Canadian Grants - Five Important Facts to Note

The Canadian Government offers a wide rangespan.
of grants to its national residents. There are aFor co-operatives and small businesses that have
variety of options available and you should beless than $500,000 in gross turnover, the
aware of the following facts:government offers Canadian grants for artists
1. Grants For Scholarshipsand craftsmen with a maximum value of $5000.
One of the varieties of Canadian grants availableIn the Quebec area, grants are offered to aspiring
are apprenticeship incentive grants. These typesfarmers between the ages of 18 and 40 for
of grants are geared towards assisting Canadianagricultural training.
students who are interested in pursuing a career3. The Arts
in a particular skilled trade. The grant providesCanadian grants are made available annually to the
funding to assist the apprentice in paying tuitionbook publishing industry so that Canadian authors
fees and for such expenses as tools orhave a chance to reflect their culture and heritage
equipment and travelling expenses. Grants forlocally and abroad. The Canada Music Fund was
educational savings are specifically geared towardsestablished to support musical artists and all those
aiding parents who want to save towards theirconnected to the recording industry.
children's educational needs.4. Women First
Millennium scholarship grants are provided by theCanadian grants are available specifically to
Millennium Foundation and offer a range ofwomen who want to start up their own small
Canadian grants and bursaries to Canadianbusiness enterprises. Aside from a range of
undergraduates for post secondary graduation.Canadian grants, interest free loans are also made
Low-income study grants are tailored toavailable to women in business.
accommodate students from low-income families5. A Helping Hand
who wish to further their education but do notOne thing to remember about Canadian grants is
have the financial means at their disposal to do so.that they are made available by the government
2. Grants For Businessesto aid and assist entrepreneurs and students from
The Canadian Government will provide smallall walks of life and from all social and economic
business grants to unemployed individuals whobackgrounds. Most grants and loans will provide a
wish to provide a service to the community ashelping hand to the individual or organisation, but it
well as become financially self-sufficient. There areis important to remember, particularly in the case
also a number of loans on offer from theof business grants, that the sum is not likely to
Canadian Government that will provide start upcover all of your needs and that you will have to
businesses and organisations with either no oruse your funding cleverly to set yourself up for
low-interest loans, which can make a definitivesuccess. Consider applying for a Canadian grant
difference to small start up companies whoand find creative ways to make the funding work
require loans for new equipment or for expansion.for you!
The loans are repaid over a predetermined time