The Canadian Digital Adoption Program (CDAP) is a Government initiative aimed at helping small and medium size businesses embrace digital transformation.
What is the process for accessing the grant?
Eligible businesses will be granted $15,000 to develop a Digital Adoption Plan aimed at enhancing and optimizing their practice.
Our Government-appointed advisor will collaborate with you to formulate a comprehensive plan tailored to enhance your business’s cash flow and productivity by up to 20%.
We offer an advisory package specifically designed for dentists, with fees capped at $16,600. You will contribute 10% ($1,660), while the government grant covers the remaining balance.
Upon qualification for CDAP, you will automatically become eligible for an interest-free loan of up to $100,000, which can be utilized for technological advancements.
How an Interest-Free $50,000 Loan Can Save You $12,300 Over 6 Years Compared to a Traditional Interest Bearing Loan
| Year | Loan Balance | Payment | Ending Balance | Interest Savings | Interest Rate |
| 1 | $50,000 | – | $50,000 | $3,475 | 6.95% |
| 2 | $50,000 | $10,000 | $40,000 | $3,225 | 6.45% |
| 3 | $40,000 | $10,000 | $30,000 | $2,380 | 5.95% |
| 4 | $30,000 | $10,000 | $20,000 | $1,710 | 5.70% |
| 5 | $20,000 | $10,000 | $10,000 | $1,040 | 5.20% |
| 6 | $20,000 | $10,000 | – | 470 | 4.70% |
| Total Savings | $12,300 | ||||
