Statistics Canada data shows Canadian universities’ total expenditures increased annually from 2020/21 to 2024/25. In 2020/21, total spending was $39.0 billion, rising to $51.7 billion in 2024/25. Expenditures included salaries and benefits ($24.6 billion in 2020/21 vs. $30.8 billion in 2024/25), travel ($121.3 million to $881.7 million), library acquisitions ($433 million to $466.5 million), and furniture/equipment purchases ($1.3 billion to $2.1 billion). Other operational costs, utilities, and renovations also saw steady growth. The data, released July 29, 2026, covers expenditures by type and funds for all Canadian universities.
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