Access a grant up to $15,000 and BDC interest-free loan of up to $100,000

Typically, the entire process, spanning from registration to funding, falls within the 4-8 week timeframe. While factors like government processing times may influence the duration, we strive to prepare your application for submission within 7 days post-registration, with approvals taking 4-6 weeks in most cases.

To qualify for the grant, a business must meet the following criteria:

• For-profit Canadian-owned corporation or sole proprietor
• Revenue between $500K to $100M in 2020, 2021, 2022, or 2023
• Have 1 – 499 employees

Meeting these criteria allows businesses to apply for the grant with our assistance.

Under CDAP, 90% of the consulting fees are covered, and you are responsible for the remaining 10%. For example, the total cost of the program  is $16,650 (British Colombia) or $16,950 (Ontario). Consequently, your contribution would be $1,665 (British Colombia) or $1,965 (Ontario), with the government contributing 90% ($14,985).

The $15,000 grant is allocated to offset expenses related to your advisor, covering eligible costs like registration support and the creation of a digital adoption plan. This grant, a component of CDAP, should be exclusively utilized for these purposes.

As a business owner, you can leverage interest-free financing from the BDC and wage subsidy credits to invest in your business, directing funds towards projects that contribute to its growth.

The wage subsidies are available for both existing employees and new hires, allowing you to receive up to $7,300 of their wages back for a maximum of 5 employees. Here’s how it works:

• Enroll the employee in the subsidy (assistance from our team is available).
• The employee completes their work, and you pay them.
• Submit their paycheck at the end of each pay period.
• Receive a direct deposit matching the amount you paid them within 7 business days of submitting their paycheck.

This process is repeated until you reach the maximum claim of $7,300 for each employee. Importantly, this subsidy does not require repayment; it serves as a direct rebate to your business. You can claim this subsidy for up to 5 employees, totaling $36,500.

After obtaining approval for the CDAP program, you can register for BDC funding by accessing the provided link in your CDAP account. For those with an existing BDC account, simply authorize the connection between CDAP and BDC. If you don’t have a BDC account, you’ll need to create one.

The BDC funding ranges from $25,000 to $100,000, and the loan terms include:

• 0% interest for the entire duration of the loan term with no additional fees.
• No payments required in the first calendar year.

Certainly! If you’re the owner or a majority shareholder, you can submit applications for as many businesses as you wish. It’s important to note that each business requires its own application and a dedicated digital adoption plan. Our team is available to assist you in creating a submission plan to generate applications for each of your businesses.