Funding for small businesses: Atlantic Canada

View of a city in Atlantic Canada where the downtown meets to oceanside

Check out all the grants and subsidies available for small and medium-sized businesses in Newfoundland and Labrador, Prince Edward Island, Nova Scotia and New Brunswick.

Newfoundland/Labrador Business Investment Program Fund

Amount: Repayable term loans at the Bank of Canada interest rate plus 0.5%

Please note: Interest rates are subject to change.
Who can apply (eligibility): Eligible applicants must:
  • Be a small and medium-sized enterprise (SME) based and operating in Newfoundland and Labrador having fewer than 100 employees and less than $10 million in sales.
  • Demonstrate its ability to undertake the work identified in the project proposal.
  • Demonstrate its ability to access the financial capital required to complete the project.
  • Operate in a strategic sector as defined by TCII.
  • Be in good standing with the Government of Newfoundland and Labrador.
How to apply: Download and submit application forms found on the .
Application due date: Ongoing

Nova Scotia Graduate to Opportunity (GTO)

Thinking of bringing on your co-op student as a permanent staff member? This subsidy is perfect for you!

Amount: Employers receive 25% of the first year’s salary (35% if the new graduate is a member of designated diversity group and 12.5% of the second year’s salary.)
Who can apply (eligibility): You can apply for the subsidy if you are:
  • a small business with fewer than 100 employees
  • a start-up company incorporated within two years of the application date
  • a social enterprise, not-for-profit organization, or registered charity with recognized standing
  • the position must be new, permanent, full-time position with a salary of $30,000 a year (minimum).

Note: You cannot receive funding from any other government employment program for this position.

How to apply: Apply online on the .
Application due date: Ongoing. Applications are typically approved within two weeks.

Nova Scotia Workplace Innovation and Productivity Skills Incentive (WIPSI)

Amount:
  • Up to 100% of your training costs to be covered up to $10,000
  • For larger businesses, WIPSI provides up to 50% of direct training costs
Who can apply (eligibility): WIPSI supplements employer contributions to train full-time staff * (permanently located in Nova Scotia) to:
  • Improve productivity and profitability
  • Increase innovation
  • Adapt to new technology, machinery and equipment, or work processes
  • Increase inter-provincial and international competitiveness; and
  • Foster workplace diversity.

* Full-time seasonal employees may be considered.

Eligibility:

  • Located in Nova Scotia
  • Registered and active in the Nova Scotia Registry of Joint Stock Companies or incorporated by an Act of the Nova Scotia Legislature
  • Over one calendar year into operations
  • Generating directly or representing businesses (e.g. Sector councils) that have at least thirty percent (30%) of revenues from commercial activity
  • Producing a minimum of $25,000 in wages or owner remuneration
  • Not solely generating profit from wholesale, retail, and accommodations and food services (e.g. businesses that manufacture and sell products)
How to apply: Apply online on the Labour Market Programs Support System (LaMPSS). Link on the .
Application due date: Ongoing

Prince Edward Island Small Business Investment Grant

Amount: 15% of actual eligible cost as determined at the time of your request for reimbursement - resulting in a maximum grant of $3,750
Who can apply (eligibility): Eligibility:
  • small businesses operating on Prince Edward Island, excluding fishers, farmers, not-for-profit organizations, banks and financial companies, realty companies (including commercial/residential landlords and developers), and professional and consulting services
  • The business must have at least one employee (minimum of 560 hours) or the business is the primary source of income for the applicant. (Verification may be requested.)
  • A person who has multiple qualifying businesses and/or is a controlling shareholder in multiple qualifying businesses is only eligible to access this program for one (1) business per fiscal year.
  • The company is registered to do business federally or provincially.
  • An eligible business can only submit one application per year either through this program or Innovation PEI’s Capital Acquisition program.

Review the full eligibility details on the .

How to apply: Apply online on the .
Application due date: One application to this program per fiscal year will be accepted regardless of the amount. Businesses can include approved multiple capital assets up to a maximum of $25,000.

The due date to apply is March 31, 2025.