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Deductions · 8 min

Every deduction Canadian small businesses miss

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8 grants every Canadian founder should know about

Deductions · 7 min

The Small Business Deduction, fully explained

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Deductly is a discovery tool, not a tax filer. Information is provided for educational purposes. Always confirm program details and eligibility with a qualified Canadian accountant before applying or claiming any benefit.

DeductlyCA
ProgramsHow it worksTry it liveLearnWatchPricing
FRLog inStart free
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INCENTIVEAll of Canada

Futurpreneur Newcomer Startup Program

Last verified: June 2026

A government-backed startup loan and mentorship package for entrepreneurs who recently moved to Canada and have little or no Canadian credit history. Futurpreneur lends up to $12,500 and BDC matches with up to another $12,500, for a combined $25,000 of equity-free financing. Applicants also get up to two years of one-on-one mentorship plus business planning tools. The program runs on a federal commitment funded through at least 2029.

See if I qualifyOfficial page
Estimated value
Up to $25,000 in loans plus two years of mentorship
Approval likelihood
Medium
Ready to apply score
70/100
Documents needed
5

Eligibility

  • Business types:incorporated, self-employed, partnership
  • Industries:All industries
  • Provinces:All of Canada
  • Max business age:1 years

What you'll need

  • Government-issued ID and proof of permanent residence or citizenship
  • Social insurance number not starting with 9
  • Business plan
  • 24-month cash flow projection
  • Two character references, one from a Canadian citizen

How to apply

  1. 1Confirm you are 18 to 39 and have lived in Canada under 60 months
  2. 2Build your business plan and cash flow using Futurpreneur's free tools
  3. 3Sign up on the Futurpreneur site to connect with a team member
  4. 4Submit your full application before your 40th birthday

Is your business a fit for Futurpreneur Newcomer Startup Program?

Take the 3-minute quiz to find out, and see every other Canadian program you qualify for at the same time.

Check my eligibility

Related programs

INCENTIVE

BDC Growth & Transition Capital

Up to $5,000,000

INCENTIVE

Canada Small Business Financing Program (CSBFP)

Up to $1,000,000 in financing

INCENTIVE

AgriStability

Up to 70% of margin decline

A monthly digest

New programs, in your inbox.

We are in beta. Drop your email and we will write when the first digest is ready. Monthly cadence, easy unsubscribe.

Deductly CA

Every Canadian grant, tax credit, and deduction your business qualifies for. In one ranked list.

Start the assessment
Product
  • Eligibility quiz
  • All programs
  • Watch (live changes)
  • The funding journey
  • When to apply
  • Stackability map
  • Document checklist
  • Calculators
  • Tracker
  • Learn
  • Pricing
Resources
  • For accountants
  • Public API
  • RSS feed
  • What's new
  • Roadmap
  • Press
  • vs ChatGPT
  • vs Benefits Finder
By province
  • Ontario
  • British Columbia
  • Alberta
  • Quebec
  • Manitoba
  • Saskatchewan
By industry
  • Technology & Software
  • Manufacturing
  • Retail & E-commerce
  • Food & Beverage
  • Professional Services
  • Creative & Media
For
Women entrepreneursNewcomersIndigenous businessYouth foundersBlack entrepreneursFirst-hire employers
Recent guides
Deductions · 8 min

Every deduction Canadian small businesses miss

Grants · 10 min

8 grants every Canadian founder should know about

Deductions · 7 min

The Small Business Deduction, fully explained

© 2026 DeductlyPrivacyTermsAboutFrançaisContact
All systems operational

Deductly is a discovery tool, not a tax filer. Information is provided for educational purposes. Always confirm program details and eligibility with a qualified Canadian accountant before applying or claiming any benefit.