Federal Government

Jobs and Growth Fund (JGF)

by Maurice | June 7, 2023

Amount:

No Fixed Amount

Type of Program:

Grants & Loan

Description:

The Jobs and Growth Fund (JGF) provides funding to businesses and organizations to help create jobs and position local economies for long-term growth.

Comments on Funding:

Funding will take the form of:

interest-free repayable contributions for up to 50% of eligible costs for eligible businesses;
non-repayable contributions for up to 90% of eligible costs for not-for profit organizations.
Indigenous-led organizations and/or businesses are strongly encouraged to apply.

The JGF has a continuous intake process, meaning that applications are accepted on an ongoing basis. However, the program is set to run for three years, with an expected end date of March 31, 2026.

Applicants are encouraged to submit their applications as early as possible to allow sufficient time for processing and evaluation.

Indigenous-led organizations and/or businesses are strongly encouraged to apply.

Under the initiative, RDAs may contribute up to 100% of eligible project costs for projects with Indigenous clients.

When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

Applicants must be:

businesses, including co-operatives,
not-for-profit organizations and community economic development partners.

Successful applicants for the JGF will be selected based on a range of criteria, including:

The ability of the project to create jobs and support economic growth in the region
The degree to which the project aligns with the objectives of the JGF, including transitioning to a green economy, fostering an inclusive recovery, enhancing competitiveness, and creating jobs across Canada
The extent to which the project demonstrates innovation, collaboration, and community engagement
The feasibility and sustainability of the project, including the capacity of the applicant to manage and deliver the project effectively

Among the program's eligible activities are activities that foster an inclusive recovery, including those that support businesses owned or majority-led by under-represented groups, such as Indigenous peoples, members of racialized communities, women, youth, LGBTQ2, persons with disabilities, newcomers to Canada, and members of official language minority communities.

Application Steps:

Applicant must consult the applicant guide

Applicant must fill out the Jobs and Growth Fund application form online

Applicant must send the form through the application for financial assistance page or by mail to the ACOA regional office in your province.

Documentation Needed:

For-profit applicants must submit a completed application form and the following supporting documents:

1
incorporation documents and information on ownership (names and percentage of ownership),
2
financial statements (current and last two years),
3
research and development (r&d) project plan, business plan and/or marketing plan,
4
supplier quotes,
5
copies of relevant permits and licences,
6
other relevant documents (specify).

Not-for-profit applicants and other applicants must submit a completed application form and the following supporting documents:

1
constituting / incorporating documents and list of directors/members of the board,
2
financial statements (current and last fiscal year),
3
description and mandate of the applicant, including the management and qualifications of key personnel,
4
HST rebate information (I.E. rebate rate),
5
one of the following two items is required: research and development (r&d) project plan or detailed project description, including milestones, costs, financing, key partnerships established and evidence of support from the community,
6
supplier quotes,
7
copies of relevant permits and license's,
8
other relevant documents (specify).

Other Things to Note:

1
The JGF will provide $700 million over three years (2021-2022 to 2023-2024) across Canada to support business financing. This support for regional recovery and stimulus will position local economies for long-term growth by transitioning to a green economy, fostering an inclusive recovery, enhancing competitiveness, and creating jobs in every corner of the country.
2
Applications will be accepted on a continuous intake basis until such time as the funding is fully allocated.
3
The fund, delivered by Canada's regional development agencies (RDAs), provides $700 million nationally over three years, which includes up to $70 million dedicated to businesses created after January 2020 that meet eligibility criteria.
4
In Atlantic Canada, the Atlantic Canada Opportunities Agency (ACOA) is investing $70 million to help job creators and the organizations that support them to future-proof their businesses, build resiliency and prepare for growth by transitioning to a green economy, fostering an inclusive recovery, enhancing competitiveness, and creating jobs in every corner of the country.
5
Date modified: 2022-03-15.

Program Contact:

Jobs and Growth Fund

APPLICATION FOR FINANCIAL ASSISTANCE JOBS AND GROWTH FUND

JOBS AND GROWTH FUND APPLICANT GUIDE

Atlantic Innovation Fund (AIF)

by Maurice | June 7, 2023

Amount:

$3,000,000.00

Type of Program:

Grants & Loan

Description:

The Atlantic Innovation Fund (AIF) is helping Atlantic Canada compete at home and abroad by supporting the development of innovative products and services that lead to commercial success. AIF helps researchers and innovative businesses team up to develop new products and services and put them on the market.

Comments on Funding:

Funding is up to 80% of total eligible costs for projects led by not-for-profit organizations. Contributions to not-for-profit organizations are non-repayable

Funding is up to 75% of total eligible costs for private-sector-led projects. Contributions to the private sector are conditionally repayable based on the commercial success of a project.

It should be noted that the AIF assistance for eligible building and major renovation costs would not normally exceed 30% of the costs.

Eligible costs could include wages, salaries, capital costs and other operating expenses directly related to the project. The AIF assistance for eligible building and major renovation costs would not normally exceed 30% of the costs.

Funding for innovation project ranges from $500,000 to $3 million. Innovation projects of less than $500,000 may be eligible under ACOA’s Business Development Program.

Types of Projects Eligible for Atlantic Innovation Fund:

The AIF provides funding for a wide range of projects that support innovation and economic growth in Atlantic Canada. Eligible projects may include:

Research and development of new products, services, and technologies
Commercialization of innovative products, services, and technologies
Development of new or improved processes, systems, and technologies
Creation of research and commercialization partnerships among businesses, universities, and research institutions

Evaluation Criteria for Atlantic Innovation Fund:

The AIF evaluates applications based on several criteria. According to the Atlantic Canada Opportunities Agency (ACOA), projects must meet the following essential criteria to be considered for funding:

- Be compatible with AIF objectives
- Be scientifically and/or technically sound
- Demonstrate management capability to successfully undertake the project
- Demonstrate significant economic benefits for Atlantic Canada

In addition to the essential criteria, the AIF also considers the following desirable criteria:

- Includes private sector participation (for institutional proposals)
- Fills a gap in the Atlantic system of innovation
- Improves innovation capacity of the private sector
- Is pan-Atlantic in scope

When It Ends:

Ongoing

Deadline:

Rolling Deadline

Eligibility:

Applicant must be:

private-sector businesses,
universities, colleges,
non-government research institutions,
provincial Crown corporations operating in Atlantic Canada.

Application Steps:

Applicant must complete a Project Concept Template and submit it to the ACOA office nearest to them. ACOA will contact them to confirm receipt and to discuss their project.

Applicant must complete and submit the Application for Financial Assistance form, once they have discussed their project with ACOA.

Documentation Needed:

For-profit applicants must submit a completed application form and the following supporting documents:

1
incorporation documents and information on ownership names and percentage of ownership
2
fully repayable contributions up to $500,000 for up to 75% of eligible costs
3
R&D project plan, business plan and/or marketing plan,
4
supplier quotes,
5
copies of relevant permits and licenses,
6
other relevant documents (specify).

Not-for-profit applicants and other applicants must submit a completed application form and the following supporting documents:

1
constituting/ incorporating documents and list of directors/members of the board,
2
financial statements (current and last fiscal year),
3
description and mandate of the applicant, including the management and qualifications of key personnel,
4
HST rebate information (I.E. rebate rate),
5
one of the following two items is required: (R&D) project plan or detailed project description, including milestones, costs, financing, key partnerships, established evidence of support from the community,
6
supplier quotes,
7
copies of relevant permits and licenses,
8
other relevant documents (specify).

Other Things to Note:

Date modified: 2022-08-16

Program Contact:

Atlantic Innovation Fund

Application for financial assistance

Atlantic Innovation Fund: Frequently Asked Questions

APPLICATION FOR FINANCIAL ASSISTANCE

Atlantic Fisheries Fund

by Maurice | February 5, 2023

Amount:

No Fixed Amount

Type of Program:

Grants

Description:

The Atlantic Fisheries Fund is intended to help the fish and seafood sector in Newfoundland and Labrador, Nova Scotia, New Brunswick and Prince Edward Island to transition to meet the growing demand for seafood globally. Its aim is to bring high value, high quality and sustainable products to markets at home and around the world.

It supports: innovation to encourage new products and technologies, infrastructure to encourage capital investments in new products, processes or technologies, and science partnerships between industry, academia, and other research institutions to improve knowledge.

Comments on Funding:

No other details available.

When It Ends:

Ongoing

Deadline:

Rolling Deadline

Eligibility:

Applicants must:

be indigenous groups,
be commercial enterprises, including fishers, aquaculturists and seafood processors,
be universities and academics,
be industry associations and other non-profits,
be other organizations, such as research institutions and provincial crown corporations,
reside in a participating province,
be active in or support activities related to the fish and seafood harvesting, processing or aquaculture sectors,
demonstrate maximum economic benefits accruing to the Atlantic Region.

Application Steps:

Applicants must complete the application form,

Applicants must complete the appropriate proposal in both paper and electronic format (on a memory stick), depending on the area of interest (innovation, infrastructure or science partnerships),

Applicants must prepare all supporting documents,

Applicants must submit the above-mentioned documents by mail or courier.

Documentation Needed:

Commercial applicants must submit a completed application form and the following supporting documents:

1
one of the following plans/proposals: complete business plan, research and development (r&d) project plan, science partnership research proposal,
2
incorporation documents,
3
financial statements (current and last two years),
4
financial projections (three years; only required for projects over $100k),
5
supplier quotes,
6
copies of relevant permits and licences (e.g. fishing licences or aquaculture permits)
7
other relevant document (specify).

Not-for-profit and other applicants must submit a completed application form and the following supporting documents:

1
one of the following plans/proposals: complete business plan, research and development (r&d) project plan, science partnership research proposal,
2
constituting / incorporating documents,
3
financial statements (current and last fiscal year),
4
hst rebate information (i.e. rebate rate),
5
supplier quotes,
6
copies of relevant permits and licenses,
7
other relevant document (specify).

Other Things to Note:

1
The Atlantic Fisheries Fund is a contribution program funded jointly by the federal, provincial and territorial governments. It will invest over $400 million over 7 years to support Canada’s fish and seafood sector. The federal government will provide 70% of the funding, and 30% will come from participating provinces and territories. The national component of the fund is called the Canadian Fish and Seafood Opportunities Fund, and has a separate application process.
2
Applications will be accepted until all available funding for the fiscal year has been allocated to projects. Funding will become available again in the next fiscal year.
3
Date modified: 2022-10-12 – Source 1.

Program Contact:

Atlantic Fisheries Fund

Apply to the Atlantic Fisheries Fund

form-formulaire-eng.pdf

Space Technology Development Program (STDP)

by Maurice | February 5, 2023

Amount:

No Fixed Amount

Type of Program:

Grants

Description:

The Space Technology Development Program (STDP) provides funding to for-profit and not-for-profit organizations established and operating in Canada for projects that:

1
. reduce technological unknowns of future space missions, and
2
stimulate industrial innovation and strengthen core capabilities in order to increase industrial readiness and competitiveness of Canadian space companies.

Comments on Funding:

Funding will take the form of a grant, and will be provided for each open project opportunity.

When It Ends:

Ongoing

Deadline:

Specific deadline for each call for proposal

Eligibility:

Applicants must be:

for-profit and not-for-profit organizations,
established and operating in Canada.

Only for-profit organizations established and operating in Canada are eligible to be awarded non-repayable contributions.

Application Steps:

Specific application steps will be provided for each open funding opportunity.
Applicants must read the information of the call for proposals they are interested in.

Documentation Needed:

Application documentation is specific to each open funding opportunity.

Other Things to Note:

There is currently no open call for proposals. However, potential applicants who would like to discuss a specific project or innovative idea should contact pdts-stdp@asc-csa.gc.ca.

Date modified: 2021-05-27

Program Contact:

About the Space Technology Development Program (STDP)

Provincial and Territorial Foreign Tax Credits

by Maurice | February 5, 2023

Amount:

No Fixed Amount

Type of Program:

Tax Credit

Description:

The provincial or territorial foreign tax credit is available to corporations and can be claimed for taxes it paid to another country on foreign non-business income. This credit reduces the provincial tax otherwise payable.

Comments on Funding:

No other details available.

When It Ends:

Ongoing

Deadline:

Rolling Deadline

Eligibility:

The applicant must:

be a corporation,
be resident in Canada throughout the tax year,
have a permanent establishment in the province or territory at any time in the tax year,
have a foreign investment income for the tax year,
have the foreign non-business income tax paid exceeding the federal foreign non-business income tax credit deductible for the year.

This tax cannot be claimed for the provinces of Quebec and Alberta on the federal return, because these provinces collect their own income taxes.

Application Steps:

No specific steps have been identified.

Documentation Needed:

To claim the foreign tax credit, applicants must complete Schedule 21, Federal and Provincial or Territorial Foreign Income Tax Credits and Federal Logging Tax Credit. On the appropriate lines of part 2 of Schedule 5, Tax Calculation Supplementary – Corporations, they must enter the applicable provincial and territorial foreign tax credits.

Other Things to Note:

Date modified: 2022-05-16

Program Contact:

Provincial and territorial foreign tax credits

Federal Government

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