Are you considering a government grant/loan for your business?

Can-Export Program

The CanExport program is a five-year, $50-million Government of Canada program that provides direct financial assistance to small and medium-sized businesses (SMEs) registered in Canada that are seeking to develop new export opportunities and markets, especially high-growth emerging markets

The CanExport program

Provides a minimum contribution of $10,000 (requires that the total cost of eligible activities be at least $20,000) and a maximum contribution of $99,999 (which requires that the total cost of eligible activities be at least $199,998)

Reimburses up to 50 percent of eligible expenses

Requires that the applicant match funds on a one-to-one basis;

Is open, with few exceptions, to all industry sectors

Is open, with few exceptions to companies looking at export markets worldwide

To be considered for possible funding, a firm must meet the following basic criteria:

Have no less than $200,000 and no more than $50 million in annual revenue declared in Canada during its last complete fiscal year. Company’s revenues are based on the line 101 of the GST 34 return (or the FP-500-V for Quebec based applicants). Under this line, all income, including exempt supplies, taxable supplies as well as international sales, must be included

Have a minimum of one full-time equivalent (FTE) employee and a maximum of 250 FTE employees. The number of employees working for a company is based on the number of T4 slips produced by the company

Have a Canada Revenue Agency (CRA) business identifier number

Be an incorporated legal entity or a limited liability partnership (LLP)

Be a for-profit company

All of the above criteria will be verify by the CRA via the business identifier number indicated in the application

Eligible Activities

To be eligible, activities must aim to promote international business development and must go beyond the applicant’s core activities, represent new initiatives and provide an opportunity to yield incremental results. For illustrative purposes, these activities could include

Business travel

Participation at trade fairs

Market research

Legal fees associated with a distribution/representation agreement

Adaptation of marketing tools for a new market; and