing and hunting

Aero Montreal — Accelerator 360°
- Up to 63% of project cost
- Manufacturing
- Transportation and warehousing

Canada Music Fund - New Musical Works Component
- No Condition
- All industries

Market Expansion Fund
- Maximum amount : 10,000 $
- Up to 75% of project cost
- Information and cultural industries

Multiculturalism and Anti-Racism Program – Events
- No Condition
- Information and cultural industries
- Educational services
- Health care and social assistance
- Arts, entertainment and recreation

Advisory Services Program — Component 2 – Support for the dissemination of information and business co-development activities
- Maximum amount : 5,000 $
- Agriculture, forestry, fishing and hunting
- Manufacturing
- Educational services

Cultural Facilities Operational Support Grant
- No Condition
- All industries

- Maximum amount : 10,000 $
- All industries

OAC — Dance Organizations: Operating
- No Condition
- Educational services
- Arts, entertainment and recreation

AFA — Indigenous Arts Individual Project Funding
- Maximum amount : 18,000 $
- Arts, entertainment and recreation

Epson's Focused Giving Community Relations Program
- No Condition
- Educational services
- Health care and social assistance
- Arts, entertainment and recreation

Alberta Innovates — Bioenergy and Circular Economy
- No Condition
- Manufacturing
- Professional, scientific and technical services
- Administrative and support, waste management and remediation services

- Up to 75% of project cost
- Accommodation and food services

- From $5,000 to $20,000
- All industries

- No Condition
- All industries

Energy Innovation Program — Methane Measurement and Mitigation
- Up to 75% of project cost
- Mining, quarrying, and oil and gas extraction
- Professional, scientific and technical services

Community Climate Action Grants
- Maximum amount : 50,000 $
- Educational services
- Arts, entertainment and recreation
- Other services (except public administration)
- Public administration

Alberta Innovates — Summer Research Studentships
- From $50,000 to $1,900,000
- Health care and social assistance

Policy Development Contribution Program
- No Condition
- Public administration

Business Foundations
- From $2,000 to $10,000
- Up to 100% of project cost
- Information and cultural industries

Explore Québec on the Road Program
- Maximum amount : 25,000 $
- Up to 25% of project cost
- Transportation and warehousing
- Arts, entertainment and recreation
- Accommodation and food services

Newfoundland and Labrador Multiculturalism Grant Program (NLMGP)
- Maximum amount : 1,500 $
- All industries

Culture and Heritage Grants and Contributions Program - Toponomy
- Maximum amount : 50,000 $
- All industries
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Territorial and sectoral development program — Stream 1.1
- From $5,000 to $50,000
- Up to 80% of project cost
- Agriculture, forestry, fishing and hunting

Upskilling for Industry Initiative (UII)
- Up to 50% of project cost
- Manufacturing
- Information and cultural industries
- Professional, scientific and technical services
- Educational services

Music PEI Funding Program
- No Condition
- Arts, entertainment and recreation
Community Board Grants
- Maximum amount : 20,000 $
- All industries

Recruitment, Retention and Innovative Skills
- Maximum amount : 250,000 $
- Up to 70% of project cost
- Agriculture, forestry, fishing and hunting

Culture and Heritage Grants and Contributions Program - Community Radio
- Maximum amount : 15,000 $
- All industries

Communities and Artists Shifting Culture (CASC) - Cultural Project Grants Program
- From $2,500 to $15,000
- Up to 75% of project cost
- Information and cultural industries
- Arts, entertainment and recreation

Work Commissioning Assistance Grant
- From $1,000 to $3,000
- All industries

- From $15,000 to $15,000
- Up to 75% of project cost
- Information and cultural industries
- Arts, entertainment and recreation

Community Initiatives Program (CIP) Project-Based
- Up to 50% of project cost
- Arts, entertainment and recreation
- Other services (except public administration)
- Public administration

Grassroots Growth Program
- Up to 50% of project cost
- Agriculture, forestry, fishing and hunting

Self-Employment Assistance
- No Condition
- All industries

- Maximum amount : 500,000 $
- Up to 75% of project cost
- All industries

Rouyn-Noranda — FQM Business Succession Program
- Maximum amount : 15,000 $
- Up to 50% of project cost
- All industries

Regional Tile Drainage Initiative
- Maximum amount : 500 $
- Up to 50% of project cost
- All industries

Regional Economic Growth Through Innovation & Southern Ontario Prosperity Program — Not-for-profit organizations
- Minimum amount : 125,000 $
- Up to 50% of project cost
- Manufacturing
- Information and cultural industries
- Professional, scientific and technical services
- Educational services

Toronto Eco-Roof Incentive Program
- Maximum amount : 100,000 $
- Up to 20% of project cost
- All industries

- From $5,000 to $15,000
- Up to 45% of project cost
- Agriculture, forestry, fishing and hunting
- Mining, quarrying, and oil and gas extraction
- Utilities
- Construction

Workforce Training and Employment — Employment Partnerships
- No Condition
- All industries

Forest Biomass Program — Exploring biomass pathways stream
- Maximum amount : 130,000 $
- Up to 80% of project cost
- Agriculture, forestry, fishing and hunting

One-time assistance for Indigenous media
- Maximum amount : 50,000 $
- Up to 90% of project cost
- Information and cultural industries

Inclusive Spaces Program Grant
- Up to 10% of project cost
- Educational services
- Health care and social assistance

Accelerating Innovations into CarE (AICE) – Validate
- Maximum amount : 300,000 $
- Up to 25% of project cost
- Health care and social assistance

CQDM — PARTENAR-IA — Academic
- Maximum amount : 1,500,000 $
- Up to 50% of project cost
- Health care and social assistance

- No Condition
- All industries
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Atlantic Fisheries Fund — Science Partnerships
- No Condition
- Agriculture, forestry, fishing and hunting
- Manufacturing
- Professional, scientific and technical services

Enbridge Gas Quebec — Cash incentives – Air Curtain
- From $400 to $10,500
- Manufacturing
- Wholesale trade
- Transportation and warehousing

MRC Brome-Missisquoi — Residential Adaptation Assistance Program (RAAP)
- Maximum amount : 50,000 $
- All industries

- Maximum amount : 50,000 $
- Up to 50% of project cost
- Manufacturing
- Information and cultural industries
- Professional, scientific and technical services
- Arts, entertainment and recreation

- No Condition
- Agriculture, forestry, fishing and hunting

Multiculturalism and Anti-Racism Program – Projects
- No Condition
- Information and cultural industries
- Educational services
- Arts, entertainment and recreation
- Other services (except public administration)

Youth Climate Action Grants
- Maximum amount : 1,000 $
- Educational services

CALQ — Distribution of works in Quebec
- Up to 75% of project cost
- Information and cultural industries
- Arts, entertainment and recreation

Documentary + Factual Development Fund
- Maximum amount : 15,000 $
- Up to 30% of project cost
- Information and cultural industries

Skills Development Fund (SDF) — Capital Stream — SEED Pathway
- Maximum amount : 200,000 $
- Up to 70% of project cost
- Construction
- Manufacturing
- Educational services
- Health care and social assistance

Recreation Grant - Operational Funding
- Maximum amount : 5,000 $
- All industries

NGen — Advanced Manufacturing Projects
- Up to 37% of project cost
- Manufacturing

ECHO Foundation — Environment
- No Condition
- Health care and social assistance
- Other services (except public administration)
- Public administration

Greening Partnership Grant
- From $5,000 to $100,000
- Up to 50% of project cost
- Agriculture, forestry, fishing and hunting
- Educational services
- Other services (except public administration)
- Public administration

TD — Friends of the Environment Foundation Grant (TD FEF)
- No Condition
- Educational services
- Public administration

Canadian Institutes of Health Research — Project Grant : Fall 2025 and Spring 2026
- Up to 46% of project cost
- Professional, scientific and technical services
- Educational services
- Health care and social assistance

Bell Canada - Bell Let's Talk Community Mental Health Fund
- Maximum amount : 25,000 $
- All industries

Smart and Caring Community Grants
- No Condition
- All industries

Canada Arts Presentation Fund - Development
- No Condition
- All industries

Farm and Ranch Water Infrastructure Program (FRWIP) — Dugout, Pipeline and Well Rebate
- No Condition
- Agriculture, forestry, fishing and hunting

CME’s Technology Investment Program
- Maximum amount : 50,000 $
- Up to 50% of project cost
- Manufacturing

Collaborative Industrial Research and Support to Innovative Entrepreneurship — Stream 2
- Maximum amount : 350,000 $
- Up to 30% of project cost
- Manufacturing
- Information and cultural industries
- Professional, scientific and technical services

Sector development program
- No Condition
- Agriculture, forestry, fishing and hunting

Efficiency Nova Scotia — Beneficial Management Practices Program
- Maximum amount : 30,000 $
- Up to 50% of project cost
- Agriculture, forestry, fishing and hunting

Cultural Funding - Major arts, cultural festivals, agricultural fairs programs
- No Condition
- Agriculture, forestry, fishing and hunting
- Arts, entertainment and recreation
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Business / Arts - artsvest Regional
- Maximum amount : 5,000 $
- Arts, entertainment and recreation

Alberta Innovates — Voucher Program
- From $10,001 to $100,000
- Up to 75% of project cost
- Information and cultural industries
- Professional, scientific and technical services

Economic Development Capacity Building
- Maximum amount : 50,000 $
- Up to 50% of project cost
- All industries

Farm and Ranch Water Infrastructure Program (FRWIP) — Well Decommissioning and Special Projects Pre-Approval
- From $500 to $10,000
- Up to 90% of project cost
- Agriculture, forestry, fishing and hunting

Musicaction — Support for music entrepreneurs and organizations working in Francophone OLMCs
- Maximum amount : 75,000 $
- Up to 90% of project cost
- Arts, entertainment and recreation

Community Funding - Snow Go Programs
- Maximum amount : 450 $
- Up to 50% of project cost
- Health care and social assistance

Ontario Labour Market Partnerships (OLMP)
- No Condition
- All industries

Techno-Economic Profile Assistance Program
- Maximum amount : 90,000 $
- Up to 75% of project cost
- All industries

Partners for Places Grant
- From $45,000 to $150,000
- Up to 50% of project cost
- All industries

Honorific grants 2025 – Entreprendre ici
- Maximum amount : 25,000 $
- All industries

MRC Deux-Montagnes — Créavenir
- Maximum amount : 5,000 $
- All industries

Workplace Education Initiative (WEI)
- No Condition
- All industries

Rural Growth Initiative - Inclusive Communities Program
- Maximum amount : 2,500 $
- All industries

Prospecting Assistance (PA) Grants
- Maximum amount : 12,000 $
- Mining, quarrying, and oil and gas extraction

Original Peoples Investment Program
- Maximum amount : 30,000 $
- All industries

Theatrical documentary program — Indigenous stream
- Maximum amount : 175,000 $
- Information and cultural industries
- Arts, entertainment and recreation

Crop and Livestock Sector Development (CLSD)
- Maximum amount : 150,000 $
- Up to 70% of project cost
- Agriculture, forestry, fishing and hunting

Capital Project Grants - Downtown Eastside (DTES) Plan Grants
- No Condition
- Educational services
- Health care and social assistance
- Arts, entertainment and recreation
- Other services (except public administration)

Genome Prairie — Canadian Biotechnology Innovation and Commercialization (CBIC) Initiative
- From $100,000 to $2,000,000
- Up to 33% of project cost
- Manufacturing
- Professional, scientific and technical services
- Health care and social assistance

- Up to 80% of project cost
- All industries

- From $5,000 to $50,000
- Arts, entertainment and recreation
- Other services (except public administration)

General Admission Festivals Program
- From $5,000 to $15,000
- Arts, entertainment and recreation

CFIN NextGen Food Innovators
- From $5,000 to $10,000
- Up to 100% of project cost
- Accommodation and food services

- Up to 60% of project cost
- Information and cultural industries
- Arts, entertainment and recreation

Elders Grants
- Maximum amount : 8,000 $
- All industries