- No Condition
The best grants for small businesses in Ontario in 2024
Ontario is an important part of Canada's economy. As such, it naturally offers a wide range of grants and financing to small businesses. These opportunities are designed to stimulate growth, encourage innovation and help entrepreneurs realize their ambitions and financing. This 2024 guide is your complete resource for navigating the landscape of grants available in Ontario, helping you find the financial support you need to thrive. There's bound to be a grant available for you, or government assistance to help you get your projects off the ground without impacting your financial situation.
What grant programs are available to small businesses in Ontario?
Grants for small businesses in Ontario are varied, covering sectors ranging from technology and agriculture to retail and services. These financial aids, ranging from partial repayments to non-repayable contributions, are designed to support businesses at different stages of their development.
What financial support services are available for small businesses in Ontario?
After Covid, a great deal of support became available, but there was no clear pattern to the arrival and withdrawal of support for businesses. We made this observation over a period of several years, not only in Ontario but also in the other provinces of Canada. To help you, here's the list
What are the eligibility criteria for small businesses in Ontario to benefit from government subsidies?
If you look at all the programs we've selected for small businesses in Ontario, the information you need to provide is almost always different. Certain benefits may be available depending on the health of the company, how long it has been in business, the reason for the request, or its digital maturity, such as the integration of a CRM or ERP to develop workplace efficiency.
The same grant can also work with companies in different sectors. The most important eligibility criterion for applying for grants may then be the reason for the project. There are benefits to be financed, such as digital development and marketing, the needs of employers in the context of their work, or for the good health of the company, there is government aid for a reduction in your tax bill, or loans with a 0% interest rate, or financing with a preferential rate that can be guaranteed with the BDC, for example.
How can small businesses in Ontario obtain grants to help create jobs in the province?
In business development, the need for new employees can sometimes arise, and this requires entrepreneurs to apply online to the various granting agencies. Some grants can be combined with an initial dollar amount, for example, to finance a project and give you new investment capacity.
What training services are available to small businesses in Ontario to help develop their employees' skills?
Developing your employees' skills is very important for a number of reasons. There can be online training to quickly learn new skills without any specific certification. In the context of job development and evolution, training can be very interesting, with the possibility of bonuses for employees who follow through. You'll find plenty of online resources to guide and help you.
After the Covid period, the government set up a number of aid projects to help people who want to train and evolve. The various training courses can represent significant costs for companies, especially if you're based in large cities like Toronto, where the cost of development is above the Canadian average.
If training courses lead to certification, they may entitle you to a tax credit to help you adjust your projects and manage your employees. Repayment of training subsidies is sometimes simpler to arrange, and once payment has been made, repayment periods are shorter. This ensures that your dollars remain in good financial health. Innovation grants, for example, take longer to obtain, especially for smaller companies.
Conclusion: Seizing Opportunities in 2024
The year 2024 is rich in opportunities for small businesses in Ontario looking to grow and innovate. With the right support and information, your business can take full advantage of the grants and financing available. This guide is the first step towards achieving your business goals in Ontario.
Sort by : Featured
Show 5 grants
Comment faire une demande de subvention réussie
Applying for a grant may seem complex, but with the right information and preparation, the chances of success are greatly increased. This segment details the application process, the necessary documents, and tips for a convincing application. To apply and register for programs, it is strongly recommended to have a specific project. Here are a few examples of eligible projects:
Here are some examples of eligible projects:
- Research and development of a physical product
- Employee training as part of restructuring
- Creating a specific new job within the company
- Increasing the number of employees to expand internationally or in the United States
- Diversify activities in an in-demand sector
- Apply for financing to purchase industrial machinery
- Optimize costs through digital transition
- Invest locally if you are in large cities like Toronto or in more remote areas.
