The forecast for private non-profit expenditure on R&D in Canada shows a consistent upward trend from 2024 to 2028, with an average annual increase of 1.2% according to the data provided. In 2023, this spending was recorded at 160 million Canadian dollars, signifying a steady investment growth. Year-on-year variations range from 1.2% to 1.8% within this period, indicating a stable and moderate increase in investment.

Future trends to watch for include:

Potential government policy changes impacting non-profit funding and R&D incentives.
Evolving technological advancements requiring increased R&D investment.
Global economic factors influencing available non-profit funds in Canada.