This article was updated on June 21, 2021.

The COVID-19 pandemic has had an unprecedented impact on Canadian businesses and the global economy as a whole. As businesses prepare to re-open their doors, they will continue to need access to support and funds to fuel their recovery.

To help, both the federal and provincial governments are offering a range of new and existing programs to support project-based initiatives. From research and development grants to direct funding for expansion, we have outlined some options that can help you get back to business.

Contained within this PDF is information on the following programs:

Federal Grants

  • Career Ready Program
  • Magnet Student Work Placement Program
  • Youth Employment Program
  • Canada Job Grant (CJG)
  • Regional Relief and Recovery Fund
  • Business Scale-up and Productivity Program
  • Sustainable Development Technology Canada (SDTC) – Clean Tech Fund
  • Industrial Research Assistance Program (IRAP)
  • Strategic Innovation Fund (SIF)
  • Futurpreneur Financing Program

Provincial Grants

  • Alberta Innovates
  • Atlantic Innovation Fund (AIF)
  • BC Ignite Program
  • Ontario Interactive Digital Media Fund
  • Ontario Development Funds

Supercluster Grants

  • Advanced Manufacturing
  • Digital Technology
  • Oceans
  • Protein Industries
  • AI Powered Supply Chains

Tax Credits

  • Scientific Research & Experimental Development (SR&ED)
  • Digital Media Tax Credit
  • Film & Video Production Tax Credits
  • Ontario Regional Opportunities Investment Tax Credit

Download the PDF for more information [ 5129 kb ]

We are here to help

We understand that you want to be agile and responsive as the situation unfolds. Having access to experts, insights and accurate information as quickly as possible is critical—but your resources may be stretched at this time.

We’re here to support you as you navigate through the impacts of coronavirus on your business and your investments.

Grant Thornton LLP wants to caution that these rules are still new and continue to evolve as the government continues to re-evaluate the economic impact caused by the COVID-19 pandemic. We may still see changes to these measures—as well as new measures—as the government attempts to address the issues that have been raised by us and the tax community. Therefore, any analysis included herein, reflects our knowledge as of the date and time of this email and may no longer be applicable if changes do occur and you should proceed with caution before making any decisions.