Yellow Ducks and Free Money

A minor fire storm of gossip and criticism hit the Toronto talk radio airwaves in early June as preparations for the Canada 150th birthday celebrations were fully underway!

The Province of Ontario, as part of the Ontario 150 tour, gave away a large grant funding (free money) with a portion going towards the rental of a large yellow duck. Reputedly the world's largest yellow duck, the six-story giant inflatable waterfowl was showcased at the Redpath Waterfront Festival from July 1st – 3rd in Toronto.

Many people expressed their skepticism about the value of the yellow duck installation and one politician referred to the project as an *"absurd waste of taxpayers' dollars".

The good news is that you too, as a Canadian resident, can access numerous federal and provincial government programs that give money away, upon a written submission, in the form of grants, loans (non-refundable and repayable) and subsidies (employee wage subsidies for example). These government programs are designed to promote various government policy objectives such as encouraging women business owners, creating economic development in remote communities, assisting in the funding of new factories, green initiatives and so on.

The opportunities for you to apply for funds to meet your needs include an estimated:

  • 5,300 Private Foundations
  • 1,800 Federal Government programs
  • 3,950 Provincial Government programs
  • 11.400 Municipal program and finally
  • 80,000 Scholarship programs for education

The figures are supplied by Chris Johnson, a Canadian expert on "unlocking Canada’s Free Money Vault", as he refers to it.

There are two obstacles that prevent Canadians from applying for any of these programs. The first is the assumption "it doesn’t apply to me". The second obstacle is the sheer confusion about how to get started as well as the eligibility criteria (these criteria are usually spelled out on the actual applications).

The key to success is first applying for any programs that you may be suitable for, which can lead to multiple grants for the same need, according to Johnson, and making sure the applications are completed correctly in order to avoid rejection on a technicality.

The starting point for the Federal Government is: The website provides the name of the program, its policy purpose and eligibility requirements. The key is to use the government's own verbiage (the magic sauce) in your answers when completing the application. Make sure your application refers back to how your application will solve a government problem such as creating jobs!

You can also access business programs: for help in buying a business, expanding a business or to get capital grants to start or expand a business. Residents of Ontario can go to and each province has similar websites.

There are all types of programs including energy, education (including getting grants to help graduates pay off student loans) and to promote women business owners (men can benefit also as minority shareholders). In fact, according to Johnson, an estimated 1 million Canadians benefit annually from all types of programs! All it takes is some time and effort.

Happy Canada 150th!

*Huffington Post, Canada Gets Giant Rubber Duck For Its Birthday Because A Loon Is Too Damn Expensive. Retrieved on June 15th, 2017.

Copyright © 2017 AdvisorNet Communications Inc., under license from W.F.I. All rights reserved. This article is provided for informational purposes only and is based on the perspectives and opinions of the owners and writers only. The information provided is not intended to provide specific financial advice. It is strongly recommended that the reader seek qualified professional advice before making any financial decisions based on anything discussed in this article. This article is not to be copied or republished in any format for any reason without the written permission of AdvisorNet Communications. The publisher does not guarantee the accuracy of the information and is not liable in any way for any error or omission.

Book a Meeting


  • David Gorveatte has handled our investments since 2010. We have been impressed with David’s helpfulness, his “no pressure” advice and his passion to help clients understand financial products and terminology. We have also been very pleased with the results of the investment decisions through which he has guided us. David is accessible, very knowledgeable, and a man of highest integrity. We have no hesitation in recommending his services.

  • David – Thank you for the recent review of our account. We are certainly pleased with the performance and rate of return, considering the volatility of the markets. The investment plan that you helped us put in place, has allowed us a monthly draw and still maintain our principle. We are enjoying our retirement and living within our means. Your assistance has been greatly appreciated.

  • Re: Article in Investment Executive

    Congratulations on the recent article in this national financial newspaper.

    This is well deserved recognition and perfectly describes what you do for your clients. Within a short time of meeting you, you became not only a reliable financial adviser but also a trusted friend.

    I very much appreciate what you do for me and my family. I trust your always sound advice in my financial matters and you are always available for advice when needed, in all matters.

    You always take the time to answer any questions I may have and you always make sure I fully understand your explanations.
    I recognize that you play a large role in the lifestyle that I now enjoy in my retirement.

    Thank you

  • You have been an excellent Financial Advisor to us since Apr 2003 , not only for RRSPs, RRIFs, and Savings accounts but on such things as advice on Life Insurance , upgrading our Wills and checking Income Tax returns etc and showing us how to check our accts on line. Knowledgeable, Helpful and Friendly and always willing to help in any way you can. With our Very Limited knowledge about investing , we don't know what we would do without you !! Thank you so much for everything you do for us . Hope you and your family have a wonderful Easter.

  • David Gorveatte is a financial planner whose profile stands tall. He is ethical beyond reproach, he is savvy and abreast of the latest developments in the financial world, and he will make the most of every penny you invest with him. He takes a personal interest in his clients, considering their individual financial needs and develops a custom-made plan for each. One or two of these traits is admirable, but to find a financial planner to demonstrate all of the above, as David consistently does, is, indeed, valuable beyond measure in today’s world – knowing that you can trust that he will always do his best for you.

  • For the past several years, Mr. David Gorveatte has provided excellent financial advice and service for our investments. When Mr. Gorveatte left his former company, we did not hesitate to move our book of business with him.

    Rest assured, if you decide to solicit Mr. Gorveatte as your financial advisor, you would have no worries or concerns.

E-newsletter Sign-up

Click Here for Current Issue


Email marketing by AdvisorNet Communications Inc