Historic designation has a number of advantages, including access to subsidy programs to preserve, rehabilitate or restore the historic value of a building.

Dalvay-by-the-Sea National Historic Site
Dalvay-by-the-Sea National Historic Site

Parks Canada established the National Historic Sites of Canada Cost-Sharing Program through which the site owner may be reimbursed up to 50% of eligible costs incurred in the conservation and presentation of a national historic site. For more information, visit the National Cost-Sharing Program for Heritage Places. The program is open to owners and eligible lessees of national historic sites, heritage lighthouses and heritage railway stations.

The Heritage Canada Foundation has compiled a list of all national, provincial, community and regional funding sources available in Canada.