Government Funding Programs for Newcomer Entrepreneurs

Canada Supports Newcomer Entrepreneurs

Canada actively encourages newcomers to start businesses, and there are numerous government programs offering grants, loans, and mentorship to help you succeed.

Federal Programs

Canada Small Business Financing Program

Provides loans up to $1 million for small businesses. Newcomers with a valid business plan can access this through participating financial institutions.

Futurpreneur Canada

Specifically for entrepreneurs aged 18-39, Futurpreneur offers financing up to $60,000, mentorship, and business resources. They have specific programs for newcomer entrepreneurs.

Provincial Programs

Ontario

The Ontario Self-Employment Benefit program helps eligible individuals start their own business with financial support and business training.

British Columbia

Small Business BC offers free advisory services and the BC Employer Training Grant can help fund your team.

Diversity-Focused Programs

• BDC (Business Development Bank of Canada) — special programs for underrepresented entrepreneurs
• ISED's Women Entrepreneurship Strategy
• Black Entrepreneurship Program