Innovation, Science and Economic Development Canada
What Innovation, Science and Economic Development Canada spent in fiscal year 2023-24: its net expenditure by standard object, from the Public Accounts of Canada, Volume II.
Reports through Innovation, Science and Industry; the overview shows it in that ministry.
What Innovation, Science and Economic Development Canada does
The Department of Innovation, Science and Industry (ISED) is the federal department responsible for fostering economic growth, technological advancement, and scientific research in Canada. It plays a key role in supporting businesses, funding research and development, and shaping policies that aim to enhance innovation, industrial competitiveness, and the prosperity of the Canadian economy.
Spending, 2023-24
Net spending, 2023-24
$4.35B
spent by Innovation, Science and Economic Development Canada, less revenues it kept
Share, 2023-24
0.9%
of the net spending of every federal organization
How did Innovation, Science and Economic Development Canada spend its budget in 2023-24?
By standard object. Revenues it kept are negative and netted against its spending. Transfer payments are broken into their largest named programs.
Spending by standard object, 2023-24
Transfer payments
Personnel
Professional and special services
Rentals
Acquisition of machinery and equipment
Information
Other subsidies and payments
Repair and maintenance
Transportation and communications
Utilities, materials and supplies
Acquisition of land, buildings and works
Internal revenues
External revenues
$3.54B
$804M
$212M
$32.1M
$23.6M
$18.4M
$16M
$13.8M
$12.6M
$3.9M
$16K
-$38.9M
-$285M
Total: $4.35B.
Spending by program, 2023-24
The same net spending by program, as GC InfoBase reports program actuals: $4.35B in all. Select a program for its history, plans and results.
$2.1B
$669M
$372M
$225M
$143M
$138M
$135M
$97.9M
$70.2M
$68.2M
$67.8M
$54.8M
$40.6M
$36.3M
$29.6M
$27.9M
$17.8M
$15.3M
$9.6M
$9.3M
$8.6M
$5.5M
$3.6M
$1.5M
Workforce, 2023-24
Full-time equivalents
6,414
the actual FTEs of its programs, as GC InfoBase reports them
Personnel spending
$804M
salaries, wages and benefits (the personnel standard object)
Personnel spending per FTE
$125K
personnel spending divided by full-time equivalents
A full-time equivalent is a measure of employment, not a headcount: two half-time employees are one FTE. Personnel spending includes benefits and pension contributions, so per FTE it is not an average salary.
Transfer payment programs, 2023-24
The grants, contributions and other transfers Innovation, Science and Economic Development Canada paid, program by program: $3.54B in all, against $3.54B for the transfer payments object above (the Public Accounts publish the two tables separately).
| Contributions under the Strategic Innovation FundPayments | Contribution | $1,404,605,079 |
| Contributions under the Canada Foundation for InnovationPayments | Contribution | $375,805,058 |
| Contributions under the Universal Broadband FundPayments | Contribution | $288,572,613 |
| Grants under the Canada Digital Adoption Program: Stream 2Payments | Grant | $250,200,182 |
| Contributions under the Global Innovation ClustersPayments | Contribution | $222,657,064 |
| Contributions to the Canada Foundation for Sustainable Development TechnologyPayments | Contribution | $139,173,431 |
| Contributions to Mitacs IncPayments | Contribution | $126,000,000 |
| Liabilities under the Canada Small Business Financing Act (S.C., 1998, c. 36)Payments | Contribution | $88,972,630 |
| Contributions to Genome CanadaPayments | Contribution | $59,400,000 |
| Contributions under the Women Entrepreneurship StrategyPayments | Contribution | $50,335,679 |
| Contributions under the Connect to Innovate ProgramPayments | Contribution | $44,679,944 |
| Contributions under the Digital Research Infrastructure StrategyPayments | Contribution | $43,563,847 |
| Contributions under the Canada Digital Adoption Program: Stream 1Payments | Contribution | $40,663,014 |
| Contributions to CANARIE IncPayments | Contribution | $40,600,000 |
| Contributions to the Upskilling for Industry InitiativePayments | Contribution | $37,867,884 |
| 60 programs | $3,535,512,075 | |
Contracts of $10,000 and under
Contracts this small are not published one by one: Treasury Board publishes each organization's totals, by calendar year, for contracts of $10,000 and under (their original value and their amendments) and for acquisition card purchases. They are the value of contracts entered into, not what was paid in a fiscal year, so they are not part of the net expenditure above, and the years are calendar years.
| Calendar year | Goods | Services | Construction | Acquisition cards | Total |
|---|---|---|---|---|---|
| 2019 | $1,762,857 | $4,178,923 | $19,666 | $8,504,192 | $14,465,639 |
| 2018 | $2,150,142 | $4,676,843 | $21,736 | $10,612,889 | $17,461,609 |
| 2017 | $1,891,463 | $4,116,989 | $74,336 | $9,521,745 | $15,604,533 |
Innovation, Science and Economic Development Canada’s share of federal net spending
Other organizations in Innovation, Science and Industry
- National Research Council Canada
- Natural Sciences and Engineering Research Council of Canada
- Social Sciences and Humanities Research Council of Canada
- Statistics Canada
- Federal Economic Development Agency for Southern Ontario
- Canadian Space Agency
- Destination Canada
- Standards Council of Canada
- Copyright Board Canada
Sources
- Public Accounts of Canada 2024, Volume II: Ministerial expenditures by standard object (Table 3)
- Public Accounts of Canada, Volume II: Transfer payments (multi-year open data)
- GC InfoBase – Federal Programs – Actual and Planned Spending (programs_spending.csv)
- GC InfoBase – Federal Programs – Actual and Planned Employees (programs_ftes.csv)
- Proactive Publication - Contracts: Aggregated Total - Contracts $10K and under
Department figures are net expenditure (Public Accounts, Volume II), which doesn’t add up to the accrual expenses of the overview’s headline. See the methodology.
