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Government Sources of Financing

spilled coins from the jar
Source

The federal and provincial governments offer a variety of programs for small businesses to help you start up, expand or improve your business.

The majority of government funding programs are typically loans, for which you’ll be required to repay the principal amount plus interest.

Useful Websites

This program makes it easier for small businesses to get loans from financial institutions by sharing the risk with lenders. The federal government guarantees a loan made by the bank - up to a maximum of $1.15 million - for you to do things such as purchase land, a building, vehicles or equipment to start your business.
You could receive a negotiated wage subsidy to hire eligible youth between the ages of 15 and 29
Provides funding to employers to support skills training for their workforces. You could get up to $300,000 to help cover the cost of skills training.