Canadian Olympic committees call on federal government for $104M to ‘avoid crisis’
OTTAWA — With the Paris 2024 Olympics and Paralympic Games set for this summer, the Canadian Olympic Committee and Canadian Paralympic Committee are requesting an additional $104-million in funding from the federal government.
The COC and CPC, in a joint budget request on Monday, called on the federal government to make important investments in Canadian athletes and in a stronger, safer sport system after releasing the results of a study undertaken by Deloitte on the financial health of Canadian National Sports Organizations (NSOs).
The two committees insist an increase to Canadian sport system funding is “urgently needed” for NSOs to continue their core work of supporting athletes, provincial federations and clubs across the country.
They added that the significant gap in funding of $104 million is caused by 19 years of inflation since the last increase to sport funding in 2005 ($20 million), the sunsetting of issue-specific funding ($57 million), and the cost of increased demands on NSOs from stakeholders ($27 million).