Thunder Bay Ventures is relaunching their Enter the Den program aimed at students in developing business ideas. Students can enter either from Grade 7 & 8 or from high school (grades 9-12). Winners can get up to $1000 in cash, and it doesn't even have to be an operating business, or there's no obligation to run the business. Just come up with a great idea and have a good pitch! Best of luck!
If you had been in business during the pandemic, you knew how much it 'hurt' and the Canadian Emergency Bank Account came in as an option to provide some cash flow. The idea at the time was for a $40,000 'loan' from the government, you had time to pay it off at 0%. And if you paid off $30,000 (75%) of it by a set time then the $10k (25%) was forgiven. As the pandemic went on, another $20,000 could be added, where half of it would be forgiveable. If you had taken the full 60, you would have had to pay 40 to get 20 (30/10 + 10/10). If you had taken 50 the math would be pay 35 to get 15 (30/10 + 5/5) . Now, all sounded okay, but eventually the deadline was coming up and it had been set for December 31 of this year to pay off the amount needed to get the amount to be forgiven. If not, then whatever was left was transferred to a normal loan. If you had taken that 50k example above, if you got to December 31 and only paid back $34... then you would have the full remaini