{"id":541,"date":"2022-09-27T14:23:03","date_gmt":"2022-09-27T09:23:03","guid":{"rendered":"https:\/\/blog.tossdown.com\/?p=541"},"modified":"2022-09-27T17:16:40","modified_gmt":"2022-09-27T12:16:40","slug":"canada-digital-adoption-program","status":"publish","type":"post","link":"https:\/\/tossdown.com\/blog\/canada-digital-adoption-program\/","title":{"rendered":"How Canada Digital Adoption Program helps online businesses"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Small and medium enterprises (SMEs) are the backbone of the Canadian economy. In the aftermath of COVID-19, most small businesses find themselves feeling insecure about their finances. The Government of Canada provides financial support in the form of <\/span><a href=\"https:\/\/blog.tossdown.com\/covid-19-grants-for-business-owners\/\"><span style=\"font-weight: 400\">loans, grants, and subsidies<\/span><\/a><span style=\"font-weight: 400\"> to small businesses to promote economic growth and development. Finding the right financing option is essential to the success of any startup and it\u2019s important to research these options before coming to a decision.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">One such initiative is the <\/span><a href=\"https:\/\/ised-isde.canada.ca\/site\/canada-digital-adoption-program\/en\/boost-your-business-technology\"><span style=\"font-weight: 400\">Canada Digital Adoption Program<\/span><\/a><span style=\"font-weight: 400\"> to help Canadian-owned SMEs grow their online presence and upgrade or adopt digital technologies. Under this grant, businesses can cover 90% of costs upto $15,000 to access digital advisory services to develop a digital adoption plan. They also have access to interest-free loans from the Business Development Bank of Canada (BDC) and opportunities for student placements.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to <\/span><span style=\"font-weight: 400\">Hon. Mary Ng, Minister of International Trade, Export Promotion, Small Business and Economic Development, \u201cOur government is committed to ensuring that all Canadian businesses benefit from the digital economy \u2013 from main street retail shops to entrepreneurs to manufacturers. The Canada Digital Adoption Program will support as many as 160,000 small- and medium- sized businesses to adopt new technologies while creating thousands of jobs for young Canadians. I encourage small business owners and entrepreneurs to apply for the CDAP and leverage technology to grow their business and access new customers around the world.\u201d<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/tossdown.com\/blog\/canada-digital-adoption-program\/#Eligibility_criteria\" title=\"Eligibility criteria\">Eligibility criteria<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/tossdown.com\/blog\/canada-digital-adoption-program\/#Start_your_application\" title=\"Start your application\">Start your application<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/tossdown.com\/blog\/canada-digital-adoption-program\/#Quick_facts\" title=\"Quick facts\">Quick facts<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Eligibility_criteria\"><\/span><span style=\"font-weight: 400\">Eligibility criteria<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400\">In order to be eligible for this financing option, you and your business must meet the following criteria.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">You must be a business owner or director.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Your business must be legally registered.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Your business must be privately owned and run for profit.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Your business must have between 1-499 full-time employees.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">You must have at least $500,000 of yearly revenues in one of the previous three tax years.<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Start_your_application\"><\/span><span style=\"font-weight: 400\">Start your application<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Provide basic information about yourself and your business.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Complete a digital needs assessment for your business.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Outline your company\u2019s digital maturity and compare it with the industry benchmark.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Once you\u2019ve submitted your digital needs assessment, you will be assigned a digital advisor for developing your digital plan.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">When the digital adoption plan is complete, you can submit it to process your grant payment.\u00a0<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Quick_facts\"><\/span><span style=\"font-weight: 400\">Quick facts<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400\">Here are a <\/span><a href=\"https:\/\/pm.gc.ca\/en\/news\/news-releases\/2022\/03\/03\/new-canada-digital-adoption-program-help-small-businesses-thrive\"><span style=\"font-weight: 400\">few quick facts<\/span><\/a><span style=\"font-weight: 400\"> about the program\u2019s efficacy in helping SMEs improve their financial standing in a post-pandemic world.\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The CDAP is expected to support as many as 160,000 small businesses and create employment opportunities for thousands of individuals.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Funding includes $1.4 billion in grants and advisory services to SMEs to help cover the cost of digital transformation plans.\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">The COVID-19 pandemic has seen a sharp increase in e-commerce sales. Canada alone saw a growth of <\/span><a href=\"https:\/\/blog.tossdown.com\/how-an-online-store-can-boost-your-sales\/\"><span style=\"font-weight: 400\">more than 75%<\/span><\/a><span style=\"font-weight: 400\"> in 2020 as mandatory isolations pushed shoppers to rely more heavily on online retailers.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Small and medium enterprises (SMEs) are the backbone of the Canadian economy. In the aftermath of COVID-19, most small businesses find themselves feeling insecure about their finances. The Government of Canada provides financial support in the form of loans, grants, and subsidies to small businesses to promote economic growth and development. Finding the right financing [&hellip;]<\/p>\n","protected":false},"author":216,"featured_media":543,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,23],"tags":[],"class_list":{"0":"post-541","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blog","8":"category-updates"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How Canada Digital Adoption Program helps online businesses - tossdown<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tossdown.com\/blog\/canada-digital-adoption-program\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Canada Digital Adoption Program helps online businesses - tossdown\" \/>\n<meta property=\"og:description\" content=\"Small and medium enterprises (SMEs) are the backbone of the Canadian economy. 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