Archived - Harper Government Supports Launch of the Canadian Centre for Aging and Brain Health Innovation

Archived information

Archived information is provided for reference, research or recordkeeping purposes. It is not subject to the Government of Canada Web Standards and has not been altered or updated since it was archived. Please contact us to request a format other than those available.

Economic Action Plan 2015 makes $42 million investment in innovation and seniors’ health

May 22, 2015 – Toronto, Ontario – Department of Finance

Finance Minister Joe Oliver today took part in an event celebrating the launch of Baycrest Health Sciences’ new Canadian Centre for Aging and Brain Health Innovation. The Centre will be a national hub for the development, validation, commercialization, dissemination and adoption of brain health and seniors’ care products and services—a cutting-edge institution and world leader in its field.

Quick Facts

  • As Canada’s population ages, age-related cognitive impairment and chronic conditions are becoming more prevalent. The burden on families is hard, and growing. By 2031, the number of people living with dementia is expected to hit 1.4 million.
  • Research on aging and brain health issues such as dementia can lead to better diagnostic tools and more effective treatments. The result is happier and healthier lives for Canadians.
  • Economic Action Plan 2015 proposes to provide up to $42 million over five years, starting in 2015–16, to Baycrest Health Sciences, based in Toronto, to support the establishment of the Canadian Centre for Aging and Brain Health Innovation.
  • In addition to providing world-class geriatric health care, Baycrest is home to a leading academic health sciences centre, affiliated with the University of Toronto and collaborating with research institutions across North America.
  • Since 2006, our Government has invested more than $13 billion in new funding in all facets of the innovation ecosystem.


“Innovation is at the heart of the Canadian economy. It fuels jobs, growth, and long-term prosperity, while tackling the pressing medical challenges of our time. That includes age-related cognitive impairment—a growing issue across the country. That is why we are proud to invest in the creation of the Canadian Centre for Aging and Brain Health Innovation. We expect its cutting-edge research and world-leading innovation will make life better for seniors here and around the world and support a caring and prosperous society at home.”

- Joe Oliver, Minister of Finance

Related Products

Media Contacts

Melissa Lantsman
Director of Communications
Office of the Minister of Finance

Stéphanie Rubec
Media Relations
Department of Finance

Stay Connected