Alena Barreca

Grants and loans are available to offset hiring and training, expansion, new technology, and innovation costs

Eligible projects include the capital cost of new equipment, virtual employment and training services, and R&D of new methods to attract employees.

Courses will be offered as an in person and virtual format depending on employer and/or employee preference.

With strong recovery efforts now at the forefront, the Jobs and Growth Fund (JGF) has been announced.

Canadian employers can receive up to 50 to 70 per cent of an intern’s wage to a maximum $5,000 to $7000, or up to 50 per cent of a recent graduate’s wage to a maximum $12,000 to $15,000 in hiring grants.

The Highly Affected Sectors Credit Availability Program (HASCAP) provides pandemic support loans for all Canadian businesses in highly affected sectors.

The RRRF provides repayable, interest-free loans that support the fixed operating costs of Canadian businesses that cannot meet the eligibility criteria to receive funding through other federal and provincial COVID-19 support programs.

Funding programs are available federally, provincially, and territorially, and gaining an in-depth understanding of these incentives, including their purpose, timing, and what they look for in applications, can be incredibly difficult for most businesses.