How much funding can be received?

Funds up to 50% of admissible expenses, capped at $15000 per project.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the MRC Beaharnois-Salaberry — Company succession?

MRC Beaharnois-Salaberry — Company succession is funded by MRC Beauharnois-Salaberry

What are MRC Beaharnois-Salaberry — Company succession's eligibility criterias?

The business to be acquired must be legally constituted under Quebec or Canadian law and have an establishment in Quebec. The applicant's project must have received financing from the Fonds local d'investissement (FLI) of the MRC or a municipality exercising MRC powers.

MRC Beaharnois-Salaberry — Company succession

Last Update: July 22, 2025

QC, Canada

Financial assistance for entrepreneurs acquiring Quebec businesses

MRC Beaharnois-Salaberry — Company succession at a glance

Eligible Funding

Max. $15,000
Up to 50% of project cost

Timeline

Unspecified

Financing Type

Grant and Funding

Expert Advice

Eligible Industries

All industries

Grant Providers

MRC Beauharnois-Salaberry

Program status

Open

Overview of the MRC Beaharnois-Salaberry — Company succession program

The MRC Beauharnois-Salaberry Company Succession program provides up to $15,000 in financial assistance, covering a maximum of 50% of eligible costs. This grant supports entrepreneurs and business successors with specialized services such as due diligence, business transfer agreements, and professional fees related to the acquisition or succession of a legally constituted company in Quebec.

Financing terms and conditions

Financial assistance covers up to 50% of the total eligible specialized service fees incurred.
The maximum aid amount per beneficiary is $15,000, excluding taxes.
Expenses incurred prior to the submission date of the financial aid application are not eligible.

Eligible projects & activities

Acquisition of a business by entrepreneurs obtaining a local investment fund loan.
Transfer of business ownership within families, to employees, or to external purchasers (including collective ownership transfers).

Eligibility criteria of the MRC Beaharnois-Salaberry — Company succession program

The applicant must be an entrepreneur receiving financing from a Fonds local d’investissement (FLI) of an MRC or a municipality with MRC powers.
The business to be acquired must be legally constituted under the laws of Quebec or Canada and have a physical establishment in Quebec.
If the successor is not incorporated, they must be a Canadian citizen or permanent resident.
The project must have obtained funding from the FLI of the relevant MRC or municipality, and can also be supported by the Fonds local de solidarité (FLS).

Who is eligible?

Entrepreneurs interested in acquiring a legally constituted business in Quebec
Family members, employees, or external buyers, including collective succession projects

Who is not eligible

Businesses not legally constituted under the laws of Quebec or Canada.
Companies without an establishment in Quebec.
Entrepreneurs not linked to a project financed by a Fonds local d’investissement (FLI) or equivalent municipal fund.
Applicants seeking funding for expenses incurred before the application is submitted.
Projects attempting to accumulate public aid of the same nature for the same initiative.

Eligible expenses

Costs for due diligence to determine the fair market value of a business.
Preparation fees for the business succession agreement.
Professional fees for specialists such as accountants, lawyers, notaries, or human resources experts involved in the business succession process.

Eligible geographic areas

Companies located in Quebec.

How to apply to the MRC Beaharnois-Salaberry — Company succession program

Verify eligibility requirements

Confirm eligibility for the program (benefit from FLI financing and have a project to acquire a business in Quebec)
Ensure the business to acquire is legally constituted in Quebec or Canada
Verify that the acquirer meets citizenship or residency requirements, if not incorporated

Gather required documents

Prepare required supporting documents (e.g., personal balance sheet, model)
Gather additional documentation as requested by program administrators

Complete application form

Complete the financial assistance application form
Ensure no expenses are incurred before the application submission date

Submit application

Submit the application and required documents to the program team
Contact program representatives for support if needed

Additional information

Public aid of the same nature from multiple sources for the same project will not be approved.
The professional engaged for business verifications must have proven expertise relevant to business succession projects.
The program provides a model personal balance sheet as a useful document for application preparation.
Additional supporting documents may be requested by the program administrators during the application process.