This program is designed specifically for independent Ontario-based magazine publishers like you. It offers up to $80,000 in funding, which can cover up to 75% of your project budget. This financial support can help you grow your business through new strategic initiatives aimed at achieving your business development and marketing goals.

Key Benefits:

• Significant Funding: Up to $80,000 available, depending on your eligible sales revenue.
• Diversity Enhancement Stream: Additional support of up to $15,000 for companies with racially diverse or Francophone ownership.
• Flexible Use: Funds can be used for various business development and marketing initiatives.

Why Apply?

• Government-Backed: This funding is backed by the government, providing a reliable source of financial support.
• Easy Application Process: The application process is straightforward and can be completed online, with ample support available.
• Growth Opportunities: Being approved can significantly boost your business, allowing you to implement new strategies and reach your objectives more effectively.

Applying for this program is a smart move to secure the resources you need to take your magazine publishing business to the next level.

Type of Financing: Tax Credit

Repayment Term and Interest Rates:

• This is a tax credit, so there is no repayment term or interest rate.

Eligible Expenses:

• Business development initiatives.
• Marketing objectives.
• Strategic initiatives that enable publishers to achieve measurable results.

Ineligible Expenses:

• General operating expenses.
• Costs not directly related to the approved project.

Fees:

• No fees are associated with applying for or receiving this tax credit.

This program offers your business up to $80,000 in funding. This money can be used to help your business grow by creating and implementing new strategic initiatives. These initiatives should aim to achieve clear, measurable results in business development or marketing.

You can use the funds for a variety of projects, such as expanding your marketing efforts, developing new products, or improving your business operations. The program covers up to 75% of the total project budget, making it a significant financial boost for your business.

For businesses owned by racially diverse, Francophone, or other diverse groups, there is a special stream that provides up to $15,000 in project support. This is a great opportunity to get the financial help you need to take your business to the next level.