Owners lose funding they were eligible for by doing things in the wrong order. They buy the equipment and then go looking for a grant. They apply to national programs when the money was in a city program. They find the closing date a week after it passed. Follow these steps in order over your first ninety days.
Days 1 to 15: register before you apply
Almost every program checks your legal status before it looks at your project. The Retail Modernization Project Grant (RMPG) is open only to incorporated, for-profit businesses with a permanent location in Ontario. The Regional Opportunities Investment Tax Credit is only for a Canadian-controlled private corporation with a permanent establishment in Ontario. Starter Company Plus asks that you be an Ontario resident aged 18 or over, a Canadian citizen or permanent resident, and not attending school full-time.
Register or incorporate first, then build the one folder every application will ask for: a business plan, a cash flow forecast, quotes for the work, and proof of your address. Futurpreneur Canada Side Hustle requires a full business plan and a 24-month cash flow projection, and the Futurpreneur Canada Core Start-Up Program runs a hard credit check and requires your taxes to be up to date, so treat the paperwork as the first task rather than the last.
Days 15 to 30: your city and province, before anything national
Most start-up grants are local, and a city program takes applicants from one city rather than the whole country.
- Ottawa Centretown Heritage Facade Improvement Program pays up to 75% of costs, to a maximum of $75,000, for exterior work on a heritage-designated building in the Bank Street or Somerset Village area.
- London Vacant Commercial Space Fit-Out Grant covers 50% of fit-out costs, up to $50,000, for a vacant commercial unit in London's Core Area.
- Starter Company Plus offers up to $5,000 plus training through Ontario's Small Business Enterprise Centres, and asks you to contribute at least 25% of the grant amount yourself.
Every one of these is tied to a specific address or area. Confirm that your building qualifies before you plan a budget around it.
Days 30 to 45: work out the cash you have to cover up front
Cost-share is the norm, and it is the step new owners underestimate. The London grant covers 50% of a fit-out up to $50,000, so a $30,000 fit-out returns $15,000, after you have paid the full $30,000 and the work has been inspected. Both the Ottawa and London programs reimburse after completion. The Retail Modernization Project Grant (RMPG) needs a project of at least $6,000, pays back 50% up to $5,000 once your invoices and proof of payment are approved, and gives you 30 days after signing the agreement to buy and install the technology. Check its other rules before you plan around it: a year in your location and $100,000 of revenue in one of the last three tax years, so it belongs to your second year, not your first.
So check two things: which grant you qualify for, and whether you can pay the full cost for the weeks between paying the invoice and receiving the reimbursement.
Days 45 to 60: arrange the lending in parallel
Lending takes longer to arrange than a grant application takes to write.
- Canada Small Business Financing Program backs loans up to $1,150,000, applied for through a participating financial institution rather than a government office. There is a 2% registration fee, which can be financed into the loan, and interest is capped at prime plus 3% for term loans. Farming businesses are not eligible.
- Futurpreneur Canada Core Start-Up Program lends up to $75,000, combined with BDC, to owners aged 18 to 39 starting a business or buying one less than 24 months old, with two years of mentorship. The fees are 1% on the Futurpreneur portion, plus a $50 BDC processing fee.
- Futurpreneur Canada Side Hustle lends up to $25,000 if you keep a full-time income outside the business for the first 12 months, at CIBC prime plus 3%, capped at 9%.
- Community Futures Network of Canada runs 267 non-profit offices serving rural and remote communities, with loan amounts set by the local office.
Check the age limits before you spend a week on an application. BDC Financing: Start-up asks for at least 12 months of operating history and revenue, so for a business opening this month it belongs to next year's plan.
Approval comes before purchase, every time
The Ottawa and London programs both require approval before any work starts or any material is bought. Approval is never certain, so nothing should be ordered on the assumption that it will arrive.
Tax credits work in reverse. The Regional Opportunities Investment Tax Credit is claimed on your T2 return after the money is spent: 10% refundable on eligible expenditures over $50,000 and up to $500,000, to a maximum of $45,000 a year, on commercial or industrial buildings in designated Ontario regions. Costs incurred after December 31, 2026 do not qualify.
Days 60 to 90: manage the deadlines
Summer Company closed for 2026 on May 15, so a student who found it in June could not apply that year. Municipal budgets can run out early, even while the program page still says it is open. Put every closing date in a calendar with a reminder a month ahead, and confirm the intake is still running with the administrator before you build a plan around it.
Once funding is approved, you must finish the project within the program's timeline.
Want the whole country on one page? See the startup funding map, province by province.