Incentives, Financing and Tax Credits

 

Federal Support for Business

 

Programs Description Contact

Business Development Program

 

Provides unsecured, interest-free loan towards the eligible costs of a new establishment, expansion, modernization or a project which improves business competitiveness.

 

Funds up to 50% financing on capital investment.

 

Funds up to 75% financing on training, marketing, quality assurance and business support.

Atlantic Canada Opportunities Agency
1-800-668-1010

     

Atlantic Trade and Investment Partnership

Works in partnership with the private sector, academia, provincial governments to develop initiatives aimed at building an export economy in Atlantic Canada and attracting foreign direct investment to the region.

Atlantic Canada Opportunities Agency
1-800-668-1010

     

Atlantic Innovation Fund

Focuses on research and development projects in the area of natural and applied sciences, social sciences, humanities, arts and culture.

 

Provides assistance of up to 80%  (non-commercial) and up to 75% (commercial, private sectors) of eligible project costs.

 

Contributions to private sector are conditionally repayable based on commercial success of a project.

Atlantic Canada Opportunities Agency
1-800-668-1010

     

Canada Small Business Financing Program

Offers loans up to $500,000 to small businesses to finance the cost of capital investments (purchase or improvements of real property, leasehold improvements, new or used equipment.

 

This program is delivered by financial institutions on behalf of the federal government. Financial institutions are  responsible for all credit  decisions and for making the loans

Atlantic Canada Opportunities Agency
1-800-668-1010

 

Industry Canada

 

List of Lenders

     

Community Adjustment Fund (CAF) Program

Provides contributions up to 80% (for non-commercial projects), and for commercial projects,  up to 50% (for capital projects) or 75% (for non-capital projects) of eligible costs.

 

Eligible projects: forestry, mining, fisheries, agriculture, manufacturing.

 

Projects must be completed by March 31, 2001

Atlantic Canada Opportunities Agency
1-800-668-1010

     

Seed Capital Program

Provides loans to start, expand or improve a small business as well as acquire business skills training.

 

Funds up to $20,000 per applicant in the form of repayable, unsecured personal loan with flexible interest and repayment terms.

 

Funds up to $2,000 per applicant for specialized training and business counseling

Canada Business
CBDC Celtic

1-888-303-2232
     

Financial Assistance

Provides financial assistance to new and existing businesses that may have difficulties accessing capital from tradition lenders and are unable to quality or meet the credit standards of the conventional lending institutions.

 

Funds up to $150,000  in the form of loans, loan guarantees and equity financing

Community Business Development Corporation
1-888-303-2232