No, definitely not so. There are so many different types of government business grants available to Canadians who wish to establish their business and do not have the necessary money or do not want to take an expensive banking loan which may have a high interest rate on repayment. These government business grants are an excellent way to obtain much needed money for a business that may require large expenditure of funds in order to advance a product or to add new technology. There are grants and subsidies which are both one-time and renewable offers of funds for businesses that apply for grant funding and are successful in receiving grant money.
Take a moment and become a registered member with CanadaStartups. You will get access to the Funding Database at which point you will be able to conduct a funding search to see how much funding may be available for you and your business. On top of that you also get access to the step by step business startup guide, the Investor PitchDeck and the Investor PitchDeck. This gives you all you need to startup, launch and fund your small business in Canada. Register to get access today.
You can also take advantage of the Small Business Startup Assessment Tool below and see the tools and resources you need to succeed at launching your business. It takes just a minute and will also tell you if there may be any funding programs available.