Research tools and facilities: essential drivers of innovation (Annual report 2022–23

In synergy with the research community, the support of government and the collaboration of research leaders in the federal granting agencies, universities, colleges, hospitals and other foundations, we will together enable the full potential of research in this country to be realized, improving the lives and livelihoods of Canadians. [...] The announcement spaces and biocontainment facilities (see “A new funding of the hubs was the result of a competition of the Canada program to respond to the needs of the country” on Biomedical Research Fund (CBRF), which is administered page 13 for more on the origins of this funding program). [...] Grants received from the Government of Canada and related investment income are administered and invested in accordance with the requirements of the Act and the terms and conditions of the Funding and the Contribution Agreements between the CFI and the Government of Canada. [...] The CFI’s objective is to have sufficient liquid resources to continue operating in accordance with the Funding and the Contribution Agreements between the CFI and the Government of Canada, despite adverse events with financial consequences, and to provide it with the flexibility to take advantage of opportunities that will advance its purposes. [...] Restricted contributions and net assets The requirements of the Act, which governs the CFI and the terms of its Funding and Contribution Agreements with the Government of Canada, externally impose restrictions on all of the CFI’s net assets.