--- title: "Navigating the Landscape: Your Guide to the Types of Government Funding in Canada " description: Check out these top grant picks specifically for businesses looking to have more social impact! image: https://blog.hellopocketed.io/hubfs/Imported_Blog_Media/Types-of-Government-Grants.png --- [![](https://blog.hellopocketed.io/hs-fs/hubfs/Pocketed-Wordmark_PRI_EN-1.png?width=992&height=454&name=Pocketed-Wordmark_PRI_EN-1.png)](http://hellopocketed.io) ☰ - The Pocketed Platform - [The Pocketed Platform](https://www.hellopocketed.io/the-pocketed-platform/) - [Plans](https://www.hellopocketed.io/plans/) - Services - [Grant Writing](https://www.hellopocketed.io/grant-writing/) - [Grant Consulting](https://www.hellopocketed.io/grant-consulting-specialist/) - - [Funding by Category](https://www.hellopocketed.io/program/) - [SR&ED & Innovation Funding](https://www.hellopocketed.io/program/sred-innovation-funding/) - [Export Funding Programs](https://www.hellopocketed.io/program/export-funding-programs/) - [Small Business Funding](https://www.hellopocketed.io/program/small-business-funding/) - [Hiring Programs](https://www.hellopocketed.io/program/hiring-programs/) - [Agriculture Programs](https://www.hellopocketed.io/program/agriculture-programs/) - [Women Entrepreneurs](https://www.hellopocketed.io/program/women-entrepreneurs/) - [Funding by Industry](https://www.hellopocketed.io/industry/) - [Consulting](https://www.hellopocketed.io/industry/consulting/) - [Healthcare](https://www.hellopocketed.io/industry/healthcare/) - [Manufacturing](https://www.hellopocketed.io/industry/manufacturing/) - [Agriculture](https://www.hellopocketed.io/industry/agriculture/) - [E-Commerce](https://www.hellopocketed.io/industry/e-commerce/) - [Technology and Innovation](https://www.hellopocketed.io/industry/technology-and-innovation/) - Resources - [Blogs](https://blog.hellopocketed.io/blog) - Webinars - [Book a Pocketed Speaker](https://www.hellopocketed.io/pocketed-speakers/) - [Partners](https://www.hellopocketed.io/partners/) - [Knowledge Centre](https://pocketed.zendesk.com/hc/en-us) [Log in](https://blog.hellopocketed.io/login) [Free Trial](https://blog.hellopocketed.io/plans/) Blog  /  [Grant Tips](https://blog.hellopocketed.io/blog/tag/grant-tips) # Navigating the Landscape: Your Guide to the Types of Government Funding in Canada  February 01, 2024 [Grant Tips](https://blog.hellopocketed.io/blog/tag/grant-tips) [Grant Funding](https://blog.hellopocketed.io/blog/tag/grant-funding) [Grants in Canada](https://blog.hellopocketed.io/blog/tag/grants-in-canada) [Small Business Funding](https://blog.hellopocketed.io/blog/tag/small-business-funding) [research funding](https://blog.hellopocketed.io/blog/tag/research-funding) [government grants](https://blog.hellopocketed.io/blog/tag/government-grants) [grants for startups](https://blog.hellopocketed.io/blog/tag/grants-for-startups) [funding](https://blog.hellopocketed.io/blog/tag/funding) [Resources](https://blog.hellopocketed.io/blog/tag/resources) [Small Business](https://blog.hellopocketed.io/blog/tag/small-business) [Small Business Grants](https://blog.hellopocketed.io/blog/tag/small-business-grants) ![](https://blog.hellopocketed.io/hubfs/Imported_Blog_Media/Types-of-Government-Grants.png) This post was published on February 01, 2024. Program details, deadlines and funding amounts change often — check the current terms before you apply, or [talk to a Pocketed specialist](https://blog.hellopocketed.io/contact). Pocketed is all about simplifying your funding search – and helping you win money.  We spend all our time, making the complex world of government funding in Canada easy (or, at least easier). We know that whether you're an individual, business, or organization, understanding the diverse options available is a game-changer. Here are the key terms to know.  ### 1. Grants: Unlocking Opportunities without Repayment  Grants are a keystone funding source.  Grants are typically awarded based on specific eligibility criteria over a set period of time (for example, must have made $500k in the previous tax year, or must have two full-time employees). Grants fund projects or initiatives – so it’s less about what industry your company is in and (way!) more about what you’re spending money on! Our platform and our grant specialists can help!  Why do we love grants? Well, there are lots of reasons, but a big one is the recipient is not required to repay the funds.  At Pocketed, we match you with grants based on your business’ eligibility, opening doors without the burden of repayment or interest calculations.  ### 2. Subsidies: Reducing Costs for Economic Growth  Designed to support economic development activities or specific sectors, subsidies reduce costs, making goods or services more accessible. A great example is a wage subsidy – you hire, pay the employee and get some (or all) of that money back!  Why does this exist? Governments incentivize desired behaviors.  At Pocketed, we help you leverage subsidies to fuel your economic journey.  ### 3. Incentives: Motivating Success in Your Ventures  Who doesn't love a good (business) incentive? We're here to guide you through monetary rewards, benefits, or advantages that stimulate specific behaviors or activities. At Pocketed, we know incentives can power success, and we can help you claim your fair share.  ### 4. Business Competitions and Awards: Spotlighting Achievements  Competitions and awards are your chance to showcase your unique value to big audiences! From market success, to unveiling innovations, these opportunities recognize achievements and serve as stepping stones for future funding.  ### 5. Tax Credits: Your Reward for Economic Contributions  Tax credits reduces the total tax amount your business owes the government.  At Pocketed, we uncover tax credits that reward your specific economic activities or expenses, saving you valuable capital for your organizational growth and goals.   ### 6. Tax Deductions: Lowering Your Taxable Income  Tax deductions are the strategic moves to lower your taxable income, resulting in a decreased effective tax rate. Let us guide you in navigating deductions, optimizing your financial landscape.  ### 7. Loans: Funding Your Vision  Sometimes good old fashion debt is the best option! We can provide support on finding the right loans (these you do have to pay back). Our goal is to make the loan process seamless and strategic specific to your needs by setting you up with the right programs and contacts!  Pocketed will be your funding champion - helping you find and secure available funding. With our full-service and self-serve software solutions, we're committed to making the process of finding, - and winning – funding smoother, ensuring you access the funds you need for success.   Discover more, achieve more, earn more, with Pocketed.  On this page #### Don't miss a penny New funding programs, deadlines and tips — in your inbox, twice a month. First name Email Subscribe ## Find the funding that fits your business Pocketed's intelligent matching connects you with the grants, tax credits and incentives you actually qualify for. [Start free trial](https://blog.hellopocketed.io/signup) [See how it works](https://blog.hellopocketed.io/how-it-works) ![Pocketed, a Deloitte business](https://blog.hellopocketed.io/hubfs/Pocketed-Wordmark_SEC_EN.png) Pocketed's intelligent matching platform and specialist grant writing service simplifies the funding journey for Canadian businesses. Getting funding can truly be that simple. #### Don't miss a penny Get the latest grants, funding deadlines, and tips straight to your inbox. Sign me up Funding tips and programs, straight to your inbox. 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