As part of the Canadian Economic Action Plan 2014, the Canada First Research Excellent Fund will be created to advance science research. Over the next 10 years, the program will provide CAN 1.5 billion ($1.36 billion) to higher education institutions. Funding will be CAN 50 million in 2016, increasing in increments of CAN 50 million each following fiscal year until reaching CAN 200 million in 2019, with that level of funding sustained in subsequent years. The annual budget for granting councils will be CAN 46 million each year and will be applied in part toward the Canadian Institutes of Health Research, with CAN 15 million for such programs as the Strategy for Patient-Oriented Research and the Canadian Consortium on Neurodegeneration in Aging; the Natural Sciences Research Council, with CAN 15 million for science and engineering, and the Indirect Costs Program with CAN 9 million. Mitacs, which promotes research collaborations between industry and academic institutions, will receive CAN 8 million over two years. Over five years, CAN 222 million will fund the TRIUMF physics laboratory.

Source: The Canadian Economic Action Plan 2014