Grant and contribution program
(S) Liabilities under the Canada Small Business Financing Act (S.C., 1998, c. 36)
Department of Industry · Industry, agriculture and fisheries
In fiscal year 2024–25, Department of Industry paid out $67.1 million under (S) Liabilities under the Canada Small Business Financing Act (S.C., 1998, c. 36), down from $89.0 million in 2023–24. That is $2.24 per tax filer.
Headline figures
Fiscal year 2024–25
$67.1M
Down $21.9M from $89.0M in 2023–24.
Per tax filer uses 29,965,100 tax filers (2023, the latest count published); per person uses a population of 41,162,593 (2024). An allocation of cost, not a tax bill.
Show these figures as a table
| Fiscal year | Spending |
|---|---|
| 2023–24 | $89.0M |
| 2024–25 | $67.1M |
Largest recipients
The largest named recipients of payments reported under this program in 2024–25. Location is the recipient's address, which is not always where the money is spent. Recipient payments can differ slightly from the program total above because the Public Accounts report them separately.
| Recipient | Location | Paid | Per tax filer |
|---|---|---|---|
| Royal Bank of Canada | Toronto, Ontario | $24.8M | $0.83 |
| Bank of Montreal | Mississauga, Ontario | $15.4M | $0.51 |
| TD Canada Trust | Mississauga, Ontario | $10.8M | $0.36 |
| Royal Bank of Canada | Montréal, Quebec | $6.0M | $0.20 |
| Scotiabank | Toronto, Ontario | $3.6M | $0.12 |
| Fédération des Caisses Desjardins du Québec | Lévis, Quebec | $2.9M | $0.10 |
| Bank of Montreal | Montréal, Quebec | $574K | $0.02 |
| Affinity Credit Union | Rosthern, Saskatchewan | $543K | $0.02 |
| Servus Credit Union | Lloydminster, Alberta | $495K | $0.02 |
| Canadian Imperial Bank of Commerce | Toronto, Ontario | $471K | $0.02 |
Source and basis
- Detailed information on Transfer Payments, as per the Public Accounts of Canada, retrieved 2026-11-03. Open Government Licence - Canada.
- Recipients: Detailed information on Transfer Payments, as per the Public Accounts of Canada.
- Net expenditures of this transfer payment program in the Public Accounts. It overlaps with program spending, so do not add the two.
← All industry, agriculture and fisheries spendingHow the figures are calculated