startGBC - Your gateway to entrepreneurship at George Brown College

Your gateway to entrepreneurship at George Brown College

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Start A Summer Company

March 2, 2021 by startGBC

Start a Summer Company

How it works

Through a program called Summer Company, you can get:

  • start-up money to kick-off a new summer business
  • advice and mentorship from local business leaders to help get the business up and running

Learning how to run your own student business is one of the best summer jobs you can have. You get to be your own boss while learning what it takes to manage a business. Sales, marketing, bookkeeping, customer relationship management and networking are just a few of the highly useful skills you’ll develop.

Who is eligible

You could be eligible, if you:

  • go to high school, college or university
  • live in Ontario
  • are a Canadian citizen or permanent resident
  • are between 15-29 years old (if under 18: a parent or guardian must sign the agreement for the applicant)
  • are not already running a business
  • are not working at another job or going to school for more than 12 hours a week during the program
  • are returning to school after the program ends

You cannot apply again, if you have received a Summer Company grant 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.

Award amount

Maximum award: $3,000
Successful Summer Company applicants get:

  • up to $1,500 up front to help with start-up costs
  • up to $1,500 when you successfully complete the program requirements

Dates and hours

Start date: usually May to July.
End date: Labour Day (but you can choose to keep running your summer business while in school).

Over the summer program period, you must be prepared to commit:

  • a minimum of 280 hours for high school students
  • a minimum of 420 hours for post-secondary students

What kind of business

You can choose to start almost any type of business, as long as it:

  • is a sole proprietorship or corporation (where you are the majority shareholder)
  • is an independent business venture (not a part of an existing or family business)
  • qualifies as “self-employed” for income tax purposes
  • operates in Ontario on a full-time basis
  • follows government rules for operating a business

More information on self-employed workers (Canada Revenue Agency)

Originally posted on: Ontario.ca 

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