Type of Program:
The Envelope Funding for Music Companies program is allocated once a year for a recipient to undertake a suite of activities fostering the development of Canadian artists and the promotion of their music. This can include expenses related to the production and marketing of sound recordings, domestic and international tours and showcases, music publishing, artist management and business development activities.
Comments on Funding:
In response to challenges created by the COVID-19 pandemic, the administrative expense cap will be waived to offset all necessary operating expenses. This adjustment will apply to the entirety of the 2021-2022 fiscal year.
The maximum funding level for individual companies is $650,000; affiliated companies are capped at $800,000.
When It Ends:
Closed for 2021-2022 fiscal year
Next deadlines to be announced.
Be advised that eligibility criteria may change in future fiscal years as the program is further developed.
Companies that are interested in this program and are new to the FACTOR system must create an Applicant Profile at least 5 business days prior to the program deadline.
Companies that intend to apply and have existing Applicant Profiles meeting program eligibility must contact their Project Coordinator for access to the application.
Applicants must submit:
- 1an application form (Excel spreadsheet) - Uploaded to Component Information tab in application component. Affiliated groups must report their revenues and investments under one single form and detailed information for live music activities is required (see "Live Performance Revenues Y1" tab).
- 2a business plan (PDF) - Uploaded to Component Information tab in application component.
- 3Financial statements for the past 3 fiscal years (PDFs) - Uploaded to Gross Revenue section of Applicant Profile. The financial statements must be prepared by a Chartered Accountant. FACTOR will accept audited financial statements, review engagement reports, or notice-to-reader statements. Applicants are required to submit audited financial statements if their 2020-2021 contribution exceeded $250,000.
FACTOR projects approved prior to April 1, 2021: Envelope Funding recipients for 2021-2022 will be required to complete any active project components in other programs with expenses incurred prior to April 1, 2021. Completions for project components in the project system must be submitted within 60 days of accepting the Envelope Funding offer. No new project components will be approved after April 1, 2021.
Other Things to Note:
Program guidelines for 2021-2022 were published in July 2021.