Building Canada Fund

The $8.8 billion Building Canada Fund was established under the 2007 Building Canada plan to fund projects from 2007 to 2014.

The Fund addresses national, regional and local infrastructure priorities and supports projects designed to deliver results in three areas of national importance:

How the Fund Works

The Fund works by making investments in public infrastructure owned by provincial, territorial and municipal governments, and in certain cases, private sector and non-profit organizations. Funding is allocated to each province and territory based on population.

Cost-sharing

All projects funded through the Building Canada Fund are cost-shared, with the maximum federal contribution to any single project being 50 per cent.

Generally speaking, municipal projects are cost-shared on a one-third basis—the maximum federal share is limited to one-third, with matching contributions from the province and municipality.

For projects where the asset is owned by a private sector entity, the maximum federal contribution is 25 per cent.

In the territories, funding is administered through the Provincial/Territorial Base Fund.

Components of the Building Canada Fund

The Building Canada Fund is made up of two components: the Major Infrastructure Component and the Communities Component.

Funding for research, knowledge, planning and feasibility studies is also available for projects financed under these components.