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Helping you get back to business: Project-based incentives and grant programs

This article was updated on December 4, 2020.

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

  • Sustainable Development Technology Canada (SDTC)
  • Strategic Innovation Fund (SIF)
  • Futurpreneur Canada Financing Program
  • Industrial Research Assistance Program (IRAP)
  • Youth Employment and Youth Employment Green Program
  • CanExport Program
  • Career Ready Program
  • Canada Job Grant (CJG)
  • Career Launcher Internships
  • Regional Relief and Recovery Fund

Provincial Grants

  • Innovate BC
  • Alberta Innovates
  • Alberta Relaunch Grant
  • Creative Saskatchewan
  • Ontario Development Funds
  • Ontario Interactive Digital Media Fund
  • Atlantic Innovation Fund (AIF)

Tax Credits

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

Supercluster Grants

  • PIC Co-Investment Funding Program
  • Scale AI Co-Investment Funding Program
  • Accelerated Ocean Solutions Program

Download the PDF for more information [ 5114 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.