In 2023, private non-profit expenditure on R&D in natural sciences in Canada was estimated at USD 41 million (PPP = 2015). From 2024 to 2028, this expenditure is forecasted to consistently increase, with year-on-year growth rates of approximately 3%, peaking at USD 45.91 million in 2028. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is expected to be around 2.1%, indicating a steady but moderate increase in investment over the five-year period.

Future trends to watch for:

Potential shifts in environmental policies could influence funding allocations.
Technological advancements in research methodologies might accelerate growth and efficiencies.
Changes in philanthropic behavior and economic stability can impact funding consistency.