← Guides / Canada

Canada Government Grants & Funding Guide

the government grants and the funding programs in Canada. The SR&ED tax credit (the "Scientific Research and Experimental Development") is the "most generous innovation incentive" — the refundable ITC at 35% for the "Canadian-controlled private corporations (CCPCs)" on the qualified R&D expenditures. The Industrial Research Assistance Program (NRC IRAP) provides the "non-repayable grants up to $10 million" for the "technology innovation and the R&D". The Canada Small Business Financing Program (CSBFP) helps the "small businesses obtain the financing for the equipment and the real estate". The Canada Greener Homes Grant provides the "up to $5,600 for the home energy efficiency improvements". The iZEV (incentives for Zero-Emission Vehicles) provides the "up to $5,000 rebate on the purchase of the eligible EV". The Canada Student Grant provides the "up to $4,200 per year for the full-time students" (the "no repayment required"). The Innovation Canada (ISED) is the "central source for the business innovation funding" (the "innovation.isde.ca").

Business Grants & Funding

• SR&ED tax credit: The "refundable investment tax credit (ITC) at 35% for the CCPCs" (the "first $3 million of the qualified R&D expenditures"). The "non-refundable ITC at 15% for the other corporations". The "reduced rate at 15% for the large corporations". The SR&ED covers the "wages, the materials, the machinery, the overhead, and the third-party contracts".
• NRC IRAP: The "National Research Council Industrial Research Assistance Program" — the "non-repayable grants for the technology innovation". The "youth employment program" — the "funds for the hiring of the recent graduates for the R&D projects". The "advisory services" — the "technical and the business advice from the IRAP industrial technology advisors".
• Canada Small Business Financing Program (CSBFP): The "government-backed loan program" — the "loans up to $500,000 for the equipment and the leasehold improvements" — the "loans up to $1 million for the real estate". The "government guarantees the loan" — the "lender is the bank or the credit union".
• Regional development agencies: The "FedDev Ontario", the "Western Economic Diversification (WD)", the "Canada Economic Development for the Quebec Regions (CED)", the "Atlantic Canada Opportunities Agency (ACOA)", and the "Canadian Northern Economic Development Agency (CanNor)".

Green & Climate Grants

• Canada Greener Homes Grant: The "up to $5,600 for the home energy efficiency improvements" — the "home energy audit ($600)" — the "insulation, the windows, the doors, the heat pumps, the solar panels". The "grant is administered by the Natural Resources Canada (NRCan)".
• iZEV program: The "incentives for the Zero-Emission Vehicles" — the "up to $5,000 rebate on the purchase of the eligible EV" — the "up to $2,500 for the plug-in hybrid". The "list of the eligible vehicles" is published by the "Transport Canada".
• Provincial green grants: The "BC rebates up to $4,000 for the EVs", the "Quebec rebates up to $7,000 for the EVs", the "Ontario rebates — currently paused". The "provincial energy efficiency programs" (the "BC Energy Step Code", the "Ontario Save on Energy", the "Quebec LogisVert").

Student Grants & Employment Funding

• Canada Student Grant: The "up to $4,200 per year for the full-time students" — the "up to $2,400 per year for the part-time students". The "grant is based on the financial need" (the "family income assessment"). The "grant does NOT require the repayment".
• Canada Training Credit: The "refundable tax credit of up to $250 per year" — the "cumulative lifetime limit of $5,000". The "credit is available to the working Canadians aged 25 to 65" (the "eligible tuition fees for the eligible training").
• Canada Training Benefit: The "EI training support" — the "up to 4 weeks of the EI benefits for the training" — the "EI training leave".

For the SR&ED tax credit details, see our Scientific Research & Experimental Development Guide →. For the small business tax and the corporate tax, see our Small Business Deduction Guide →.