A freelance writer is the sole proprietor of a small business, and treats his or her business accordingly. There are overhead costs, taxes, occasionally there are employees or contractors to be paid, but as a small business in Ontario there is help available.
Opening a business is always tricky. In Ontario, entrepreneurs and small business owners can turn to the federal, provincial and municipal governments for financial assistance. Governments at all levels understand that small businesses drive local economies, and do all they can to support these businesses, helping to ensure they have a strong foundation on which to build.
Ontario Self Employment Benefit
Unemployed job seekers who present a plan for self-employment can apply for entrepreneurial assistance from the Government of Ontario. This assistance may include an extension of job seeker’s benefits, and/or a small one-time grant for start-up business costs.
If you are ineligible for job seeker’s benefits, but are collecting Ontario Works (social assistance), there is a similar program in place to assist you in weaning off benefits and building a business. Speak to a representative at the number below to learn more.
Contact Employment Ontario Toll Free at 1-800-387-5656
TTY (telephone service for the deaf) 1-866-768-1157
Eastern Ontario Development Fund
If your business is located in Eastern Ontario, you may be eligible for a slice of the $80 million pie. The goal of the fund is to support established businesses looking to expand into new directions and new geographic locations in Eastern Ontario.
Businesses must have a minimum of ten employees to be considered. Eligible companies can receive 15% of expenses for equipment purchase and employee training upon presenting the EODF with a five-year business plan.
For more information, contact the Eastern Ontario Development Fund by telephone at 1-866-909-9951 or 613-542-7266
Email: eodf@ontario.ca
Business Development Bank of Canada (BDC)
BDC is a Canada-wide resource for entrepreneurs of all stripes – from small business owners to larger enterprises looking to expand. There are a series of options available, including Aboriginal Banking Services, venture capital, start-up financing and equipment purchase grants and loans.
BDC offers consulting to assess your needs, consider your capital and find the right financing for your venture. The consulting service includes reviewing and revising your business plan to make it more attractive to lenders and venture capitalists. The free online business plan template can help get you started.
BDC can be contacted at 1 877 BDC-BANX (232-2269)
