Innovation, Science and Economic Development Canada
What Innovation, Science and Economic Development Canada spent in fiscal year 2024-25: 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, 2024-25
Net spending, 2024-25
$4.84B
spent by Innovation, Science and Economic Development Canada, less revenues it kept
Share, 2024-25
1.0%
of the net spending of every federal organization
How did Innovation, Science and Economic Development Canada spend its budget in 2024-25?
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, 2024-25
Transfer payments
Personnel
Professional and special services
Rentals
Acquisition of machinery and equipment
Repair and maintenance
Information
Transportation and communications
Other subsidies and payments
Utilities, materials and supplies
Internal revenues
External revenues
$4.08B
$832M
$172M
$33M
$24.9M
$15.5M
$15.5M
$13.2M
$5.3M
$4M
-$33.9M
-$323M
Total: $4.84B.
Spending by program, 2024-25
The same net spending by program, as GC InfoBase reports program actuals: $4.84B in all. Select a program for its history, plans and results.
$2.35B
$1.03B
$324M
$262M
$156M
$131M
$88.7M
$79.4M
$77.9M
$70.1M
$65.1M
$63.2M
$30.8M
$28.3M
$22.7M
$22.3M
$16.8M
$10.6M
$9.4M
$9.4M
$5.5M
$3.7M
$951K
-$9.2M
Workforce, 2024-25
Full-time equivalents
6,580
the actual FTEs of its programs, as GC InfoBase reports them
Personnel spending
$832M
salaries, wages and benefits (the personnel standard object)
Personnel spending per FTE
$126K
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, 2024-25
The grants, contributions and other transfers Innovation, Science and Economic Development Canada paid, program by program: $4.08B in all, against $4.08B for the transfer payments object above (the Public Accounts publish the two tables separately).
| Contributions under the Strategic Innovation FundPayments | Contribution | $1,703,467,211 |
| Contributions under the Canada Foundation for InnovationPayments | Contribution | $549,054,615 |
| Contributions under the Universal Broadband FundPayments | Contribution | $257,120,579 |
| Contributions under the Global Innovation ClustersPayments | Contribution | $208,945,285 |
| Contribution under the Digital Research Infrastructure StrategyPayments | Contribution | $168,737,584 |
| Contributions to Mitacs IncPayments | Contribution | $135,000,000 |
| Grants under the Canada Digital Adoption Program: Stream 2Payments | Grant | $134,892,735 |
| Contributions under the Strategic Science FundPayments | Contribution | $96,110,585 |
| Contributions to the Upskilling for Industry InitiativePayments | Contribution | $86,159,523 |
| Contributions to the Canada Foundation for Sustainable Development TechnologyPayments | Contribution | $84,610,362 |
| Liabilities under the Canada Small Business Financing Act (S.C., 1998, c. 36)Payments | Contribution | $67,058,671 |
| Contributions under the Canada Digital Adoption Program: Stream 1Payments | Contribution | $65,707,184 |
| Contributions under the Canada Digital Adoption Program: Stream 2Payments | Contribution | $51,053,175 |
| Contributions to electric vehicle battery manufacturersPayments | Contribution | $40,625,350 |
| Contributions under the Women Entrepreneurship StrategyPayments | Contribution | $39,450,748 |
| 54 programs | $4,084,424,784 | |
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
- Prairies Economic Development Canada
- National Research Council Canada
- Natural Sciences and Engineering Research Council of Canada
- Social Sciences and Humanities Research Council of Canada
- Statistics Canada
- Canadian Space Agency
- Atlantic Canada Opportunities Agency
- Canada Economic Development for Quebec Regions
- Federal Economic Development Agency for Southern Ontario
- Pacific Economic Development Agency of Canada
- Destination Canada
- Canadian Northern Economic Development Agency
- Federal Economic Development Agency for Northern Ontario
- Standards Council of Canada
- Copyright Board Canada
Sources
- Public Accounts of Canada 2025, 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.
