CBDC — Business Valuation and Succession Planning Grant ### 📋 Eligible Entities - Small and medium-sized enterprises (SMEs) operating in Canada - Sole proprietors and self-employed individuals with an established business - Partnerships - Corporations (private and public) - Businesses across all sectors (manufacturing, services, retail, etc.) - Businesses at any stage of succession planning or ownership transition Key Requirement: Business must be operational and seeking professional valuation for succession planning, sale, or strategic purposes. --- ### 💰 Funding Details - Maximum Grant Amount: $7,500 CAD - Cost Coverage: Up to 75% of eligible professional fees - Matching Requirement: Applicant must cover minimum 25% of costs out-of-pocket - Repayability: Non-repayable grant (funds do not need to be returned) - Funding Type: Direct financial contribution (not a loan) Example: If professional valuation costs $10,000, the grant covers up to $7,500 (75%), and you pay $2,500 (25%). --- ### 🛠️ Approved Expenses - Professional business valuation services - Fees for certified business valuators or appraisers - Valuation report preparation and documentation - Business assessment for sale price determination - Succession planning consultation fees (directly tied to valuation) - Expert analysis and financial modeling related to business value Excluded Expenses: General consulting, legal advice unrelated to valuation, marketing, working capital, equipment, or indirect costs. --- ### ⚠️ Conditions & Milestones - Pre-Approval: Obtain written quotes from professional valuators before submitting your application - Valuator Requirements: Must be a qualified, independent professional (e.g., accredited business appraiser or valuation specialist) - Timeline: Complete valuation work and submit receipts/reports within agreed program timeframe - Documentation: Provide proof of payment, invoices, and completed valuation report to claim reimbursement - Business Eligibility: Cannot be in receivership or bankruptcy proceedings - **