Statistics Canada reported that Canadian universities spent a total of $51.7 million in current dollars during the 2024/2025 fiscal year. Of this, $4.89 million was allocated to capital expenditures, representing 9% of total spending. Operating expenditures accounted for $46.82 million, making up 91% of the budget. Compensation constituted the largest portion of operating costs at $30.75 million (59%), with academic salaries totaling $13.46 million (26%) and other salaries and wages reaching $12.11 million (23%). Benefits amounted to $5.18 million (10%), while other operating expenditures totaled $16.07 million (31%). These figures reflect the distribution of university spending across various categories as of July 29, 2026.
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