Canadian Grants - Five Important Facts to Note

The Canadian Government offers a wide range of grants to its national residents. There are a variety of options available and you should be aware of the following facts:

1. Grants For Scholarships

One of the varieties of Canadian grants available are apprenticeship incentive grants. These types of grants are geared towards assisting Canadian students who are interested in pursuing a career in a particular skilled trade.

 The grant provides funding to assist the apprentice in paying tuition fees and for such expenses as tools or equipment and travelling expenses. Grants for educational savings are specifically geared towards aiding parents who want to save towards their children's educational needs.

Millennium scholarship grants are provided by the Millennium Foundation and offer a range of Canadian grants and bursaries to Canadian undergraduates for post secondary graduation.

Low-income study grants are tailored to accommodate students from low-income families who wish to further their education but do not have the financial means at their disposal to do so.

2. Grants For Businesses

The Canadian Government will provide small business grants to unemployed individuals who wish to provide a service to the community as well as become financially self-sufficient. There are also a number of loans on offer from the Canadian Government that will provide start up businesses and organisations with either no or low-interest loans, 

which can make a definitive difference to small start up companies who require loans for new equipment or for expansion. The loans are repaid over a predetermined time span.

For co-operatives and small businesses that have less than $500,000 in gross turnover, the government offers Canadian grants for artists and craftsmen with a maximum value of $5000. In the Quebec area, grants are offered to aspiring farmers between the ages of 18 and 40 for agricultural training.

3. The Arts

Canadian grants are made available annually to the book publishing industry so that Canadian authors have a chance to reflect their culture and heritage locally and abroad. The Canada Music Fund was established to support musical artists and all those connected to the recording industry.

4. Women First

Canadian grants are available specifically to women who want to start up their own small business enterprises. Aside from a range of Canadian grants, interest free loans are also made available to women in business.

5. A Helping Hand

One thing to remember about Canadian grants is that they are made available by the government to aid and assist entrepreneurs and students from all walks of life and from all social and economic backgrounds. Most grants and loans will provide a helping hand to the individual or organisation, but it is important to remember,

 particularly in the case of business grants, that the sum is not likely to cover all of your needs and that you will have to use your funding cleverly to set yourself up for success. Consider applying for a Canadian grant and find creative ways to make the funding work for you!