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Summer Company 2022
May 31, 2022Free
Summer Company 2022 is a program of the government of Ontario that helps young people between 15 and 29 years old start and run their own summer business by providing funding, advice and services. The province’s Small Business Enterprise Centres in your community deliver the program.
If you’re accepted into the program, you’ll receive:
- an award of up to $3,000
- a first payment of up to $1,500 for start-up costs
- a second payment of up to $1,500 once you’ve successfully completed the program
- hands-on coaching
- mentoring from business leaders in your community and from your program provider
You also get to keep any profits generated through the operation of your business.
Eligibility and participation requirements for candidates
You’re eligible to participate if you’re:
- a student between 15 and 29 years old as of April 30, 2022 (a parent or guardian must sign the application for applicants under 18)
- starting a new business (if you’re unsure, contact your program provider)
- attending school and returning to school in the fall (this includes full-time, part-time, homeschooling, e-learning, distance learning, apprenticeships, trade schools, etc.)
- a resident of Ontario
- a Canadian citizen or a permanent resident
- not working at another job or attending school for more than 12 hours per week during the duration of the program
- following the Canada Revenue Agency definition of being self-employed
- able to work over the summer program period:
- a minimum of 280 hours if you’re a high school student
- a minimum of 420 hours if you’re a post-secondary student
We may approve exceptions.
You must meet all of the above requirements.
You’re not eligible if you’ve received funding from Summer Company in the past.
If you are on social assistance (Ontario Works or Ontario Disability Support Program) you can still apply to Summer Company. Payments from the program may be exempt as income and assets under social assistance, so your monthly social assistance payment may not be affected.
Call your local Ontario Works or Ontario Disability Support Program office for more information.
Eligibility requirements for businesses
Almost any type of business is eligible, as long as it:
- is a sole proprietorship or a corporation where you (the applicant) will be the majority shareholder
- is an independent business venture
- is a new business, not previously registered or operated on an on-going basis
- operates at arm’s length from family business ventures
- operates in Ontario
- operates full-time as defined in the business plan
- follows government rules and regulations for operating a business
Businesses must meet all of the above requirements.
Check out the yearbook to see the types of businesses started by previous program participants.
How to apply
The program for 2022 is open through May 31. You apply through a Small Business Enterprise Centre.
Businesses not eligible for funding
These types of businesses are not eligible for funding:
- incorporated businesses that are controlled directly or indirectly by a person who would not be eligible for a Summer Company award
- business ventures that are subsidiaries or divisions of an existing business
- business ventures that are continuations of existing commercial endeavors
- commissioned sales
- multi-level marketing ventures
- single events such as a theatrical production, a DJ gig, a music concert, a dance/party event, a fundraiser, a sporting tournament, etc.
- businesses that are strictly pay per click
- 1-900 businesses