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Federal Financing For Small Businesses In Canada (grants And Loans)
Federal financing for small businesses in Canada is facilitated via a number of programs and agencies. Financing is available in the form of grants (sometimes called "non-repayable contributions"), loans, loan guarantees, income support and subsidized hiring and/or training programs. The government also provides funding for no-cost or subsidized services to small businesses, including workshops, business plan consulting, education, and federally sponsored trade missions. Financing, and federally funded or subsidized services are available both to established businesses looking to grow or expand into new markets and to entrepreneurs seeking to launch a new business. Definitions *Grants – Grants or "non-repayable contributions" are the funding that does not need to be paid back. *Loans – Loans may be low- or no-interest contributions. Financing methods and repayment requirements vary from conventional loan arrangements to situations in which the business fronts the costs, s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Small Business
Small businesses are types of corporations, partnerships, or sole proprietorships which have fewer employees and/or less annual revenue than a regular-sized business or corporation. Businesses are defined as "small" in terms of being able to apply for government support and qualify for preferential tax policy varies depending on the country and industry. Small businesses range from fifteen employees under the Australian ''Fair Work Act 2009'', fifty employees according to the definition used by the European Union, and fewer than five hundred employees to qualify for many U.S. Small Business Administration programs. While small businesses can also be classified according to other methods, such as annual revenues, shipments, sales, assets, or by annual gross or net revenue or net profits, the number of employees is one of the most widely used measures. Small businesses in many countries include service or retail operations such as convenience stores, small grocery stores, bakeries ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Venture Capital
Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which have demonstrated high growth (in terms of number of employees, annual revenue, scale of operations, etc). Venture capital firms or funds invest in these early-stage companies in exchange for equity, or an ownership stake. Venture capitalists take on the risk of financing risky start-ups in the hopes that some of the firms they support will become successful. Because startups face high uncertainty, VC investments have high rates of failure. The start-ups are usually based on an innovative technology or business model and they are usually from high technology industries, such as information technology (IT), clean technology or biotechnology. The typical venture capital investment occurs after an initial "seed funding" round. The first ro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Employment And Social Development Canada
Employment and Social Development Canada (ESDC; french: Emploi et Développement social Canada; french: EDSC, label=none)''Employment and Social Development Canada'' is the applied title under the Federal Identity Program; the legal title is Department of Employment and Social Development (). is a department of the Government of Canada responsible for social programs and the labour market at the federal level. The department delivers a number of federal government programs and services including Employment Insurance (EI), Service Canada centres, Canada Student Loan Program (CSLP), Canada Pension Plan (CPP), issuing social insurance numbers (SIN) and the federal Labour Program among others things. History Background The Department of Human Resources and Skills Development was created in December 2003, when Human Resources Development Canada (HRDC) was split into two separate departments: Human Resources and Skills Development Canada (HRSDC) and Social Development Canada ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Atlantic Canada Opportunities Agency
In Canada, the Regional Development Agencies (RDA) are the seven federal government agencies responsible for addressing key economic challenges and furthering economic development, diversification, and job creation specific to their respective regions. The seven agencies and their individual regions are: * Atlantic Canada Opportunities Agency (ACOA) — New Brunswick, Newfoundland and Labrador, Nova Scotia, and Prince Edward Island * Canada Economic Development for Quebec Regions (CED) — Quebec * Federal Economic Development Agency for Southern Ontario (FedDev Ontario) — southern Ontario * Federal Economic Development Agency for Northern Ontario (FedNor) — northern Ontario * Canadian Northern Economic Development Agency (CanNor) — Yukon, Northwest Territories, and Nunavut * Pacific Economic Development Canada (PacifiCan) — British Columbia * Prairies Economic Development Canada (PrairiesCan) — Alberta, Saskatchewan, and Manitoba PacifiCan and PrairiesCan are the two new ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Western Economic Diversification Canada
In Canada, the Regional Development Agencies (RDA) are the seven federal government agencies responsible for addressing key economic challenges and furthering economic development, diversification, and job creation specific to their respective regions. The seven agencies and their individual regions are: * Atlantic Canada Opportunities Agency (ACOA) — New Brunswick, Newfoundland and Labrador, Nova Scotia, and Prince Edward Island * Canada Economic Development for Quebec Regions (CED) — Quebec * Federal Economic Development Agency for Southern Ontario (FedDev Ontario) — southern Ontario * Federal Economic Development Agency for Northern Ontario (FedNor) — northern Ontario * Canadian Northern Economic Development Agency (CanNor) — Yukon, Northwest Territories, and Nunavut * Pacific Economic Development Canada (PacifiCan) — British Columbia * Prairies Economic Development Canada (PrairiesCan) — Alberta, Saskatchewan, and Manitoba PacifiCan and PrairiesCan are the two new ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Community Futures
The Community Futures Network of Canada is an extensive network of 269 community futures development corporations. The national Community Futures Program is administered by four regional development agencies, the Atlantic Canada Opportunities Agency (ACOA), Canadian Economic Development for Québec Regions (CED-Q), Western Economic Diversification Canada (WD), and the Federal Economic Development Initiative for Northern Ontario (FedNor) under Industry Canada (IC). In Western Canada the Community Futures Program is delivered through a network of 90 non-profit organizations that are supported by four associations and one Pan-West Community Futures Network. Community Futures in British Columbia ThCommunity Futures Development Association of B.C.dba Community Futures British Columbia, is the provincial association for the 34 Community Futures offices located in British Columbia. The 34 Community Futures Development Corporations provide rural communities with a variety of services ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aboriginal Peoples In Canada
In Canada, Indigenous groups comprise the First Nations, Inuit and Métis. Although ''Indian'' is a term still commonly used in legal documents, the descriptors ''Indian'' and '' Eskimo'' have fallen into disuse in Canada, and most consider them to be pejorative. ''Aboriginal peoples'' as a collective noun is a specific term of art used in some legal documents, including the ''Constitution Act, 1982'', though in most Indigenous circles ''Aboriginal'' has also fallen into disfavour. Old Crow Flats and Bluefish Caves are some of the earliest known sites of human habitation in Canada. The Paleo-Indian Clovis, Plano and Pre-Dorset cultures pre-date the current Indigenous peoples of the Americas. Projectile point tools, spears, pottery, bangles, chisels and scrapers mark archaeological sites, thus distinguishing cultural periods, traditions, and lithic reduction styles. The characteristics of Indigenous culture in Canada includes a long history of permanent settlements, agricu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tax Credit
A tax credit is a tax incentive which allows certain taxpayers to subtract the amount of the credit they have accrued from the total they owe the state. It may also be a credit granted in recognition of taxes already paid or a form of state "discount" applied in certain cases. Another way to think of a tax credit is as a rebate. Refundable vs. non-refundable A refundable tax credit is one which, if the credit exceeds the taxes due, the government pays back to the taxpayer the difference. In other words, it makes possible a negative tax liability. For example, if a taxpayer has an initial tax liability of $100 and applies a $300 tax credit, then the taxpayer ends with a liability of –$200 and the government refunds to the taxpayer that $200. With a non-refundable tax credit, if the credit exceeds the taxes due then the taxpayer pays nothing but does not receive the difference. In this case, the taxpayer from the example would end with a tax liability of $0 (i.e. they could mak ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tax Refund
A tax refund or tax rebate is a payment to the taxpayer due to the taxpayer having paid more tax than they owed. By country United States According to the Internal Revenue Service, 77% of tax returns filed in 2004 resulted in a refund check, with the average refund check being $2,100. In 2011, the average tax refund was $2,913. For the 2017 tax year the average refund was $2,035 and for 2018 it was 8% less at $1,865, reflecting the changes brought by the most sweeping changes to the tax code in 30 years. Taxpayers may choose to have their refund directly deposited into their bank account, have a check mailed to them, or have their refund applied to the following year's income tax. As of 2006, tax filers may split their tax refund with direct deposit in up to three separate accounts with three different financial institutions. This has given taxpayers an opportunity to save and spend some of their refund (rather than only spend their refund). Every year, a number of U.S. taxpay ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Equity (finance)
In finance, equity is ownership of assets that may have debts or other liabilities attached to them. Equity is measured for accounting purposes by subtracting liabilities from the value of the assets. For example, if someone owns a car worth $24,000 and owes $10,000 on the loan used to buy the car, the difference of $14,000 is equity. Equity can apply to a single asset, such as a car or house, or to an entire business. A business that needs to start up or expand its operations can sell its equity in order to raise cash that does not have to be repaid on a set schedule. In government finance or other non-profit settings, equity is known as "net position" or "net assets". Origins The term "equity" describes this type of ownership in English because it was regulated through the system of equity law that developed in England during the Late Middle Ages to meet the growing demands of commercial activity. While the older common law courts dealt with questions of property title, equi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canada
Canada is a country in North America. Its ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, covering over , making it the world's second-largest country by total area. Its southern and western border with the United States, stretching , is the world's longest binational land border. Canada's capital is Ottawa, and its three largest metropolitan areas are Toronto, Montreal, and Vancouver. Indigenous peoples have continuously inhabited what is now Canada for thousands of years. Beginning in the 16th century, British and French expeditions explored and later settled along the Atlantic coast. As a consequence of various armed conflicts, France ceded nearly all of its colonies in North America in 1763. In 1867, with the union of three British North American colonies through Confederation, Canada was formed as a federal dominion of four provinces. This began an accretion of provinces an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Employment
Employment is a relationship between two parties regulating the provision of paid labour services. Usually based on a contract, one party, the employer, which might be a corporation, a not-for-profit organization, a co-operative, or any other entity, pays the other, the employee, in return for carrying out assigned work. Employees work in return for wages, which can be paid on the basis of an hourly rate, by piecework or an annual salary, depending on the type of work an employee does, the prevailing conditions of the sector and the bargaining power between the parties. Employees in some sectors may receive gratuities, bonus payments or stock options. In some types of employment, employees may receive benefits in addition to payment. Benefits may include health insurance, housing, disability insurance. Employment is typically governed by employment laws, organisation or legal contracts. Employees and employers An employee contributes labour and expertise to an endea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
