If you’re a domestic or multinational record label or a domestic music publisher, you could get a grant between $10,000 and $350,000 to help cover up to 40% of the costs of business activities, like expanding your roster of artists, investing in professional recording and production, or exporting.
In order to be eligible, applicants must demonstrate the following general criteria:
- Be incorporated in Ontario or federally (or prepared to incorporate immediately if the application is successful).
- Have a permanent establishment in Ontario which serves as head office and base of operations (i.e., applicant is eligible to pay corporate income taxes in Ontario; and Ontario address is listed as head office in T2 filing).
- Be Canadian-owned and controlled, as defined in the Investment Canada Act
- Have key management personnel who are Canadian citizens or permanent residents of Canada living in Ontario.
- Be financially solvent and an ongoing entity.
- Have minimum annual revenues of $25,000 from core business activities as a record label or music publisher.
- Be able to demonstrate that they have had a permanent establishment in Ontario for at least one year prior to the deadline; and
- Be in good standing with Ontario Creates at time of application.