Do I have to declare the Ontario government business grants and loans on my financial statements?

When it comes to small business bookkeeping you would have to declare the Ontario government business grants and loans funding that you received. The Ontario government business grants and loans is programs have been put in place to assist small businesses with their financial needs. For example new businesses that need startup funds, or even existing businesses that need some financial assistance. All financial records are required by any business, and it would be the responsibility of your accountant on how this money received from the grants and loans program would be accounted for in your financial records.

What could you do for your small business if you were to obtain a grant or a loan of $5,000 or $50,000 or even more from the government? Or would you be able to benefit from a private investor investing their time and money into you and your business? It is a possibility…so be sure to find out how much funding your small business may be able to obtain. Become a registered member and start your funding search.

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.