Introduction to PCAN Part 2
The Canadian Digital Adoption Program (CAN) is a Canadian government initiative designed to stimulate the digital transformation of businesses. After the success of the first component, focused on the development of online commercial activities, PCAN is launching its second component, offering even greater opportunities for Canadian businesses. To learn more about PCAN Part 2, see About PCAN Part 2 .
Improve Your Business Technologies
Grants and Loans
This new stream offers grants of up to $15,000 to develop a digital adoption plan, as well as interest-free loans of up to $100,000 from the Business Development Bank of Canada (BDC) for the implementation of the plan. In addition, it offers up to $7,300 to hire a qualified young person to implement the technologies. For more details on the BDC loan, visit BDC Loan .
Eligibility
To be eligible, your business must be Canadian-owned, for-profit or a cooperative, with an annual turnover of at least $500,000, but not more than $100 million.
How to participate?
Step 1: Create your Account
Start by creating a PCAN account. You can use your email address, GCKey, or the Interac service. See Create an account to get started.
Step 2: Confirm your Eligibility
Use your My Business Account credentials from the Canada Revenue Agency to confirm the eligibility of your business.
Step 3: Develop a Digital Transformation Plan
After signing the grant agreement, work with a digital advisor to develop your digital adoption plan.
Step 4: Submit your Grant Application
Finalize your digital adoption plan and submit your grant application.
Additional Benefits
Digital Needs Assessment
Evaluate your company's current use of technology and determine your operational needs.
Paid internship
Receive up to $7,300 in wage subsidy to hire a talented young person. For more information, see Paid Internship .
FAQs
Who can apply for PCAN Stream 2?
Canadian for-profit or cooperative businesses, with an annual turnover of at least $500,000.
How do I create a PCAN account?
Visit the Submit a Request link and follow the instructions to create an account.
What are the advantages of PCAN Part 2?
Grants of up to $15,000 for a digital adoption plan, interest-free loans of up to $100,000, and wage subsidies to hire qualified young people.
How can I check my eligibility?
Use your CRA My Business Account credentials to confirm your business's eligibility in real time.
What are the criteria for the BDC loan?
Your company must have developed a digital adoption plan under PCAN or another recognized program.
Maximize the Benefits of PCAN for Your Business
The second component of the PCAN represents an exceptional opportunity for Canadian SMEs to modernize and remain competitive. If you are eligible, do not hesitate to begin your journey towards digital transformation. For more information, contact the program managers or visit the official PCAN website.
Conclusion
The second component of the PCAN is a golden opportunity for Canadian SMEs to modernize and remain competitive. With substantial grants, interest-free loans and hiring assistance, now is the perfect time to invest in digital transformation and ensure the growth and sustainability of your business.
Check out THE 7 BEST DIGITAL TRANSFORMATION GRANTS FOR SMBs to discover other grant opportunities
