Statistics Canada has released a new report on university finances in 2022-2023, which shows continuing improvement for the sector. Revenues increased to $47.5B ($2.2B increase), while expenditures increased to $45.1B ($1.4B increase). Provincial funding remained the largest contributor to institutional revenue overall, though tuition was the largest source of revenue in Ontario and Nova Scotia. StatCan noted that the full return of on-campus activities—such as parking, food services, and residence halls—had a particularly notable impact on both revenue and expenses in the studied year.
StatCan
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