This varies based on the service package you select:
|We provide you with an updated list of grants.
|We provide grant summaries and best practices and you have the option to access our grant consultants through a pay-per-use service.
|This varies depending on which grant you apply for. We manage the entire grant process from research to claim. However, we do need input from your team to ensure strong grant applications.
In all 3 of our service packages, you will be notified via email for new and changes to grants that match your business.
Through our Premium Service package, your grant consultants will inform you of new grant that match your business needs throughout the year through quarterly check-ins and annual strategy meetings.
We work with a range of industries because grants that are often industry agnostic. Check out our blog posts for success stories
- Hiring entry-level positions or co-op students
- Investing in external training for staff
- Expanding into new foreign markets (requires min. revenue from last year)
Although GetGranted includes Research and Development (R&D) grant programs, our expertise is in accessing hiring, training, and market expansion grants for our clients. We have partners who can assist with R&D programs and tax credits.
This varies depending on the grant. Here’s an overview of the timeline for each type of grant:
- Hiring grants: ~2 weeks
- Training grants: up to 3 months
- Market Expansion grants: 3-6 months
- Research & Development grants: 3-6 months
There is a field in your Corporate T2 Return form for grant funding specifically. It should be considered an offset of expenses as it is calculated as a separate line item in Revenues. Here is a document that may be helpful as there are different circumstances for different grants.
In our T2 Return form, the grant is claimed under Other Income → Other Revenue under GIFI 8230 terms.
For more information on this subject, please consult with an accountant.
There are grants available for businesses of any size. There is a greater selection of grants for businesses in operation for more than one to two years.
There are some limited grants that solopreneurs qualify for because the government want to verify that you have made it past the two year mark.
You can still apply for grants if you just started your business, but there is a limited selection of grants available. Most new businesses need funding for initial R&D or market research, which grants do NOT cover.
No. It’s on our wishlist too. The government does not support ongoing business operations.
Grants are from the government of Canada, municipalities, and provincial governments. If you are a non-profit or charity, there are also grants through foundations, however these are very different than the grants available for businesses.
Grants that support businesses are often centered on employment, upskilling, market expansion in foreign countries, and research & innovation.
The grant amount varies on the type of grants.
It would be hard for us to pinpoint the “best” time to get grants, because they appear and close all year round. Grants change all the time because government budgets change or priorities change too.
Often times, companies find a grant but they don’t leverage the best one for their business. For example, a clean tech company may be hiring a junior role. They see the first hiring grant ($2800 in wage subsidy) and they apply. Little do they know, there’s another grant for hiring that covers $15,000 of the wage subsidy.
It’s hard to keep up on all the grants available. Grants are our business and we look at grants 24/7 and we have a dedicated research team to keep up with grant changes or new grants. With GetGranted, you can rely on our research team to keep you up to date.
The government is focused on employment opportunities for youth (defined as recent graduates or students).
There are no hiring grants for contractors because the government wants to encourage full-time employment. The grantors usually ask a minimum of 30 to 40 hours per week to ensure that the employment experience meets the purpose of the program. The closest thing to a short-term hire are co-ops or internships positions.
You also cannot use a hiring grant on an existing employee because the government is trying to create MORE job opportunities to boost the economy.
Training grants cover external training for your staff. The training grants varies across provinces, so rules are different. You must be approved before starting your course. Training grants, like most grants, require you to pay upfront and claim reimbursement afterwards. This is a very rewarding grant for business owners to grow and scale themselves and their staff!
These grants support expansion into new foreign markets. Canadian governments don’t want to support competition within provinces so they would rather encourage businesses to expand to new markets to increase visibility of Canadian products worldwide.
Since market expansion grants are a much higher dollar amount, the government needs to ensure that companies have the capacity to support the market expansion activities and they typically look at the revenue to indicate that. It varies for grants but it usually requires a minimum revenue threshold (approximately $20,000 to $50,000,000) to apply because companies must be able to pay all the cost upfront and get reimbursed after. This is why program grantors usually look at a certain revenue to see if companies can support this.
Quality system are types of grants for companies wanting to implement standard operating procedures to meet the industry standards for a particular certification (i.e. TS, ISO, HACCP, etc.) to heighten the quality of their manufacturing process and improve quality and traceability.
Grants are difficult, but we got you! Don’t hesistate to reach out to us.