Startup Capital Assistance
Startup capital assistance in Canada refers to various forms of financial support and resources available to entrepreneurs and startup businesses to help them secure the funding needed to launch and grow their ventures.
Government Loans and Loan Guarantees
Government agencies, such as the Business Development Bank of Canada (BDC) and Export Development Canada (EDC), provide loans and loan guarantees to startups. These loans can be used for working capital, equipment purchases, and expansion initiatives.
Debt Financing and Microloans
Startups can explore options like bank loans, lines of credit, and microloans from organizations like the Canadian Youth Business Foundation (Futurpreneur Canada) and Community Futures Development Corporations
Government Tax Incentives
Canadian startups may be eligible for various tax incentives and credits, such as the Scientific Research and Experimental Development (SR&ED) tax credit, which provides cash refunds or tax credits for eligible research and development activities.
