Canadian Heritage Minister Pascale St-Onge has announced a boost of support for the Canada Music Fund to support Canada’s music industry and artists. Over the next two years, the Government of Canada will provide $32 million to further initiatives aimed at enhancing Canadian artists’ careers and bolstering the competitiveness and stability of the Canadian music industry.
This marks the first increase to the fund since 2019, and a critical step in supporting the continued growth of the industry, and associated demand on the fund.
SOCAN recognizes the profound impact that such investments have in fostering a thriving and vibrant music ecosystem in Canada, as well as in supporting the important work of organizations like CIMA (the Canadian Independent Music Association) and ADISQ (The Association québécoise de l’industrie du disque, du spectacle et de la video). Though this investment falls short of what the federal government promised in 2021, it signals progress toward strengthening Canada’s music industry, and recognizes music’s meaningful contribution to Canada’s culture and economy.
As with all Canada Music Fund Contributions, FACTOR (the Foundation Assisting Canadian Talent on Recordings) will administer this investment for the Anglophone market, and Musicaction will do so for the Francophone market.