Canada releases 2023 Budget with investments in CCIP, changes to student grants and loans


The Government of Canada has released its 2023 federal budget, which focuses on a “Strong Middle Class, Affordable Economy, [and] Healthy Future.” Of note to the postsecondary sector, the budget includes $108.6M in new funding to expand the College and Community Innovation Program and adjustments to the Canada Student Grants and Canada Student Loan programs. Colleges and Institutes Canada and Polytechnics Canada have each issued statements praising the budget for its investments in applied research. Universities Canada issued a statement describing the budget as a “missed opportunity to keep Canada competitive in science and research,” noting the lack of funding increases to the research granting councils and graduate scholarships.

Canada | Universities Canada | CICan | Polytechnics Canada