Innovation, Science and Economic Development Canada
What Innovation, Science and Economic Development Canada spent in fiscal year 2025-26: its net expenditure by standard object, from the Public Accounts of Canada, Volume II.
Reports through Innovation, Science and Economic Development; 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, 2025-26
Net spending, 2025-26
$4.34B
spent by Innovation, Science and Economic Development Canada, less revenues it kept
Share, 2025-26
0.9%
of the net spending of every federal organization
How did Innovation, Science and Economic Development Canada spend its budget in 2025-26?
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, 2025-26
Transfer payments
Personnel
Professional and special services
Rentals
Acquisition of machinery and equipment
Information
Transportation and communications
Repair and maintenance
Other subsidies and payments
Utilities, materials and supplies
Acquisition of land, buildings and works
Internal revenues
External revenues
$3.59B
$821M
$206M
$35.7M
$31.7M
$22.9M
$12M
$7.5M
$3.6M
$3.6M
$67K
-$34.5M
-$350M
Total: $4.34B.
Workforce, 2025-26
Personnel spending
$821M
salaries, wages and benefits (the personnel standard object)
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, 2025-26
The grants, contributions and other transfers Innovation, Science and Economic Development Canada paid, program by program: $3.59B in all, against $3.59B for the transfer payments object above (the Public Accounts publish the two tables separately).
| Contributions under the Strategic Innovation FundPayments | Contribution | $1,004,998,266 |
| Contributions under the Canada Foundation for InnovationPayments | Contribution | $567,730,524 |
| Contributions under the Universal Broadband FundPayments | Contribution | $410,744,497 |
| Contributions under the Global Innovation ClustersPayments | Contribution | $335,563,560 |
| Contributions under the Strategic Science FundPayments | Contribution | $126,681,783 |
| Contributions to Mitacs IncPayments | Contribution | $125,200,000 |
| Liabilities under the Canada Small Business Financing Act (S.C., 1998, c. 36)Payments | Contribution | $125,077,680 |
| Contributions to the Artificial Intelligence Compute Infrastructure ProgramPayments | Contribution | $115,672,008 |
| Contributions to the Upskilling for Industry InitiativePayments | Contribution | $95,343,485 |
| Contributions to the Life Sciences FundPayments | Contribution | $86,000,000 |
| Contributions to the Canadian Quantum Champions ProgramPayments | Contribution | $64,400,000 |
| Contributions to electric vehicle battery manufacturersPayments | Contribution | $56,624,902 |
| Contribution under the Digital Research Infrastructure StrategyPayments | Contribution | $50,909,274 |
| Contributions to Genome CanadaPayments | Contribution | $47,413,750 |
| Contributions under the Women Entrepreneurship StrategyPayments | Contribution | $40,196,082 |
| 51 programs | $3,585,517,606 | |
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 Economic Development
- Prairies Economic Development Canada
- National Research Council Canada
- Natural Sciences and Engineering Research Council of Canada
- Social Sciences and Humanities Research Council of Canada
- Canadian Space Agency
- Statistics Canada
- Canada Economic Development for Quebec Regions
- Atlantic Canada Opportunities Agency
- 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 2026, Volume II: Ministerial expenditures by standard object (Table 3)
- Public Accounts of Canada, Volume II: Transfer payments (multi-year open data)
- 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.
