Funding Delivered under the Investing in Canada Plan
Through the Investing in Canada Plan, the Government of Canada is investing over $180 billion over 12 years in infrastructure projects across Canada. These investments are being made by 21 federal departments and agencies.
Through Budget 2016, the first phase of the Plan made $14.4 billion in new funding available for the repair and modernization of key infrastructure. This funding has gone towards vital public transit systems, clean water and wastewater systems, and social infrastructure such as affordable housing. Building on the first phase of the Plan, $81.2 billion in additional funding was made available in Budget 2017 to support five priority areas over the next decade: public transit, green, social, trade and transportation, and rural and northern communities' infrastructure and provides predictable funding and focusses on large-scale transformational projects.
In addition, over $92 billion is available through Government of Canada's existing programs - programs that pre-date the Investing in Canada plan. For example, the federal Canada Community-Building Fund supports approximately 5,000 infrastructure projects each year; the New Building Canada Fund will provide $11.8 billion in funding for new and ongoing projects; and other government departments and agencies will continue to make investments in core infrastructure across the country.
For further details on each of the funding programs, see the Implementation Progress and Funding Update tables below.
Implementation Progress and Funding Update Footnote 1 Footnote 2 Footnote 3 Footnote 4 Footnote 5 Footnote 6 Footnote 7 Footnote 8 Footnote 9
Investing in Canada Plan Investments
| Delivery Department / Agency | Program introduced | Program Name | Total program allocation | Approved program spending | Value of funding flowed | Number of projects approved | Number of projects started | Number of projects completed |
|---|---|---|---|---|---|---|---|---|
| Canada Infrastructure Bank | BUDGET 2017 | Canada Infrastructure Bank | 15000000000 | Please refer to CIB Investments table below. | ||||
| Canada Mortgage and Housing Corporation | BUDGET 2016 | Aboriginal Capacity and Skills Development | 10000000 | 10000000 | 10000277 | 464 | 464 | 464 |
| Canada Mortgage and Housing Corporation | BUDGET 2016 | Increasing Affordable Housing for Seniors | 200700000 | 200700000 | 200100000 | 1679 | 1679 | 1679 |
| Canada Mortgage and Housing Corporation | BUDGET 2016 | Investment in Affordable Housing | 504400000 | 501600000 | 501600000 | 5231 | 5231 | 5231 |
| Canada Mortgage and Housing Corporation | BUDGET 2016 | Northern Housing | 97700000 | 97700000 | 96700000 | 98 | 98 | 98 |
| Canada Mortgage and Housing Corporation | BUDGET 2016 | Renovation and Retrofit of Social Housing | 574000000 | 575762664 | 575762664 | 2577 | 2577 | 2577 |
| Canada Mortgage and Housing Corporation | BUDGET 2016 | Renovation and Retrofit on Reserve | 127700000 | 127700000 | 119961661 | 3137 | 3137 | 3137 |
| Canada Mortgage and Housing Corporation | BUDGET 2016 | Shelters for First Nations Victims of Family Violence | 10400000 | 10400000 | 10400000 | 5 | 5 | 5 |
| Canada Mortgage and Housing Corporation | BUDGET 2016 | Supporting Shelters for Victims of Family Violence | 89900000 | 89900000 | 89900000 | 3228 | 3228 | 3228 |
| Canada Mortgage and Housing Corporation | BUDGET 2017 | FPT Housing Partnership Framework | 7740000000 | 3899314830 | 3823453508 | 14252 | 7119 | N/A |
| Canada Mortgage and Housing Corporation | BUDGET 2017 | Affordable Housing Fund Footnote i | 5134000000 | 4926289393 | 3223464993 | 1299 | 1174 | 943 |
| Canada Mortgage and Housing Corporation | BUDGET 2017 | Other National Housing Strategy Initiatives- Federal Community Housing Initiative | 500000000 | 200458649 | 200458649 | 1128 | 1128 | N/A |
| Canada Mortgage and Housing Corporation | BUDGET 2017 | Other National Housing Strategy Initiatives- Federal Lands Initiative | 200000000 | 142544432 | 140766222 | 28 | 23 | 23 |
| Canada Mortgage and Housing Corporation | BUDGET 2017 | Other National Housing Strategy Initiatives- Housing Research and Innovation | 241000000 | 176265239 | 108228371 | N/A | N/A | N/A |
| Canada Mortgage and Housing Corporation | BUDGET 2017 | Other National Housing Strategy Initiatives- Human-Rights Based Approach to Housing | 39200000 | 20387028 | 3554703 | N/A | N/A | N/A |
| Canada Mortgage and Housing Corporation | BUDGET 2017 | Other National Housing Strategy Initiatives- Other | 42000000 | 42000000 | 42000000 | N/A | N/A | N/A |
| Canada Mortgage and Housing Corporation | BUDGET 2017 | Other National Housing Strategy Initiatives- Technical Resource Centre | 74200000 | 55405446 | 55405446 | N/A | N/A | N/A |
| Canada Mortgage and Housing Corporation | EXISTING FUNDING | Existing Housing Programs | 17262000000 | 14875483075 | 14182608660 | – | – | – |
| Canadian Heritage | BUDGET 2016, BUDGET 2017, and EXISTING FUNDING | Canada Cultural Spaces Fund Footnote ii | 828200000 | 717716310 | 934408518 | 1871 | 1870 | 1785 |
| Canadian Heritage | BUDGET 2017 | Community Educational Infrastructure | 80000000 | 66436399 | 42273625 | 40 | 32 | 23 |
| Crown-Indigenous Relations and Northern Affairs | BUDGET 2016 and BUDGET 2017 | Inuit Housing Footnote iii | 480000000 | 480000000 | 400000000 | 635 | 635 | 635 |
| Crown-Indigenous Relations and Northern Affairs | BUDGET 2017 | Climate Change Preparedness in the North Program - Implementation of Adaptation Actions in the North Footnote iv | 55899998 | 85964383 | 79104007 | 397 | 397 | 265 |
| Crown-Indigenous Relations and Northern Affairs | BUDGET 2017 | First Nation Adapt Program - Flood Plain Mapping Footnote v | 26990000 | 42509277 | 43075305 | 171 | 171 | 171 |
| Crown-Indigenous Relations and Northern Affairs | BUDGET 2017 | Indigenous Community-Based Climate Monitoring Program | 72679998 | 58924890 | 47392985 | 246 | 246 | 160 |
| Crown-Indigenous Relations and Northern Affairs | BUDGET 2017 | Métis Heritage Centre Footnote vi | 3400000 | 3400000 | 3400000 | 1 | 1 | 1 |
| Crown-Indigenous Relations and Northern Affairs | BUDGET 2017 | Métis Nation Housing Footnote vii | 200000000 | 140000000 | 140000000 | 5 | 5 | |
| Crown-Indigenous Relations and Northern Affairs | BUDGET 2017 | Self-Governing/ Modern Treaty GroupsFootnote viii | 25500000 | 25500000 | 19875567 | 25 | 25 | 25 |
| Crown-Indigenous Relations and Northern Affairs | BUDGET 2017 | Yukon University Footnote ix | 26000000 | 26000000 | 10749204 | 1 | 1 | |
| Employment and Social Development Canada | BUDGET 2016 | First Nations and Inuit Child Care Intiative | 62800000 | 60429697 | 60429697 | 549 | 549 | 549 |
| Employment and Social Development Canada | BUDGET 2016 and BUDGET 2017 | Early Learning and Child Care Footnote x | 5695000000 | 3758162546 | 3703616458 | 55 | 55 | 42 |
| Employment and Social Development Canada | BUDGET 2016 and BUDGET 2017 | Enabling Accessibility Fund Footnote xi | 81000000 | 72454484 | 72284908 | 2282 | 2282 | 2174 |
| Employment and Social Development Canada | BUDGET 2017 | Women in Construction Fund | 10000000 | 7660241 | 7091467 | 4 | 4 | 4 |
| Employment and Social Development Canada | BUDGET 2017 and EXISTING FUNDING | Indigenous Early Learning and Childcare Footnote xii | 3317004487 | 1988993475 | 1900219659 | N/A | N/A | N/A |
| Environment and Climate Change Canada | BUDGET 2017 | Canadian Centre for Climate Services Footnote xiii | 100571420 | 100571420 | 69884155 | N/A | N/A | N/A |
| Health Canada | BUDGET 2017 | Home Care Infrastructure Footnote xiv | 1000000000 | 1000000000 | 1000000000 | N/A | N/A | N/A |
| Housing, Infrastructure and Communities Canada | BUDGET 2016 | Clean Water and Wastewater Fund Footnote xv | 1848000000 | 1795892249 | 1781753529 | 2342 | 2342 | 2300 |
| Housing, Infrastructure and Communities Canada | BUDGET 2016 | Codes, Guides and Specifications for Climate-Resilient Public Infrastructure Footnote xvi | 42500000 | 42500000 | 42500000 | 1 | 1 | 1 |
| Housing, Infrastructure and Communities Canada | BUDGET 2016 | Municipalities for Climate Innovation Program | 75000000 | 75000000 | 73971710 | 321 | 321 | 321 |
| Housing, Infrastructure and Communities Canada | BUDGET 2016 | Public Transit Infrastructure Fund Footnote xvii | 3074000000 | 2930856046 | 2901425269 | 1143 | 1143 | 1138 |
| Housing, Infrastructure and Communities Canada | BUDGET 2016 and BUDGET 2017 | Municipal Asset Management Program Footnote xviii | 110000000 | 110000000 | 83191416 | 1689 | 1689 | 1660 |
| Housing, Infrastructure and Communities Canada | BUDGET 2016, BUDGET 2017, and EXISTING FUNDING | Homelessness Partnering Strategy Footnote xix | 522770000 | 522426917 | 522426917 | 262 | 262 | 262 |
| Housing, Infrastructure and Communities Canada | BUDGET 2016, BUDGET 2017, and EXISTING FUNDING | New Building Canada Fund Footnote xx | 13015439700 | 12137092273 | 8730546815 | 896 | 887 | 760 |
| Housing, Infrastructure and Communities Canada | BUDGET 2017 | Disaster Mitigation and Adaptation Fund | 2000000000 | 1937608138 | 802892745 | 69 | 64 | 7 |
| Housing, Infrastructure and Communities Canada | BUDGET 2017 | Investing in Canada Infrastructure Program Footnote xxi | 32138251020 | 31616708269 | 8191908025 | 6129 | 5828 | 3848 |
| Housing, Infrastructure and Communities Canada | BUDGET 2017 | Reaching Home - Canada's Homelessness Strategy Footnote xxii | 2068920752 | 1780085617 | 1224107121 | 498 | 498 | 498 |
| Housing, Infrastructure and Communities Canada | BUDGET 2017 | Research and Knowledge Initiative Footnote xxiii | 10000000 | 9503415 | 9359252 | 14 | 14 | 14 |
| Housing, Infrastructure and Communities Canada | BUDGET 2017 | Smart Cities Challenge Footnote xxiv | 114330000 | 96100000 | 91850000 | 25 | 25 | 21 |
| Housing, Infrastructure and Communities Canada | BUDGET 2017 | Toronto Waterfront Revitalization Initiative Footnote xxv | 384166667 | 384166667 | 361116027 | 1 | 1 | |
| Housing, Infrastructure and Communities Canada | EXISTING FUNDING | Border Infrastructure Fund Footnote xxvi | 20000000 | 16818040 | 3818040 | |||
| Housing, Infrastructure and Communities Canada | EXISTING FUNDING | Building Canada Fund Footnote xxvii | 2335000000 | 2299327388 | 2002031560 | 28 | 28 | 21 |
| Housing, Infrastructure and Communities Canada | EXISTING FUNDING | Canada Community-Building Fund (*project count is an estimate) Footnote xxviii | 27830000000 | 17830155357 | 17830155357 | 39900 | 39900 | 25192 |
| Housing, Infrastructure and Communities Canada | EXISTING FUNDING | Canada Strategic Infrastructure Fund Footnote xxix | 167000000 | 177587303 | 170637303 | |||
| Housing, Infrastructure and Communities Canada | EXISTING FUNDING | Green Infrastructure Fund Footnote xxx | 400769092 | 325618709 | 292200467 | 2 | 2 | 1 |
| Housing, Infrastructure and Communities Canada | EXISTING FUNDING | GST Rebate for MunicipalitiesFootnote xxxi | 13514000000 | 9730000000 | 9730000000 | N/A | N/A | N/A |
| Housing, Infrastructure and Communities Canada | EXISTING FUNDING | Inuvik to Tuktoyaktuk Highway Program Footnote xxxii | 69000000 | 69350000 | 69350000 | |||
| Housing, Infrastructure and Communities Canada | EXISTING FUNDING | P3 Canada Fund | 1213000000 | 1210558000 | 1174398404 | 25 | 25 | 25 |
| Housing, Infrastructure and Communities Canada | EXISTING FUNDING | Provincial-Territorial Infrastructure Base Funding Program | 110000000 | 110000000 | 109242959 | N/A | N/A | N/A |
| Indigenous Services Canada | BUDGET 2016 | Aboriginal Head Start on Reserve Footnote xxxiii | 51200000 | 45538780 | 45538780 | 160 | 160 | 160 |
| Indigenous Services Canada | BUDGET 2016 and BUDGET 2017 | Health Facilities Footnote xxxiv | 716400000 | 527155084 | 527155084 | 66 | 66 | 54 |
| Indigenous Services Canada | BUDGET 2016 and BUDGET 2017 | On-Reserve Housing Footnote xxxv | 1016600000 | 1016600000 | 981020554 | 13021 | 13021 | 10897 |
| Indigenous Services Canada | BUDGET 2016 and BUDGET 2017 | Other Community Infrastructure Footnote xxxvi | 1560437961 | 1560437961 | 866643278 | 976 | 976 | 447 |
| Indigenous Services Canada | BUDGET 2016 and BUDGET 2017 | Solid Waste Management Footnote xxxvii | 1021766514 | 709100000 | 709100000 | 1336 | 1336 | 1024 |
| Indigenous Services Canada | BUDGET 2016 and BUDGET 2017 | Water and Wastewater Footnote xxxviii | 1882063104 | 1882063104 | 1804946895 | 696 | 696 | 513 |
| Indigenous Services Canada | BUDGET 2017 | Capital Facilities and Maintenance Program (Asset Management) Footnote xxxix | 24320460 | 24320460 | 21652907 | 219 | 219 | 116 |
| Indigenous Services Canada | BUDGET 2017 | Engagement and Proof-of-conceptFootnote xl | 53750295 | 53750295 | 39421397 | 28 | 28 | 6 |
| Indigenous Services Canada | BUDGET 2017 | Indigenous Homes Innovation Initiative Footnote xli | 40000000 | 40000000 | 38825701 | 26 | 26 | 19 |
| Indigenous Services Canada | BUDGET 2017 | Northern Grid Footnote xlii | 760000000 | 760000000 | 760000000 | 1 | 1 | 1 |
| Indigenous Services Canada | BUDGET 2017 | Operation Return HomeFootnote xliii | 8500000 | 8500000 | 8500000 | 94 | 94 | 94 |
| Indigenous Services Canada | EXISTING FUNDING | On-Reserve Health InfrastructureFootnote xliv | 654000000 | 83506800 | 83506800 | |||
| Indigenous Services Canada | EXISTING FUNDING | Social Community Infrastructure / First Nation Infrastructure FundFootnote xlv | 6558000000 | 6558000000 | 4152619500 | N/A | N/A | N/A |
| Indigenous Services Canada | EXISTING FUNDING | Support for Education Facilities | 2984000000 | 2984000000 | 1578493565 | N/A | N/A | N/A |
| Indigenous Services Canada | EXISTING FUNDING | Support for On-Reserve Housing | 1940000000 | 1940000000 | 1489551303 | N/A | N/A | N/A |
| Indigenous Services Canada | EXISTING FUNDING | Water and Wastewater Infrastructure | 2430000000 | 2430000000 | 2492096930 | N/A | N/A | N/A |
| Innovation, Science, and Economic Development Canada | BUDGET 2016 | Connect to Innovate | 500000000 | 500000000 | 500000000 | 186 | 186 | 186 |
| Innovation, Science, and Economic Development Canada | BUDGET 2016 | Post-Secondary Institutions Strategic Investment Fund | 2000000000 | 1966932744 | 1962015802 | 297 | 297 | 297 |
| Innovation, Science, and Economic Development Canada | BUDGET 2017 | Innovation Superclusters Initiative Footnote xlvi | 150000000 | |||||
| N/A | BUDGET 2017 | Less funds in the fiscal framework, reallocations and other revenuesFootnote xlvii | -6888361478 | N/A | N/A | N/A | N/A | N/A |
| Natural Resources Canada | BUDGET 2016 | Green Municipal Fund Footnote xlviii | 125000000 | 125000000 | 125000000 | N/A | N/A | N/A |
| Natural Resources Canada | BUDGET 2016 | Regional Electricity Cooperation and Strategic Infrastructure Initiative | 2500000 | 940000 | 915808 | 2 | 2 | 2 |
| Natural Resources Canada | BUDGET 2016 and BUDGET 2017 | Electric Vehicle and Alternative Fuel Infrastructure Footnote xlix | 182500000 | 180896461 | 170673955 | 175 | 175 | 172 |
| Natural Resources Canada | BUDGET 2017 | Building Regional Adaptation Capacity and Expertise and National-Scale Knowledge Synthesis and Dissemination | 18000000 | 14451455 | 14434390 | 37 | 37 | 37 |
| Natural Resources Canada | BUDGET 2017 | Clean Energy for Rural and Remote Communities | 217800000 | 212196602 | 200197847 | 136 | 136 | 88 |
| Natural Resources Canada | BUDGET 2017 | Emerging Renewable Power Program | 200000000 | 164390531 | 141975540 | 14 | 14 | 11 |
| Natural Resources Canada | BUDGET 2017 | Energy Efficient Buildings | 181821510 | 148912520 | 128647821 | 128 | 128 | 87 |
| Natural Resources Canada | BUDGET 2017 | Home Energy Retrofits Footnote l | 950000000 | 950000000 | 950000000 | N/A | N/A | N/A |
| Natural Resources Canada | BUDGET 2017 | Smart Grid | 100000000 | 94646722 | 93049473 | 29 | 29 | 28 |
| Natural Resources Canada | BUDGET 2017 | Zero Emission Vehicle Infrastructure Program Footnote li | 130000000 | |||||
| Parks Canada Agency | BUDGET 2016 | National Cost-Sharing Program for Heritage Places Footnote lii | 19806350 | 18514383 | 18514383 | 132 | 132 | 132 |
| Public Health Agency of Canada | BUDGET 2016 | Aboriginal Head Start in Urban and Northern Communities | 15400000 | 15383804 | 15193804 | 80 | 80 | 80 |
| Public Safety Canada | BUDGET 2017 | Funding for First Nations and Inuit Policing Facilities Footnote liii | 100000000 | 100000000 | 95308583 | 67 | 66 | 57 |
| Regional Development Agencies | BUDGET 2016 and EXISTING FUNDING | Canada 150 Community Infrastructure Program Footnote liv | 297000000 | 292078197 | 290857994 | 2877 | 2836 | 2836 |
| Regional Development Agencies | BUDGET 2017 | Canada Coal Transition Initiative-Infrastructure Fund Footnote lv | 150000000 | 141332381 | 125640099 | 78 | 78 | 52 |
| Transport Canada | BUDGET 2017 | Climate Risk Assessments Footnote lvi | 16000000 | |||||
| Transport Canada | BUDGET 2017 | Connecting Communities by Rail and Water | 1924000000 | 1415414094 | 1415414094 | 64 | 64 | 64 |
| Transport Canada | BUDGET 2017 | Heavy-Duty Vehicle and Off-Road Regulations Footnote lvii | 16000000 | N/A | N/A | N/A | N/A | N/A |
| Transport Canada | BUDGET 2017 | Modernizing Transportation | 77000000 | 39855161 | 32519672 | 15 | 15 | 15 |
| Transport Canada | BUDGET 2017 | National Trade Corridors Fund Footnote lviii | 2400000000 | 2298671802 | 1179004233 | 105 | 101 | 44 |
| Transport Canada | BUDGET 2017 | Oceans Protection Plan Footnote lix | 1734313787 | 1734313787 | 1431920342 | 50 | 50 | 50 |
| Transport Canada | BUDGET 2017 | Trade and Transportation Information System | 50000000 | 50000000 | 46556668 | 1 | 1 | |
| Transport Canada | EXISTING FUNDING | Asia-Pacific Gateway and Corridor Initiative | 51000000 | 51008693 | 49901893 | 22 | 22 | 22 |
| Transport Canada | EXISTING FUNDING | Gateways and Border Crossings Fund | 290000000 | 260812752 | 236942287 | 17 | 16 | 16 |
| Page Total: Total: |
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Canada Investment Bank Investments
| Delivery Department / Agency | Total Appropriation | Total Investments | Financing Flowed | Number of Projects, Financial Close | Number of Projects Under Construction | Number of Projects Completed | Maximum Fiscal Expense Under the IICP | Cumulative Fiscal (Expense) / Surplus |
|---|---|---|---|---|---|---|---|---|
| Canada Infrastructure BankFootnote lx | $35,000,000,000Footnote lxi | $16,822,306,029Footnote lxii | $5,659,150,694Footnote lxiii | 102 | 71 | 7 | $15,000,000,000 | ($258,903,000)Footnote lxiv |
Footnote
- Footnote 1
-
Data in this table represents the most up-to-date information available at the time of publication. Housing, Infrastructure and Communities Canada continues to work with all departments to collect data on all new Investing in Canada Plan programs. As more data becomes available, the table will be updated.
- Footnote 2
-
The ‘number of projects’ fields include traditional “bricks and mortar” type projects, services, housing units, lot servicing, capacity development, asset management, innovation projects, number of First Nations who benefitted from the investment, and educational and information training sessions.
- Footnote 3
-
The number of projects started is an estimate based on the information received in the project proposals received from proponents.
- Footnote 4
-
Not all programs work on a reimbursement basis. These figures also include funds that are directly transferred to other orders of government and organizations. For example, provinces, territories, the Federation of Canadian Municipalities, the National Research Council etc.
- Footnote 5
-
The Lake Manitoba/Lake St. Martin Outlet Channels ($247,500,000) project funding has been moved from Budget 2016 to Budget 2017 as it is now being funded under the Disaster Mitigation and Adaptation Fund.
- Footnote 6
-
Departments or agencies may report on their programs using a different basis than is used in the above reporting table. Program reporting is established at the time of program design and may not align with the presentation of combined, pan-government results. For more detailed information on individual projects or programs, contact the responsible department or agency.
- Footnote 7
-
In some cases programs have multiple sources of funds, including funding outside the IICP. In these cases, it is not always possible to disaggregate program data by funding source. This may result in over-reporting compared to IICP-only allocations.
- Footnote 8
-
The Reserved Green Funding was $2,000,000,000 in funding under the IICP reserved in Budget 2017 and dispersed in Budget 2019 by the Department of Finance for green infrastructure investments.
- Footnote 9
-
Supporting Indigenous Communities was $4,000,000,000 in funding under the IICP reserved in Budget 2017 and subsequently dispersed for infrastructure investments to support Indigenous communities. This allocation was formerly called Improving Indigenous Communities.
- Footnote i
-
On November 21, 2023, the 2023 Fall Economic Statement announced the renaming of the National Housing Co-Investment Fund (NHCF). The program is now known as the Affordable Housing Fund (AHF). This includes only the non-lending portion of National Housing Co-Investment Fund spending. This does not include top-ups to the AHF through Fall Economic Statement 2023 and Budget 2024.
- Footnote ii
-
The Canada Cultural Spaces Fund received funding under the IICP from Budget 2016 ($168,200,000), Budget 2017 ($300,000,000), and Existing/Legacy funding ($360,000,000). The figures presented for this program represent totals across all IICP funding sources. The total value of funding flowed reported is greater than the approved program spending because the total includes payments for projects approved using the program’s existing funding prior to the beginning of the Investing in Canada Plan.
- Footnote iii
-
The Inuit Housing program received funding under the IICP from Budget 2016 ($80,000,000) and Budget 2017 ($400,000,000) via Supporting Indigenous Communities (see footnote 9). The figures presented for this program represent totals across all IICP funding sources.
- Footnote iv
-
The figures presented for the Climate Change Preparedness in the North program represent this program’s $77,300,000 in total funding, of which $56,000,000 is under the IICP, as this program’s data cannot be disaggregated.
- Footnote v
-
The figures presented for the First Nation Adapt Program – Flood Plain Mapping program represent this program’s $51,700,000 in total funding, of which $27,000,000 is under the IICP, as this program’s data cannot be disaggregated. This envelope is managed as a whole, and individual projects are not assigned to a particular source of funds.
- Footnote vi
-
The Métis Heritage Centre received $3,400,000 in funding under the IICP via Supporting Indigenous Communities (see footnote 9).
- Footnote vii
-
The Métis Nation Housing program received $500,000,000 in total allocation over 10 years through Budget 2018. $200,000,000 of this total allocation was funded under the IICP with Supporting Indigenous Communities funding (see footnote 9). The total approved program spending and value of funding flowed figures in this table only represent IICP funding for this program, while figures for projects approved and projects started represent the total funding ($500,000,000, IICP and non-IICP) for this program as they cannot be disaggregated.
- Footnote viii
-
The Self-Governing/Modern Treaty Groups program received $8,000,000 of which $7,375,566.74 was expended in funding under the IICP via Supporting Indigenous Communities (see footnote 9). The number of projects approved and the number of projects started presented for this program represents the number of Self-Governing/ Modern Treaty Groups that received funding from this program. In 2021-22, $2.5M was received and in 2022-23 another $2.5M was received. The remaining five years of funding is from 2023-24 to 2027-28 for $2.5M per year.
- Footnote ix
-
The Yukon University program received funding ($26,000,000 in total allocation) under the IICP from Reserved Green Funding (see footnote 8). While the IICP was announced in B2017, the funding allocated to Yukon U from it (through CIRNAC) was announced in B2019. The funding for Yukon University is intended to support the construction of a new science building. Planning is currently underway to launch the project.
- Footnote x
-
The Early Learning and Child Care program received funding under the IICP from Budget 2016 ($400,000,000) and Budget 2017 ($5,295,000,000). The figures presented for this program represent totals across all IICP funding sources. This program is delivered through transfers to provinces and territories.
- Footnote xi
-
The Enabling Accessibility Fund received funding under the IICP from Budget 2016 ($4,000,000) and Budget 2017 ($77,000,000). The figures presented for this program represent totals across all IICP funding sources.
ESDC includes IICP funding as part of its total allocation for the Enabling Accessibility Fund. Project information is not tracked separately as of 2021-2022. From 2021-2022 onwards only the value of projects approved and value of funding flowed columns will be updated to represent the total value of EAF’s IICP contributions which is roughly 9% of EAF’s total annual budget.
- Footnote xii
-
"Total Program Allocation Under the IICP"
This represents the total Indigenous Early Learning and Childcare (IELCC) funding from Budget 2017 of $1.705 billion over 10 fiscal years (2018-2019 to 2027-2028) comprised of Grants and Contributions, Operations and Maintenance, and Shared Services Canada/Public Services and Procurement Canada costs, as well as legacy funding of $1,612,004,487 comprised of Grants and Contributions. The Indigenous Early Learning and Childcare program comprises initiatives led by Employment and Social Development Canada ($659,976,000 legacy funding), Indigenous Services Canada ($557,972,376 legacy funding), and the Public Health Agency of Canada ($394,056,111 legacy funding) to support IELCC. IELCC funding is advanced by four departments on an annual basis (Crown-Indigenous Relations and Northern Affairs Canada, Employment and Social Development Canada, Indigenous Services Canada, and the Public Health Agency of Canada).
"Approved Program Spending"
This represents the approved program spending funding for Indigenous Early Learning and Childcare (IELCC) from Budget 2017 and legacy funding through the end of fiscal year 2024-25; comprised of Grants and Contributions, Operations and Maintenance, and Shared Services Canada/Public Services and Procurement Canada costs. This total excludes impact of reprofiles. IELCC spending is advanced by four departments on an annual basis (Crown-Indigenous Relations and Northern Affairs Canada, Employment and Social Development Canada, Indigenous Services Canada, and the Public Health Agency of Canada). Under IELCC, a total amount of $1,076,596,581 in Budget 2017 funding was approved to date and was allocated as follows: Employment and Social Development Canada ($1,041,033,247), Indigenous Services Canada ($6,783,334), and the Public Health Agency of Canada ($28,780,000). A further $328,676,844 in FNICCI legacy funding has been approved to date and was allocated in its entirety to ESDC. Additionally, $256,127,651 and $271,283,243 in legacy funding has been approved to date by Indigenous Services Canada and Public Health Agency of Canada, respectively.
"Value of Funding Flowed"
This represents the total IELCC spending of Budget 2017 and legacy funding through the end of fiscal year 2024-25; comprised of Grants and Contributions, Operations and Maintenance, and Shared Services Canada/Public Services and Procurement Canada costs. IELCC spending is advanced by four departments on an annual basis (Crown-Indigenous Relations and Northern Affairs Canada, Employment and Social Development Canada, Indigenous Services Canada, and the Public Health Agency of Canada). Under IELCC, a total amount of $1,044,131,921 in Budget 2017 funding was advanced to date by Crown-Indigenous Relations and Northern Affairs Canada ($162,368,039), Employment and Social Development Canada ($407,170,199), Indigenous Services Canada ($445,321,808), and the Public Health Agency of Canada ($29,271,875). A further $328,676,844 in FNICCI legacy funding has been advanced to date by Crown-Indigenous Relations and Northern Affairs Canada ($12,608,358) and Employment and Social Development Canada ($316,068,486). Additionally, $256,127,651 and $271,283,243 in legacy funding has been advanced to date by Indigenous Services Canada and Public Health Agency of Canada, respectively.
- Footnote xiii
-
The Canadian Centre for Climate Services program does not fund projects, it provides services directly to Canadians. Figures represent the total program spending. The total allocation was adjusted from $107,609,998 to $100,571,420 as $7,038,578 was returned to the fiscal framework as a result of a Budget 2023 decision.
- Footnote xiv
-
As part of the federal $11B, 10-year commitment to invest in better home and community care and mental health and addiction initiatives, the $1B Home Care Infrastructure investment was delivered to provinces and territories through bilateral health agreements for home and community care and mental health and addictions. The federal government signed bilateral agreements with all provinces and territories, they are posted here: https://www.canada.ca/en/health-canada/corporate/transparency/health-agreements/shared-health-priorities.html. Jurisdictions report on the results of the investment through the Canadian Institute on Health Information (CIHI) based on a focused set of twelve common indicators agreed to by FPT Health Ministers in June 2018. Results of these indicators are made public by CIHI on their webpage for Shared Health Priorities https://www.cihi.ca/en/shared-health-priorities. All the bilateral agreements with Home Care Infrastructure funding expired by March 31, 2023.
- Footnote xv
-
The Clean Water and Wastewater Fund’s total allocation was adjusted from $2,000,000,000 to $1,848,000,000 as $152,000,000 in funding was returned to the fiscal framework as a result of a Budget 2022 decision.
- Footnote xvi
-
The Codes, Guides and Specifications for Climate-Resilient Public Infrastructure program received $40,000,000 in funding under the IICP from Budget 2016. An additional $2,500,000 in funding was subsequently transferred to this program under the IICP. The figures presented for this program represent totals across all IICP funding sources.
- Footnote xvii
-
The Public Transit Infrastructure Fund’s total allocation was adjusted from $3,400,000,000 to $3,074,000,000 as $326,000,000 in funding was returned to the fiscal framework as a result of a Budget 2022 decision.
- Footnote xviii
-
The Municipal Asset Management Program received funding under the IICP from Budget 2016 ($50,000,000) and Budget 2017 ($60,000,000) via Reserved Green Funding (see footnote 8). The figures presented for this program represent totals across all IICP funding sources.
- Footnote xix
-
The Homelessness Partnering Strategy ended and was replaced by Reaching Home on April 1, 2019. This program was transferred from ESDC to HICC at the end of the third quarter of the 2021-22 fiscal year to align with revised ministerial mandates.
- Footnote xx
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The New Building Canada Fund received funding under the IICP from Budget 2016 ($212,300,000 for the North Shore Wastewater Project), Budget 2017 via transfer from the Investing in Canada Infrastructure Program ($1,091,150,000 for the Ottawa Light Rail Transit project), and Existing/Legacy Funding ($11,827,000,000). In 2023, total federal funding allocated was adjusted by $100.5M to transfer funding to Reaching Home for winter encampments. The amount was further updated to remove $14.4M as per recent reprofile decision from Department of Finance. The figures presented for this program represent totals across all IICP funding sources.
346 projects under the New Building Canada Fund were approved prior to the introduction of the Investing in Canada Plan, with outstanding payments funded from Plan allocations. These previously-approved projects are not accounted for in this program’s total projects approved and projects started figures in this table, though these projects are accounted for in the total approved program spending and value of funding flowed figures.
- Footnote xxi
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The Investing in Canada Infrastructure Program initially received $33,555,000,000 in funding under the IICP from Budget 2017. Funding has subsequently been transferred into and out of this program, including funding transferred to HICC’s New Building Canada Fund ($1,091,150,000 for the Ottawa Light Rail Transit project) and HICC’s Toronto Waterfront Revitalization Initiative ($384,166,667 for the Port Lands Flood Protection and Enabling Infrastructure Project). As a result, the ICIP now has $32,138,251,020 in funding under the IICP, including operating costs. Funding transferred out of ICIP remains under the IICP and is reported by recipient programs in this table.
- Footnote xxii
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The Homelessness Partnering Strategy ended and was replaced by Reaching Home on April 1, 2019. This program was transferred from ESDC to HICC at the end the third quarter of the 2021-22 fiscal year to align with revised ministerial mandates. Beginning in Spring 2022, Reaching Home project information reflects a change in methodology to attribute 100% of the program’s base funding, beginning in fiscal year 2019-20, to the Investing in Canada Plan. The program’s incremental funding is not attributed to the Investing in Canada Plan, including the $100 million in 2023-24 unsheltered homelessness response funding that was transferred from the New Building Canada Fund. Total allocation was adjusted following a decision by the Government to return 2023-24 lapsed funding to the fiscal framework.
- Footnote xxiii
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$25 million in funding was allocated from Budget 2017 for research and data programming, with $10 million of this allocation authorized for the Research and Knowledge Initiative specifically.
- Footnote xxiv
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The Smart Cities Challenge initially received $300,000,000 in funding under the IICP from Budget 2017. Funding has subsequently been transferred out of this program to the Canada Healthy Communities Initiative ($31,284,000) to support communities in dealing with the immediate and ongoing challenges posed by COVID-19, to ISC’s Indigenous Homes Innovation Challenge ($15,000,000), and to HICC’s Green and Inclusive Community Buildings program ($64,000,000) in 2022-23 to support Lytton, British Columbia rebuild. A further $51.2 million was returned to the fiscal framework as a result of a Budget 2023 decision. Funding transferred to the IHIC remains under the IICP and is reported by ISC in this table, while funding transferred to the CHCI and GICB are no longer under the IICP and will be tracked and reported separately. Budget 2023 announced a plan to refocus government spending and following a strategic expenditure review and cost savings analysis, the federal government has cancelled round two of the Smart Cities Challenge.
- Footnote xxv
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The Toronto Waterfront Revitalization Initiative program represents the Port Lands Flood Protection and Enabling Infrastructure Project under the IICP. $384,166,667 in funding was transferred to this program from HICC’s Investing in Canada Infrastructure Program in 2018.
- Footnote xxvi
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3 projects under the Border Infrastructure Fund were approved prior to the introduction of the Investing in Canada Plan, with outstanding payments funded from Plan allocations. These previously-approved projects are not accounted for in this program’s total projects approved and projects started figures in this table, though these projects are accounted for in the total approved program spending and value of funding flowed figures.
- Footnote xxvii
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106 projects under the Building Canada Fund were approved prior to the introduction of the Investing in Canada Plan, with outstanding payments funded from Plan allocations. These previously-approved projects are not accounted for in this program’s total projects approved and projects started figures in this table, though these projects are accounted for in total approved program spending and value of funding flowed figures.
- Footnote xxviii
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The Canada Community-Building Fund, formerly called Gas Tax Fund, is an ongoing and flexible source of funding for municipalities. While other Infrastructure programs are application-based programs, the Canada Community-Building Fund ensures that all municipalities have access to a stable and predictable source of funds for their infrastructure needs. It can be used immediately for priority projects, banked for later use, or pooled with other communities for shared infrastructure projects. The Government of Canada does not approve individual projects funded by the Canada Community-Building Fund. Through the Canada Community-Building Fund agreements with provinces and territories funding is provided to recipients and ultimate recipients who select projects, and who in turn inform Housing, Infrastructure and Communities Canada through annual reports.
- Footnote xxix
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21 projects under the Canada Strategic Infrastructure Fund were approved prior to the introduction of the Investing in Canada Plan, with outstanding payments funded from Plan allocations. These previously-approved projects are not accounted for in this program’s total projects approved and projects started figures in this table, though these projects are accounted for in total approved program spending and value of funding flowed figures.
- Footnote xxx
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14 projects under the Green Infrastructure Fund (GIF) were approved prior to the introduction of the Investing in Canada Plan, with outstanding payments funded from Plan allocations. These previously-approved projects are not accounted for in this program’s total projects approved and projects started figures in this table, though these projects are accounted for in the total approved program spending and value of funding flowed figures.
Allocation for GIF has changed to account for transfers to other HICC programs.
- Footnote xxxi
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The GST Rebate program is a 100 percent rebate of the GST paid by municipalities. The GST Rebate is authorized under Part IX of the Excise Tax Act, administered by the Canada Revenue Agency and reported under the IICP by Finance Canada. The program is expected to provide communities with additional flexible funding to address their highest priorities, from new infrastructure assets to the maintenance and operation of existing public infrastructure and facilities. Municipalities are accountable directly to their municipal taxpayers in respect of this funding and separate reporting is not required by the Government of Canada.
- Footnote xxxii
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1 project under the Inuvik to Tuktoyaktuk Highway Program was approved prior to the introduction of the Investing in Canada Plan, with outstanding payments funded from Plan allocations. This previously-approved project is not accounted for in this program’s total projects approved and projects started figures in this table, though this project is accounted for in the total approved program spending and value of funding flowed figures.
- Footnote xxxiii
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The Aboriginal Head Start on Reserve program is complete. The total approved program spending and value of funding flowed figures presented for this program represents Vote 10 (Grants and Contributions) expenditure amounts only, while the total allocation figure presented for this program includes all program funding.
Targeted funding made available through Budget 2016 for Aboriginal Head Start On Reserve Capital included $1.267M in Vote 10 funding for training for community-based AHSOR staff in 2017-18. These training funds were not directed to support capital projects and are therefore not included in the reporting totals.
- Footnote xxxiv
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The Health Facilities Program received funding under the IICP from Budget 2016 ($270,000,000) and Budget 2017 ($446,400,000) via Supporting Indigenous Communities (see footnote 9), including funding for the Norway House Health Facility and WAHA Health Care Infrastructure. The figures presented for this program represent totals across all IICP funding sources.
- Footnote xxxv
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The On-Reserve Housing program received funding under the IICP from Budget 2016 ($416,600,000) and Budget 2017 ($600,000,000) via Supporting Indigenous Communities (see footnote 9). The financial figures presented for this program represent a combined total of these IICP funding sources. Project data includes 10,629 housing units being built or renovated, 1,351 lots being serviced or acquired, as well as 1,040 other housing projects, and 1 other community infrastructure project.
- Footnote xxxvi
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The Other Community Infrastructure program received funding under the IICP from Budget 2016 ($76,798,877) via the First Nations Infrastructure Fund - Culture and Recreational Centers and from Budget 2017 ($1,483,639,084) via Supporting Indigenous Communities (see footnote 9), including funding for the Lubicon Lake Band Community Infrastructure Project. The financial figures presented for this program represent a combined total of these IICP funding sources. Project data includes 61 housing units being built or renovated, as well as 915 other community infrastructure projects.
- Footnote xxxvii
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The Solid Waste Management program received funding under the IICP from Budget 2016 ($408,900,000) and Budget 2017 ($612,900,000) via Supporting Indigenous Communities (see footnote 9). The figures presented for this program represent totals across all IICP funding sources. The Solid Waste Management program was previously named the First Nations Waste Management Initiative.
"Total Approved Program Spending" and "Total Value of Funding Flowed" amounts include $15.4 million which has been invested for Land Use Planning starting in 2023–24 (of the $47 million committed over five years).
- Footnote xxxviii
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The Water and Wastewater program received funding under the IICP from Budget 2016 ($1,832,986,104) and Budget 2017 ($49,077,000) via Supporting Indigenous Communities (see footnote 9). The financial figures presented for this program represent a combined total of these IICP funding sources.
- Footnote xxxix
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The Capital Facilities and Maintenance Program (Asset Management) received funding under the IICP from Budget 2017 ($24,320,460), including $9,320,460 via Supporting Indigenous Communities (see footnote 9). The financial figures presented for this program represent a combined total of these IICP funding sources.
- Footnote xl
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The Engagement and Proof-of-concept program received funding under the IICP from Budget 2017 ($53,750,295), including $37,750,295 via Supporting Indigenous Communities (see footnote 9). The financial figures presented for this program represent a combined total of these IICP funding sources.
- Footnote xli
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The Indigenous Homes Innovation Initiative received $40,000,000 in funding under the IICP, including $25,000,000 via Supporting Indigenous Communities (see footnote 9) and $15,000,000 transferred from Housing, Infrastructure and Communities Canada’s Smart Cities Challenge. The financial figures presented for this program represent a combined total of these IICP funding sources.
- Footnote xlii
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The Northern Grid program received $760,000,000 in funding for 2024-2025 under the IICP via Reserved Green Funding (see footnote 8).
- Footnote xliii
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The Operation Return Home program received $8,500,000 in funding under the IICP via Supporting Indigenous Communities (see footnote 9). Project data includes 93 housing units being built or renovated, and 1 Water and Wastewater project.
- Footnote xliv
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Reporting totals reflect the share of reference level funding confirmed to have been allocated through the program in fiscal years 2021-2022, 2022-23, and 2023-24.
- Footnote xlv
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The Social Community Infrastructure / First Nation Infrastructure Fund program represents existing/legacy funding under the IICP for the Social Community Infrastructure program ($6,430,000,000) and the First Nation Infrastructure Fund ($128,000,000). The financial figures presented for this program represent a combined total of these IICP funding sources.
- Footnote xlvi
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The $150M dedicated to the Superclusters initiative under the IICP is part of a $950M envelope and will be reported separately. To get more information on this, please see the following link: https://ised-isde.canada.ca/site/global-innovation-clusters/en.
- Footnote xlvii
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This figure is captured as a subtraction of $6.888B from the Budget 2017 total allocation under the IICP to account for funds in the fiscal framework, reallocations, and other revenues.
- Footnote xlviii
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The Green Municipal Fund (GMF) received $62,500,000 in funding from both ECCC and NRCan ($125,000,000 total). The figures presented for this program represent totals across all IICP funding sources. The GMF is delivered by the Federation of Canadian Municipalities (FCM) on behalf of Environment and Climate Change Canada, and Natural Resources Canada. The FCM reports on their GMF results in their Annual Report available on the FCM website: https://fcm.ca/en/resources/gmf/annual-report-green-municipal-fund-2020-2021
- Footnote xlix
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The Electric Vehicles and Alternative Fuels Infrastructure program received funding under the IICP from Budget 2016 ($62,500,000) and Budget 2017 ($120,000,000). The figures presented for this program represent totals across all IICP funding sources.
- Footnote l
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The Home Energy Retrofits program received $950,000,000 in funding under the IICP via the Reserved Green Funding (see footnote 8). Of this total allocation, $476,000,000 is accounted for under Less funds in the fiscal framework, reallocations and other revenues. This program contributes to the Green Municipal Fund (GMF) that is delivered by the Federation of Canadian Municipalities (FCM). The FCM reports on their GMF results in their Annual Report available on the FCM website: https://fcm.ca/en/resources/gmf/annual-report-green-municipal-fund-2020-2021
- Footnote li
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The Zero Emissions Vehicle Infrastructure Program received funding from multiple sources and falls under both the Investing in Canada Plan (IICP) and the Clean Growth and Climate Change (CGCC) horizontal initiatives. This program received $130,000,000 in funding under the IICP from Reserved Green Funding (see footnote 8). ZEVIP results are reported through Environment and Climate Change Canada’s CGCC reporting on this separate horizontal initiative’s website: https://www.canada.ca/en/environment-climate-change/corporate/archive/archived-departmental-plans/2021-2022/supplementary-information-tables.html#toc12
- Footnote lii
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The amount of the Total Approved Program Spending as well as Value of Funding Flowed columns are restated from $17,312,739 to $18,514,383 to include the O&M component of this program that was previously not considered in the reporting. The variance between the Value of Funding Flowed in the amount of $18,514,383 and the Total Allocation of $19,806,350 was mainly related to the delay in hiring staff as well as reduced contributions upon project closures. Parks Canada was able to deliver the program through existing resources until additional staff were hired.
- Footnote liii
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The Funding for First Nations and Inuit Policing Facilities program received $100,000,000 in funding under the IICP via Supporting Indigenous Communities (see footnote 9). $88.55M of this program’s funding is contribution funding and $11.45M is for operating expenditures. Funding for First Nations and Inuit Policing Facilities program has an ongoing commitment to continue to provide funding to First Nations and Inuit Communities to construct or renovate its policing facilities beyond fiscal year 2024-25.
- Footnote liv
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The Canada 150 Community Infrastructure Program received funding under the IICP from Budget 2016 ($150,000,000) and Existing/Legacy Funding ($147,000,000). The figures presented for this program represent totals across all IICP funding sources. Regional Development Agencies include: Atlantic Canada Opportunities Agency; Canada Economic Development for Quebec Regions; Canadian Northern Economic Development Agency; Federal Economic Development Agency for Southern Ontario; Federal Economic Development Initiative for Northern Ontario; and Prairies Economic Development Canada.
- Footnote lv
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The Canada Coal Transition Initiative received $150,000,000 ($45,000,000 for the Atlantic Canada Opportunities Agency and $105,000,000 for Prairies Economic Development Canada) in funding under the IICP via Reserved Green Funding (see footnote 8). The figures presented for this program represent totals across ACOA and PrairiesCan programming.
Expenditures numbers provided for ACOA contain actual disbursements to the clients. The numbers represent grants and contributions (G&Cs) credits only.
- Footnote lvi
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The Climate Risk Assessments program represents the Transportation Assets Risk Assessment initiative. This initiative does not involve capital investments, and is fully reported on under the Horizontal Management Framework for Clean Growth and Climate Change: Mitigation and Adaptation supplementary table (led by Environment and Climate Change Canada): https://www.canada.ca/en/services/environment/weather/climatechange/pan-canadian-framework.html
- Footnote lvii
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Heavy-Duty Vehicle Off-Road Regulations is a horizontal initiative funded under the IICP via Budget 2017 composed of Transport Canada’s Heavy-Duty Vehicle Retrofit Requirements Initiative ($3,090,000) and Environment Canada’s Off-Road Regulations initiative ($13,000,000). This horizontal initiative is fully reported on under the Horizontal Management Framework for Clean Growth and Climate Change: Mitigation and Adaptation supplementary table (led by ECCC): https://www.canada.ca/en/services/environment/weather/climatechange/pan-canadian-framework.html
- Footnote lviii
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The National Trade Corridors Fund received funding from multiple funding sources under the IICP including Budget 2017 ($2,000,000,000 in total allocation), and an additional funding ($400,000,000 in total allocation) dispersed in Budget 2019 by the department of Finance for green infrastructure investments (see footnote 8). The figures presented for this program represent totals from these IICP funding sources. There are a number of additional approved NTCF projects, being funded through the $1.9B provided by Budget 2021 that recapitalized NTCF. These are not reported under the IICP.
- Footnote lix
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The Oceans Protection Plan is a 5 year Plan that is better positioning Canada’s marine safety system to prevent and respond to marine safety and pollution incidents, protecting and restoring marine habitats and ecosystems in key strategic areas, increasing the participation of Indigenous groups within Canada’s marine sector, and increasing knowledge of the behaviour and impacts of oil. The value of funding flowed figure represents total federal actual spending as of March 31, 2023 across over 50 initiatives that are being implemented to ensure that our oceans are cleaner, healthier and safer now and for future generations.
The Financial information for Transport Canada’s Ocean Protection Plan was updated to reflect actual funding and spending on a cash basis and inclusive of internal services. Unspent funds for this initiative were lapsed or carried over and are no longer accounted for under the IICP.
- Footnote lx
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The Canada Infrastructure Bank (CIB) is mandated to invest $35B in revenue-generating infrastructure projects in Canada or partly in Canada and by virtue of its investment, to attract private sector and institutional investment. The CIB provides financing as opposed to grants and is therefore reported separately from other programs under the IICP in a manner that aligns with its delivery model.
- Footnote lxi
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This amount is the total appropriations that the CIB is authorized to receive from the Government of Canada, as set out in the CIB Act.
- Footnote lxii
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This amount represents the committed dollars associated with projects where the CIB has reached financial close as of June 30, 2025. Note as the CIB reinvests investment returns, total investments can exceed the total appropriation amount.
- Footnote lxiii
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This amount represents the amount disbursed to borrowers on a cash basis as of June 30, 2025. The CIB issues disbursements as project construction progresses. Infrastructure projects typically take many years to complete, creating an inherent lag between financial close and financing flowed.
- Footnote lxiv
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The CIB is a risk-taking institution, and within its fiscal expense balances expected losses and portfolio volatility. As the CIB expects to be a self-sustaining institution over time revenues should exceed our credit losses and operating expenses. The CIB does not expect to consume the maximum fiscal expense of $15B. This amount is as of June 30, 2025.
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