Government grants are the subsidies, cost-sharing programs, loans, incentives, and rebates which the government gives its citizens for carrying out various developmental and assistance activities mostly for non-profit and cultural ventures. One may ask, “do I need to repay them?” and the answer to that is ‘No’! These government grants are however not given to anybody for anything. One has to meet very detailed specifications and the government agencies monitor how the money is being spent. Canada grants are given out to citizens by agencies and foundations all over the country but most Canadians don’t even know such a system exists!
Many government grants are available for setting up and expansion of small businesses. Finance ranges between $1000 to $10 million for purposes of purchasing equipment, real estate, supplies, machinery, technical help, office lease, renovation, transport, and computer support. Canada grants are given for feasibility study programs which include financial, engineering and market analysis or a combination of all of them. Cost-sharing up to 75% of the total expenditure is done. A young entrepreneurs program is functional according to which the government of Canada gives grants up to $4000 to entrepreneurs aged between 18 and 29 to aid them in starting full-time businesses.
These government grants are given keeping in mind the development of society and hence are easily obtained by the projects which are beneficial for social and cultural development. Canada grants ranging up to $100,000 are available for women in Canada to assist the setting up and expansion of a business. Special grants named as Aboriginal Business Canada are available for clients of aboriginal heritage. The client can be First Nation, Métis or Inuit. Non-repayable funding up to $99,999 are presented per project. Many specific government grants have been designed to develop the First Nation, Inuit, and Metis communities.
The government of Canada has many government grants meant for research and development in various fields. Going Global Science and Technology Fund, External Research Program, NRC Industrial Research Assistance Program (NRC-IRAP), Moving on Sustainable Transportation Program (MOST), and Sustainable Development Innovations Fund (SDIF) are some of them. Another grant of the same nature is the Scientific Research and Experimental Development (SR&ED) program which is a federal tax incentive program. It seeks to encourage businesses of all sizes in Canada to conduct reasearch and development to bring about improved and advanced products and processes.
Many government grants are available in the art and culture fields. There are funds to support Canadian music, visual arts, performing arts, film, television, and magazines. The artists or the art presenting organizations can present the proposal to the government and if the criteria are met they will be financially supported. Canada grants like the Multiculturism Program seek to promote ethno-racial diversity and encourage participation of the minorities in the public decision-making.
Environmental causes are given special emphasis and any organization or group which wants to carry out projects on innovative means of waste reduction and pollution control can get assistance up to $50,000 once the proposal is approved by the Ministry of Conservation.
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