The federal Canada Community-Building Fund (CCBF) was first announced in the 2005 federal budget. It provides over $2 billion annually to municipalities across the country – a stable and predictable source of funding to support investments in municipal infrastructure. The CCBF’s flexibility and predictability allows municipalities to plan for the future and invest in projects that address local priorities.
The CCBF was legislated as a permanent source of funding in 2011, and in 2013 it was indexed at two per cent per year, in $100 million increments.
In 2014, the City entered into an Administrative Agreement with the Government of Canada, the Province of Ontario and the Association of Municipalities of Ontario (AMO) that governs the flow of funds from 2014 to 2023. Canada transfers the CCBF directly to Toronto in semi-annual instalments (July and November), after receiving Toronto’s annual report.
Since the inception of the federal CCBF in 2005 Toronto City Council has directed it to investments in the Toronto Transit Commission (TTC) which contributes to safe and reliable service for over 521 million riders each and every year. In total, the City of Toronto has leveraged more than $4 billion of investments in public transit, due to the $1.8 billion contribution made by the Government of Canada.
Past CCBF funded projects include:
In 2018, the City of Toronto received approximately $167.4 million. In total, the City’s 2019 to 2028 Capital Budget and Plan reflects $1.8 billion in federal funding to be received through the CCBF. Priority projects includes a continued focus on fleet replacement and renewal (buses, streetcars and subways).