Innovation, Science and Industry
How Innovation, Science and Industry spent its budget in fiscal year 2023-24, on a Volume II appropriations basis.
Department Spending
In FY 2023-24,
$10.01B
was spent by Innovation, Science and Industry
In FY 2023-24,
1.9%
of federal spending was by Innovation, Science and Industry
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.
ISED spent $10.01B in fiscal year (FY) 2024. This was 1.9% of the $513.9 billion in overall federal spending. The department ranked eleventh among federal departments in total spending.
While not in the top 10 departments by spend, ISED accounted for 1.9% of all federal spending in FY 2024. 10 government departments accounted for 73.2% of federal spending in FY 2024
Federal spending may shift over time due to population growth, changes in policy and programs, and emerging problems to address. Since 1995, overall federal spending has risen 74.9%, while ISED spending has increased 90.3%.
The department's spending has grown more than overall spending, which means that the department's share of the federal budget has increased. In FY 2024, ISED accounted for 1.9% of all federal spending, 0.17 percentage points higher than in 1995.
Major legislation, internal or global economic conditions, and acute events like the COVID-19 pandemic can significantly influence government spending year to year. For instance, during the pandemic, the Government of Canada's total expenses rose from $410.2 billion in 2019 to $420 billion in 2020 and further to $720.3 billion in 2021.
Similarly, ISED's expenditures have increased during this period, growing from approximately $6.5 billion in 2019 (adjusted for inflation) to $10.01B in 2024.
Federal government spending isolated to FY 2024
Federal departments often contain other entities including offices, crown corporations and agencies. In FY 2024, ISED's budget was split across the following entities:
Innovation, Science and Industry Canada (ISED) is led by the Minister of Innovation, Science and Industry, who is appointed by the Governor General on the advice of the Prime Minister and formally sworn into office at Rideau Hall. Upon appointment, the Minister takes the Oath of Office and the Oath of Allegiance, becoming a member of the King's Privy Council for Canada.
The Minister of Innovation, Science and Industry is one of the cabinet members who serve at the Prime Minister's discretion. Their tenure typically ends when they resign, are replaced, or when a new Prime Minister appoints a new cabinet. Outgoing ministers continue in their roles until their successors are sworn in.
How did Innovation, Science and Industry spend its budget in 2023-24?
Spending by entity, FY 2023-24
Department of Industry
National Research Council of Canada
Natural Sciences and Engineering Research Council
Social Sciences and Humanities Research Council
Statistics Canada
Canadian Space Agency
Canadian Tourism Commission
Standards Council of Canada
Copyright Board
$4.47B
$1.53B
$1.38B
$1.16B
$873.7M
$450.7M
$122.7M
$20.4M
$4.1M
Innovation, Science and Industry’s share of federal spending
Percentage of federal spending, 2014–2025
Line items
Complete appropriation (vote/allotment) and transfer-payment lines, in dollars. Search, sort, and download the full table.
| Vote | Description | Total available | Used ▼ | Lapsed |
|---|---|---|---|---|
| Vote 10 | Grants and contributions | $5,154,500,569 | $3,430,557,484 | $1,723,943,085 |
| Vote 5 | Grants | $1,311,295,462 | $1,309,709,501 | $1,585,961 |
| Vote 5 | Grants | $1,112,326,619 | $1,109,988,820 | $2,337,799 |
| Vote 1 | Operating expenditures | $850,624,482 | $796,914,088 | $53,710,394 |
| Vote 1 | Program expenditures | $812,824,287 | $773,744,818 | $39,079,469 |
| Vote 10 | Grants and contributions | $687,105,902 | $625,012,672 | $62,093,230 |
| Vote 1 | Operating expenditures | $603,230,987 | $594,102,955 | $9,128,032 |
| Vote 1 | Operating expenditures | $259,144,153 | $248,937,808 | $10,206,345 |
| Statutory amounts | Statutory amounts | $258,376,701 | $225,203,241 | $33,173,460 |
| Statutory amounts | Statutory amounts | $409,088,524 | $206,227,049 | $202,861,475 |
| Vote 1 | Payments to the Commission | $122,661,538 | $122,661,538 | $0 |
| Vote 5 | Capital expenditures | $283,316,560 | $114,420,694 | $168,895,866 |
| Vote 5 | Capital expenditures | $119,607,589 | $100,637,978 | $18,969,611 |
| Statutory amounts | Statutory amounts | $99,963,797 | $99,963,797 | $0 |
| Vote 10 | Grants and contributions | $72,912,538 | $72,895,684 | $16,854 |
Explore other federal departments
Innovation, Science and Industry figures are on a Volume II appropriations basis and will not match the Volume I consolidated headline totals. See the methodology for details.
