Your digital business in Canada

Opening a business in Canada will not be difficult. If your business structure does not involve any special processes, then you will just need to follow 5-6 easy steps to get a business license.

Government support

The Canadian government is trying to support small businesses as much as possible. To begin with, on the government website you can see what kind of financial assistance they are ready to provide you: from grant to profitable Business Loan.

For example, if your business involves the purchase of some expensive equipment, and if you draw up a realistic business plan (which is quite easy), the government can give you a loan of up to $100,000 literally within five days. The loan rate can vary from 5-7%.

What’s also important is that you won’t be pressured by payments. From the moment you start your business, you are given a year to bring the company to a positive level, and only after a year can you start paying off your loan. If for some reason you are not yet ready to pay, then you can send an explanatory letter explaining why this is happening, and you may be given additional time.

If your business is from a direction that is encouraged by the government (tech startups are especially popular now), you may even be given some amount free of charge.

persons signing up documents

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Bonuses and government grants

The government is also ready to reward you with various kinds of bonus and Government Business Grant that you need to keep an eye on. And not only you, but also your employees.

  • Hired a disabled person for a position? You get a $5000 bonus.
  • Do you want an employee to improve their skills in order to develop their business? The government is ready to pay for employee training.
  • Are you doing anything to develop Canadian society or Canadian infrastructure? Get a cash bonus too.
  • Have you hired a young specialist with no experience? There are chances that the government may pay 50% of his salary in the first six months. And so on.

As you can see, Canada is trying to create the most relaxed conditions for doing business, and they are ready to encourage entrepreneurs if they provide good conditions for the local population.

A grant for digital business

One of the popular grants in Canada is the CDAP program. The grant comes from $4 billion that the government has set aside to help digital businesses. You can receive up to $15,000 to start and promote your case or a $100,000 interest free loan. To find out more, you can apply in person or call the phone number listed on the grant web page. Getting started is very simple: you just need to enter your personal data on the site, write a little about your business and submit an application.

What you need to know before making your own digital business?

loan documents

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Build an outstanding brand

First impressions matter a lot, so it’s important to create a brand that makes your clients feel something. Emotions are effective. When it comes to emotions, we remember with more confidence and detail. Therefore, it is necessary to create a meaningful brand that tells your customers about your mission and remains in their memory for a long time.

Great products drive loyalty

What is the secret to successful digital products? The answer is the creator’s love for his creation. This means you don’t have to limit yourself to the progress you’ve made, the updates you’ve made, and the features you’ve added. Always look for something new to improve your product. A great product should last forever and there is no end to its perfection.

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