Getting Business Support And Financing
Canada, with its diverse and thriving economy, has long been a fertile ground for entrepreneurship. Whether you are an immigrant entrepreneur looking to start your business journey in this welcoming country or an indigenous entrepreneur seeking to connect with your roots, Canada offers a wealth of opportunities and support mechanisms. In this article, we’ll explore the national and regional business support programs, including financing options, tailored for immigrant and aboriginal entrepreneurs.
National Business Support Program
- Canada Business Network (CBN):
- Canada Small Business Financing Program (CSBFP)
- Business Development Bank of Canada (BDC)
Regional Business Support Programs
- Entrepreneurial Support for Newcomers
- Aboriginal Business Development Programs (Across Canada) – Only for Aboriginal
- Provincial and Territorial Funding Programs
- Regional Business Incubators and Accelerators
Tax Help For Your Business
The Canada Revenue Agency (CRA) offers personalized support to small business owners and self-employed individuals through its Liaison Officer service, available nationwide. This service ensures confidentiality when discussing tax matters. You can access it in two ways:
- Request a Personalized Visit: This can be in person, over the phone, or online via MS Teams for flexibility.
- Organize a Seminar/Webinar: You can arrange sessions for your association or group, either in person or online.
During these interactions, experienced liaison officers provide:
- Understanding of tax obligations and potential deductions.
- Explanations of bookkeeping concepts and best practices.
- Guidance on avoiding common tax errors.
- Information on CRA’s online tools and electronic services.
- Answers to tax-related questions.
Demonstrations on using Financial Performance Data to compare with industry peers.
