Grants and Contributions

About this information

In June 2016, as part of the Open Government Action Plan, the Treasury Board of Canada Secretariat (TBS) committed to increasing the transparency and usefulness of grants and contribution data and subsequently launched the Guidelines on the Reporting of Grants and Contributions Awards, effective April 1, 2018.

The rules and principles governing government grants and contributions are outlined in the Treasury Board Policy on Transfer Payments. Transfer payments are transfers of money, goods, services or assets made from an appropriation to individuals, organizations or other levels of government, without the federal government directly receiving goods or services in return, but which may require the recipient to provide a report or other information subsequent to receiving payment. These expenditures are reported in the Public Accounts of Canada. The major types of transfer payments are grants, contributions and \'other transfer payments\'.

Included in this category, but not to be reported under proactive disclosure of awards, are (1) transfers to other levels of government such as Equalization payments as well as Canada Health and Social Transfer payments. (2) Grants and contributions reallocated or otherwise redistributed by the recipient to third parties; and (3) information that would normally be withheld under the Access to Information Act and the Privacy Act.

Found two records

$185,335.00

Apr 7, 2025

For-profit organization

Agreement:

AI underwriting solution for Canadian lenders

Agreement Number:

1030468

Duration: from Apr 7, 2025 to Mar 31, 2026
Description:

Creating AI-powered mortgage underwriting technology to efficiently underwrite loans by providing a modern platform that requires little to no training to use. The AI technology will deliver a world class and novel experience to all users.

Organization: National Research Council Canada
Program Name: Industrial Research Assistance Program
Location: Kelowna, British Columbia, CA V1V 2B7

$49,010.00

Aug 26, 2024

For-profit organization

Agreement:

AI Integration for Mortgage Appraisal Tool

Agreement Number:

1022176

Duration: from Aug 26, 2024 to Mar 28, 2025
Description:

To build a real estate appraisal tool that assists Canadian mortgage underwriters assess risk during the mortgage underwriting process. The tool will utilize artificial intelligence (AI) to quickly interpret risks with optimal accuracy thereby reducing processing time, costs, and risk for financial institutions, banks, and credit unions.

Organization: National Research Council Canada
Program Name: Industrial Research Assistance Program – Contributions to Firms
Location: Kelowna, British Columbia, CA V1V 2B7