Boost Your Business Technology
Frequently Asked Questions
Where can I find out more?
How do I know if my business is eligible?
Use the CDAP grant assessment tool to determine if your business is eligible before applying.
Can I access the BDC loan if I already have a digital adoption plan?
If your business has an approved digital adoption plan in the last 24 months from one of the programs below, you may be eligible to be fast tracked to the BDC loan:
- Atlantic Canada Opportunities Agency: Digital Acceleration Pilot
- BDC Advisory Services
- Digital Acceleration Fund (Prince Edward Island)
- Digital Boost 2.0 (New Brunswick)
- Digitalization Competence Center (DCC)
- Programme Audit Industrie 4.0 / ESSOR – Volet 1B (Quebec)
There are a few conditions in order to utilize multiple funding programs to offset the cost of the digital adoption plan:
- Businesses must review and meet the eligibility criteria of both programs
- Businesses must work with a digital advisor that is recognized by both programs
- The total of the combined grants cannot exceed the amount invoiced by the digital advisor.
Who can I hire with the CDAP wage subsidy?
Businesses can access funds to hire eligible youth between the ages of 18-30 and will receive a wage subsidy of up to $7,300.
Once your eligibility and application has been approved by ISED, you’ll have access to the Magnet platform, which you can use to share job opportunities with eligible youth across Canada.
The Magnet platform will also provide access to resources and learning material to help your business grow and scale digitally.
How many youth can I hire?
For every eligible placement, you can hire one eligible youth. Eligible businesses can apply for more than one placement to carry out digital adoption activities.
Can I access funding from both the Grow Your Business Online and Boost Your Business Technology streams of CDAP?
Businesses can apply to both streams providing they meet the eligibility criteria.
SME Application process
What is the Wage Subsidy Program?
The funded work placement wage subsidy is an additional component of the Boost Your Business Technology grant. In order to apply for the Wage Subsidy Program, SMEs need to be approved for CDAP’s Boost Your Business Technology.
Does the employer have to reach a certain amount of remuneration before applying for the subsidy?
No, SMEs can apply as soon as they are eligible. You will receive an email to your CDAP account with a link to the Magnet Boost Your Business community to submit your application.
What are the required documents from the SME to receive the youth wage subsidy?
Magnet collects Terms and Conditions, Youth Attestation Form, Payment Attestation Form, Invoice, and Surveys.
What is the duration that an SME has to apply for the wage subsidy after being approved by ISED?
The deadline to submit applications for eligible placements is September 30, 2024. Magnet may accept applications for eligible placements that occur before the CDAP completion date of March 31, 2025.
Youth application process
How can youth apply to become wage subsidy eligible talent to support CDAP SMEs?
Youth do not need to apply to become eligible to be a youth participant of the funded work placement. Youth 18 – 30 years of age can join Youth Boost to access the Boost Your Business Job board to apply for CDAP jobs.
What is the eligibility criteria for youth hires?
Please review the wage subsidy criteria on our website.
Use of the wage subsidy
Do all of the employee’s tasks have to be related to digital transformation?
The youth participant will be supporting the employer in implementing digital adoption activities outlined within the digital adoption plan.
Is there contact information available to SMEs for questions regarding the youth wage subsidy?
If you have any questions about the grant, please reach out to email@example.com.
Questions about the Wage Subsidy can be submitted to firstname.lastname@example.org.