Funding for a Business
Incentives from the City of Surrey
We're working with industry, government, and academic partners to create a clean energy hub to encourage clean energy companies to build and operate their business in Surrey.
Incentives from British Columbia
BC offers many company to foster a positive business environment. In addition to having no payroll taxes, BC continues to have a competitive tax climate where corporate tax rates have been reduced by 1/3 since 2001, to 10.5 percent.
BC also supports low operating costs, where production machinery and equipment is exempt from property and sales tax. Individuals with an annual income up to $118,000 also pay the lowest provincial taxes in Canada.
Incentives for Many Sectors
- : Offers attractive incentives to corporations and key staff conducting international activities from BC - 100 percent refund of BC personal income tax paid by registered specialists recruited from abroad who perform qualifying work for first 2 years.
- : 35 percent refundable tax credit on eligible labour costs, limited to 60 percent of total production costs.General Manufacturing - No sales tax collected on purchases of production machinery and equipment
Funding from the federal government
The Government of Canada offersfor:
Starting, buying or expanding a business
Aboriginal peoples, immigrants, women and youth
Specific industries like green energy, agriculture and technology
Funding for new businesses
- : Loans of up to $15,000 are available to new immigrants to Canada, between the ages of 18 to 34, to start their own business
: Women seeking to own their own business can apply to gain funding of up to $150,000.
: Helps small businesses secure up to $500,000 from your financial institution to cover costs to purchase or improve land or property, and purchase new equipment or improve used equipment
Visit Canada Business atfor more details on federal funding programs.