This report reflects progress to date as of January 25, 2023, and is updated annually.
Under the Industrial and Technological Benefits (ITB) Policy (and its predecessor the Industrial and Regional Benefits Policy), defence contractors are contractually required to undertake business activity and investment in Canada in an amount that generally equals the value of their defence contracts. Significant investment in Canada has been made to date as a result of these policies.
Progress in fulfilling obligations is generally commensurate with the pace of the work underway to deliver the goods and services being procured. Innovation, Science and Economic Development Canada receives contractor reports on an annual basis and, following verification, credits company investments within a six-month period.