CBDC Self Employment Assistance (Atlantic Region)

The CBDC Self Employment Assistance (Atlantic Region) grant provides financial assistance and a structured weekly allowance to support eligible unemployed individuals in their entrepreneurial endeavors. The financial modalities focus on maintaining income support through various phases of business establishment.

• Continuation of Employment Insurance (EI) benefits until the end of the claim period, followed by support at a provincially determined rate.
• Weekly allowance provided for approved participants who are not receiving Employment Insurance.

To be eligible for the Self Employment Benefit Program, certain criteria must be met by the applicant.

• The applicant must be unemployed.
• The applicant must be an Atlantic Canadian.
• The applicant must be receiving or have received Employment Insurance (EI) benefits within a certain timeframe, or be approved for the program and not currently receiving EI benefits.
• The applicant must demonstrate self-employment as a viable option based on strengths and needs assessment.
• The applicant must prepare a business plan that demonstrates the potential for success.

Who is eligible?

Eligible expenses

Some eligible expenses under the Self-Employment Benefit Program include:

• Business registration fees
• Marketing and advertising costs
• Equipment and supplies for your business
• Professional development or training related to your business
• Office rent or utilities

Eligible geographic areas

This grant is specifically tailored for unemployed individuals in the Atlantic Region of Canada, aiding them during the initial phase of their business ventures. Eligible geographical areas are determined by the regions covered under the program's guidelines.

• Newfoundland and Labrador
• Prince Edward Island
• Nova Scotia
• New Brunswick

The Self-Employment Benefit (SEB) Program in Canada has evaluation and selection criteria. Applicants are evaluated based on their business plan and must meet provincially established program criteria.

• Business plan demonstrating potential for success
• Compliance with provincially established program criteria
• Recommendation by the Self-Employment Benefit Coordinator
• Approval by the selection committee

Here are additional relevant details for this grant:

• The SEB Program is funded by the Government of Canada through labor market agreements with provincial governments.
• Programs and services available under the SEB Program may vary by region.
• The local Self-Employment Benefit Coordinator will provide detailed guidance on the development of the business plan and eligibility determination.