Grants and Contributions

About this information

In June 2016, as part of the Open Government Action Plan, the Treasury Board of Canada Secretariat (TBS) committed to increasing the transparency and usefulness of grants and contribution data and subsequently launched the Guidelines on the Reporting of Grants and Contributions Awards, effective April 1, 2018.

The rules and principles governing government grants and contributions are outlined in the Treasury Board Policy on Transfer Payments. Transfer payments are transfers of money, goods, services or assets made from an appropriation to individuals, organizations or other levels of government, without the federal government directly receiving goods or services in return, but which may require the recipient to provide a report or other information subsequent to receiving payment. These expenditures are reported in the Public Accounts of Canada. The major types of transfer payments are grants, contributions and \'other transfer payments\'.

Included in this category, but not to be reported under proactive disclosure of awards, are (1) transfers to other levels of government such as Equalization payments as well as Canada Health and Social Transfer payments. (2) Grants and contributions reallocated or otherwise redistributed by the recipient to third parties; and (3) information that would normally be withheld under the Access to Information Act and the Privacy Act.

Found one record

$19,930.00

Jun 29, 2022

For-profit organization

Agreement:

Baelio

Agreement Number:

993224

Duration: from Jun 29, 2022 to Jan 31, 2023
Description:

Baelio is a cross border digital payment solution. Helping its users move money abroad, it focuses on where users can get the most value when it comes to digital payments. Currently Baelio can only send money to 1 country (Nigeria). This project will lead to the
implementation of the following in order to be more competitive and take risks in the market:
• Expand its services to include the provision of a platform where the diaspora population can pay bills in their home countries such as phone bills etc. Most diaspora retain subscriptions of services for their families and for other reasons.
• Expand beneficiary countries to 5
• Create a wallet

Organization: National Research Council Canada
Program Name: Industrial Research Assistance Program – Contributions to Firms
Location: Lower Sackville, Nova Scotia, CA B4C 2M8