Music connects us to one another through rhythm, passion and storytelling. The Government of Canada remains committed to helping Canadian-owned music companies and organizations invest in our diverse and talented artists to help them thrive in the global market.
Today, while taking part in celebrations for the JUNO Awards, the Honourable Pascale St-Onge, Minister of Canadian Heritage, announced a renewal and boost of support for the Canada Music Fund to help the Canadian music sector and continue to support the success of a range of Canadian artists at home and abroad.
The Government of Canada will deliver $32 million over the next two years (2024-25 and 2025-26) to keep supporting initiatives that enhance the careers of Canadian artists, while strengthening the competitiveness and stability of the Canadian music sector.
Through support like this, new and exciting Canadian artists are breaking through with new sounds, styles and helping uplift those who needed their chance to shine. This investment will also provide relief to Canadian music companies and organizations facing financial pressures from rising costs, as they seek to build up the next generation of artists. This important step will also contribute to the success of the Canada Music Fund's modernization since its announcement in Budget 2019.
As with all Canada Music Fund contributions, this investment will be administered by the Foundation Assisting Canadian Talent on Recordings (FACTOR) for the Anglophone market and the Fondation Musicaction (Musicaction) for the Francophone market.
