Applying for Grants in Canada
Small businesses can gain access to government funding or third-party assistance to help them with their business. These grants can take the form of non-repayable contributions as well as repayable contributions, like an interest-free loan or partially repayable loans. In some cases, government assistance comes in a tax credit, like Yukon’s children arts tax credit.
Whatever form the grant contribution comes in, businesses will need to provide specific evidence of their financial need. For example, when starting a Yukon grant application process, you would need to ensure your business’s needs fit the program’s guidelines to successfully access funding.
Therefore, when applying for Northwest Territories, Nunavut, or Yukon grants, you will need to gather pertinent business information, like the below list, to help you with the process:
- A business plan or project plan including a mission statement, project scope, budget, and timeline
- The business’s licenses and registrations to legally operate within the province, as well as any other legal licensing needed for the industry
- The business’s financial statements illustrate yearly revenue generation and income of the business owner
- A list of employees including the total number of full-time and part-time employees
- Any references or letters of recommendations