For-profit entities

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

Nova Scotia Innovation Equity Tax Credit

by Maurice | June 7, 2023

Amount:

$ 112,500

Type of Program:

Tax Credit

Description:

The Innovation Equity Tax Credit (Innovation ETC) is a non-refundable personal and corporate income tax credit available to eligible investors who invest in an approved corporation. The credit is meant to encourage investors to make equity capital investments in eligible Nova Scotia small and medium corporations engaged in innovative activities.

Comments on Funding:

The credit is equal to 35% of eligible investments made in approved corporations, up to $ 87,500.

It increases to 45% for eligible investments made in approved corporations in eligible classifications within the oceans technology and life sciences sectors, up to $ 112,500.
The maximum annual investment amount is $250,000.

For corporations, the credit is equal to 15% of the eligible investment. The minimum investment amount is $50,000 and the maximum annual investment amount is $500,000.

When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

The applicant must:

be a taxable Canadian corporation,
carry-on a business in Nova Scotia (and be registered in Nova Scotia),
be incorporated less than 10 years ago,
have its head office in Nova Scotia,
use all or substantially all of its assets in an active business,
have less than $15 million in assets (including assets of associated corporations),
have fewer than 100 employees (including employees of associated corporations),
pay at least 50% of its remuneration to employees or full-time contractors who are residents of Nova Scotia and report to or deal with a permanent establishment of the corporation in Nova Scotia,
have authorized capital consisting of at least 1 class of common voting shares,
be developing or implementing new technologies or applying existing technologies in a new way to create new products, services or processes.
not fall under any of the restrictions below:

its principal business includes: construction, developing, leasing or selling real property, hotel ownership or management, retail, including food and beverage services, oil or gas exploration, development and production, film, digital animation, or digital media, membership based recreational activities, financial or insurance services,
it is incorporated for a self-regulated professional practice,
it is a business for which public financial support would be contrary to public policy,
it has been issued a Film Industry Tax Credit, Digital Media Tax Credit, Digital Animation Tax Credit, or Capital Investment Tax Credit,
it has been approved for or received a payroll rebate or an innovation rebate from Nova Scotia Business incorporated,
it has raised (along with all associated corporations) more than $5 million through previous specified issues.

An eligible investor is an individual who is a resident of Nova Scotia and at least 19 years of age or a taxable Canadian corporation which is registered to carry on business in Nova Scotia, has its head office in Nova Scotia, and is not a qualifying venture capital fund under section 27B of the Income Tax Act (Nova Scotia).

Application Steps:

Applicant must apply for a Certificate of Registration before accepting investments from eligible investors by submitting the completed application packages via email to the Innovation ETC Administrator.

Applicant must Issue eligible investments to eligible investors through a specified issue.

Applicant must apply for Tax Credit Certificates on behalf of all eligible investors who made eligible investments during the time the corporation was registered under the program. The application for Tax Credit Certificates must be received by the department within 6 months of the expiry date on the corporation's Certificate of Registration.

Applicant must submit an annual return to the Innovation ETC administrator for each of the 4 years after the expiry date on the certificate of registration.

Documentation Needed:

To apply for the Certificate of Registration the applicant must submit:

the completed and signed application form,
the financial statements for the previous tax year, together with a review engagement report or auditor’s report, for the applicant corporation and for all corporations associated with the applicant corporation,
T2 Corporate Income Tax Return for the previous tax year of the applicant corporation and of all corporations associated with the applicant corporation (including all forms and schedules),
an up-to-date and notarized shareholder’s register,
the corporate chart/structure, if applicable,
the shareholder agreements, if any,
the debenture agreements, if any,
the proposed investor forms completed by all proposed eligible investors,
a brief business plan,
the Certificate of incorporation, constitution/articles of incorporation and memorandum of association.

To apply for the Tax Credit Certificates the applicant must submit:

the completed Application Form,
the up-to-date and notarized shareholder’s register,
an Investor Data Report in Excel,
copy of each share certificate or convertible debenture issued to each eligible investor showing the terms of the share/debenture,
a signed statement from an authorized officer of the corporation.
signed statements from each eligible investor,
proof of payment from each eligible investor displaying the amount invested and date of investment.

Other Things to Note:

It's important to note that the deadline for applying for the Nova Scotia Innovation Equity Tax Credit can vary depending on the specific circumstances of your investment and the corporation you invested in. Therefore, it's recommended that you seek professional advice or consult the official guidelines from the Nova Scotia Department of Finance for more detailed information.

Program Contact:

Nova Scotia Department of Finance - Innovation Equity Tax Credit

Innovation-ETC Guidelines.pdf

Canada.ca - NS Innovation Tax Credit

Junior Exploration Assistance Program

by Maurice | February 6, 2023

Amount:

$225,000.00

Type of Program:

Grants

Description:

The Junior Exploration Assistance (JEA) Program aims to grow the mineral inventory of the Province through the discovery of new mineral districts, occurrences, prospects, and deposits. The JEA Program also aims to advance mineral discoveries through the stages of defining National Instrument (NI) 43-101 compliant mineral resources, and to enhance Newfoundland and Labrador’s competitiveness as a world class mineral exploration destination.

Comments on Funding:

1
For Grassroots Activities:

for companies not in receipt of direct and/or indirect mineral revenue: the Program will provide 75% of eligible grassroots expenditures up to a maximum of $150,000 per project on the island of Newfoundland and up to $225,000 per project in Labrador,
for companies in receipt of mineral revenue: the Program will provide 50% of eligible grassroots expenditures up to a maximum of $150,000 per project on the island of Newfoundland and up to $225,000 per project in Labrador.

2
For Non-Grassroots Activities:

for companies not in receipt of direct and/or indirect mineral revenue: the Program will provide 50% of eligible expenditures up to a maximum of $150,000 per project on the island of Newfoundland and up to $225,000 per project in Labrador,
for companies in receipt of direct or indirect mineral revenue: the Program provides 40% of eligible expenditures up to a maximum of $150,000 per project on the island of Newfoundland and up to $225,000 per project in Labrador.

When It Ends:

Ongoing

Deadline:

Next deadlines to be determined

Eligibility:

Applicants must:

be companies primarily engaged in mineral exploration,
be registered with the Provincial Registry of Companies,
be “In Good Standing” with the Provincial Registry of Companies,
have a Supplier Number from the Department of Finance, Financial Systems Control Division,
hold the mineral rights to the lands on which the exploration is to be conducted, or have a registered agreement with the holder of the mineral rights on file with the Mineral Lands Division of the Department of Industry, Energy and Technology prior to commencing work (Mineral rights are not necessary if the work is being completed on Crown Lands open for staking, excluding Exempt Mineral Lands and/or other prohibited areas),
have received Exploration Approval from the Mineral Lands Division before the start of exploration activities.

Application Steps:

Applicants must email the Letter of Intent to mineralincentive@gov.nl.ca.

Documentation Needed:

Applicants must submit the letter of Intent.

Other Things to Note:

Check the website for updates.

Program Contact:

Junior Exploration Assistance Program

JEA 2022 Program Guidelines

JEA 2022 Letter of Intent Guide

JEA 2022 Letter of Intent

Research and Development

by Maurice | February 6, 2023

Amount:

$750,000.00

Type of Program:

Grants

Description:

The Department of Industry, Energy and Technology offers programs to support research and development projects for both commercial and non-commercial applicants. For commercial applicants, the Department of Industry, Energy and Technology supports projects that reduce the technical and financial risk of research and development projects where R&D is required to realize the commercial potential of innovative products, processes or services. For non-commercial applicants, the Department of Industry, Energy and Technology provides support through non-repayable contributions to academic and research institutions for the development and implementation of research and innovation projects for the long-term economic benefit of Newfoundland and Labrador.

Comments on Funding:

For commercial applicants, the maximum contribution to a project is normally 50% of the total eligible costs.
For non-commercial applicants, the program provides normally up to 50 percent of total eligible costs of a specific project, with a maximum investment of $750,000.

When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

Applicants must:

be commercial,
be non-commercial (academic and research institutions),
propose projects that are technical in nature and lead to an incremental advance of an innovative product, process or service, if they are commercial applicants,
propose projects that must demonstrate industry relevance and have significant potential for economic impact in Newfoundland and Labrador, if they are non-commercial applicants.

Application Steps:

Applicants must submit the completed application form.

Documentation Needed:

No specific documentation has been identified.

Program Contact:

Research and Development

Agriculture Business Advancer

by Maurice | February 6, 2023

Amount:

$300,000.00

Type of Program:

Grants

Description:

The Agriculture Business Advancer program supports the adoption of new technologies, processes or specialized equipment for the purpose of business growth.

Comments on Funding:

Applicants are eligible for 30% funding assistance on total eligible project costs to a maximum of $300,000.
No more than 100% of non-repayable funding can be received for any eligible project cost incurred and paid for by the applicant, regardless of source.

When It Ends:

Ongoing

Deadline:

31 December, 2022

Eligibility:

The applicant must:

be a Nova Scotia farm,
be currently and properly registered in the correct income category under the Farm Registration Act,
be at least 19 years of age and actively farming in the program year,
have generated an annual eligible gross commodity income of $1,000,000,
be planning expansion and growth,
propose large initiatives with an estimated cost of no less than $750,000.

Application Steps:

Applicant must contact the PBRM office to receive an application package,

Applicant must complete the application package and submit it to the PBRM office.

Documentation Needed:

Applicants must submit:

1
Program Claim Form;
2
copies of all invoices for eligible project costs,
3
proof of payment for each invoice,
4
the Program Funding Registration, if they are new to agriculture funding programs.

Other Things to Note:

There is limited funding for the Agriculture Business Advancer Program. To request an application package, contact the Programs and Business Risk Management office.

Program Contact:

Agriculture Business Advancer Program

Agriculture_Business_Advancer_Guidelines.pdf

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