Grant, loan, or something in between
Northern Ontario funding is not all grants. Some of it is repayable, and some of it becomes repayable only if a condition is broken. This is the whole registry sorted by what the money actually is.
Grant (non-repayable)
Money you keep. A grant is not repaid, though it almost always carries conditions about what the money may be spent on and what you must report afterwards.
47 programs · you keep it →Conditional contribution
Money you keep if you hold up your end. The funder can require repayment if a stated condition is broken, such as selling the asset or ceasing to operate inside a set number of years.
23 programs · depends on terms →Mixed instruments
A package with more than one instrument inside it, commonly part grant and part loan. The split is the thing to read before you sign.
8 programs · depends on terms →Wage subsidy
The funder covers a share of a specific person’s wages for a set period. You pay the wage and claim it back, so you carry the cash flow.
5 programs · you keep it →Loan (repayable)
Borrowed money, repaid with interest on stated terms. A local lender may still be the fastest and cheapest route, but it is debt.
4 programs · repayable →Rebate
You pay first and are reimbursed after the work is done and verified. Budget for the full cost up front.
2 programs · you keep it →Tax credit
A reduction in tax payable rather than a cheque. It arrives through your tax return, so the benefit lands well after the spending does.
2 programs · you keep it →Repayable contribution
Money you repay, usually without interest and often only once the project generates revenue. It is closer to a loan than a grant despite the name.
1 program · repayable →