Canadian Finance Blog

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Resources to help keep your personal and professional financing on track Posted: 21 Feb 2011 02:00 AM PST Whether you’re a business owner, unemployed, or something in between, managing your finances isn’t something you have to do on your own. There are a number of programs and agencies out there to help you make important financial decisions—you just need to know what they are and how to find them. The following are some resources that can help make your budgeting decisions easier. Canada Education Savings Grant (CESG) The Canada Education Savings Grant helps parents save money for their child’s future post-secondary studies. Once the beneficiary turns 17 he or she can use the money in a number of ways, including full-time or part-time studies in an apprenticeship program, CEGEP, trade school, college, or university. As participants continue to put money into their child’s Registered Education Savings Plan, the government also adds to the fund incrementally. The amount the government adds varies based on the income of the child’s primary caregiver. Interested parties should contact the Canada Revenue Industry. Canada Small Business Financing Program (CSBF) The Canada Small Business Financing Act was enacted in April 1999 to help small businesses professionals get the necessary financing needed for maintaining a successful operation. Qualified business owners can get loans up to $500,000 for things like renovations, expansions, and other improvements. Likewise, the program assists new business owners in securing financing for new business start-ups. To qualify for the program, businesses must have an annual gross revenue that’s less than $5 million per year. Interested professionals apply for the program at local banks and other financial institutions who then use their discretion to issue the loan. Job Bank Canada offers this online service to help individuals find careers that suit their job skills in the public sector. The service allows individuals to search for jobs as well as market themselves to potential employers. Thousands of jobs from across the country are listed on the server. The service also offers separate searches for student jobs and paid internships. The service also offers a job alert option that notifies the user when a new job opening that matches their search criteria becomes available. Small Business Internship Program (SBIP) The Small Business Internship Program was established to assist businesses interested in giving recent college graduates real-world work experience in online development. The program’s goal is for the intern to work with the enterprise to implement an e-business strategy that will increase productivity and competitiveness. The program centers around online development, so while the company must have fewer than 500 employees, it must also have a pre-existing online presence. The program offers financial reimbursement to medium-sized businesses interested in partnering with a post-secondary student intern. The program offers to reimburse 75% of the intern’s wages up to $10,000 over a 12-week period. Interested business’s can apply for the program at participating organizations. Universal Child Care Benefit (UCCB) The Universal Child Care Benefit program offers additional financial assistance to parents to help pay for childcare costs. Parents registered for the program can receive up to $100 per month for each child under six that attends a child care facility. Currently, the parents of more than 2 million children receive assistance through the program. Interested applicants should contact the Canada Revenue Agency to apply for the program. Author Bio: This article was written by Chris Foley of SuretyBonds.com. The agency aims to educate consumers on how to save money in both their personal and professional lives. Related Posts: Build Your Professional Network With LinkedIn The Canada Child Tax Benefit (CCTB) Explained The Universal Child Care Benefit (UCCB) Explained Resources to help keep your personal and professional financing on track originally appeared on Canadian Finance Blog on February 21, 2011.

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