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FACTOR Welcomes Government of Canada Investment

FACTOR welcomes Government of Canada investment in Canadian music

November 9, 2026 — TORONTO — The Foundation Assisting Canadian Talent on Recordings (FACTOR) welcomes the various initiatives made by the Government of Canada, including those announced in Budget 2026 last week. By pledging support for Canada’s creative industries, Prime Minister Mark Carney, Finance Minister François-Philippe Champagne, and Culture Minister Marc Miller have affirmed the vital role of Canadian music in strengthening our cultural sovereignty.

“Canada’s cultural sovereignty depends on our willingness to invest in our own voices,” said Meg Symsyk, President and CEO of FACTOR. “We have extraordinary talent in this country. Our responsibility is to give that talent the opportunity to be heard, to build lasting careers and to reach audiences here at home and around the world. This investment in the Canada Music Fund backs Canadian artists and the independent businesses that help bring their music to life. We thank Prime Minister Carney, Minister Champagne, Minister Miller and the Government of Canada for recognizing that investing in Canadian music is an investment in who we are.”

FACTOR welcomes the new Canada Creative Credit, announced in Budget 2026. This initiative further supports new and emerging artists as they foster their creativity, artistic production, and cultural entrepreneurship in Canada.

Minister Miller’s announcement of $67 million for the Canada Music Fund (FACTOR $31.5M, Musicaction $21.0M, Canadian Starmaker Fund $5.7M, Fonds RadioStar $3.8M, and the Indigenous Music Office $5.0M) represents a historic investment in the careers of Canadian artists and the Canadian-owned music companies that support them, from recording and marketing to touring and exporting.

These additional funds will build on Budget 2025, which renewed the Canada Music Fund with $48 million over three years beginning in 2026-27. Last year, FACTOR supported:

  • – The creation of over 1,200 albums, EPs, and singles
  • – The production of over 1,400 music videos
  • – More than 750 tours and 3,000 showcases of Canadian artists

    “Behind every dollar invested in Canadian music are artists taking the next step in their careers and Canadian companies helping them get there,” said Symsyk. “Sustained investment makes it possible to look beyond the next release or tour and build for the future.”

    FACTOR Canada will continue to work with the Department of Canadian Heritage, its partners in Canada’s private radio sector, and industry associations to ensure that funding reaches artists quickly and fairly.