Photo: Yuli Scheidt Directors of Board Our Chair the From Message Financial Results Financial 20 12 4

Contents About the Foundation Program Descriptions Collective Initiatives Collective Message From the the From Message Funding Offered Offered Funding Funding Offered Offered Funding Success Stories 28 22 52 62 14 31 By Region By President Genre By 6 Juries

Awards Community the In Applications ApprovedApplications Our FundingOur Partners Year-End Snapshot Funding Offered By By Offered Funding Jurors by Province by Jurors Sponsorships per 29 54 65 34 Looking Ahead Looking 24 15 By Genre By 8

Applications ApprovedApplications By Overview of Funding of Overview Contributing Radio Contributing 40 30 60 69 26 10 Broadcasters 18 PWC Report PWC

Staff Our Province Region Region

3

FACTOR 2014–2015 4 FACTOR 2014–2015 Whitehorse. the country andasfar asYellowknife north and regions and to right music across associations maturity. extends to events Oursupport inall from theircareers of the very start through to andentrepreneurs artists and funds both funding to multiple genres andcommunities, FACTOR Canada,provides of serves allparts creative industries. the gold and for thearts standard insupport that isrenownedpublic globally support as and innovativea unique blend private of and Canada’s fundingsystem music for is popular to FACTOR, which in1982. started contribution Canada’s of private broadcasters We acknowledge mustalso thecontinuing FACTOR andotherCMFrecipients. for continuing public fundingtosupport whoindustry partners were clear so intheir Weand we wish herthebest. thankour also announced herretirement from politics, confidence.of Minister Glover has since and to Minister Shelly Glover for thisvote We extend ourthanksto theDepartment than onexhausting administrative exercises. onprogrammingfocused for thefuture rather It means that more timecanDepartment. be industry, andfor ourkey at partners the This isgreat news for FACTOR, for the funding every April. Heritageof to (re)make for thecase music it isnolonger necessary for theDepartment Now that made permanent, thefundhasbeen have renewed been for thenext five years. specifically theagreements with FACTOR, April theCanada 2015 Music Fund(CMF), and welcomehighlight some news. good Asof as FACTOR’s ChairIfeel fortunate that Ican Message From the Chair In writing my first message Chair Jeffrey Remedios, into thefuture. this tradition leadership solid of willcontinue a terrific Our team. be assuredclients can that knowledgeable industry professionals leading have acommitted group successfuland of servicestaff thispast for their year. We I would like to thankFACTOR’s Board and Canada. future-looking view themusic of industryin actively evolve andembrace acomprehensive, outdated business models. We continueto that we domired notbecome infunding FACTOR strives remain sensitive to ensuring theirgrowingliving serving global audience. travelling around theworld repeatedly, make a income, willbe andmany Canadianartists more depend thaneverArtists ontheirtouring developedthe fully ecosystem that isto come. today resembles afrontier town,rather than Streaming ishere, butthestreaming landscape continue theirrapid transformation. successes asmusic business conditions However, FACTOR cannot dwell onpast intimate localmusic get-togethers. the largest music events inthecountry to Our catalogue funded of projects ranges from critics andfans alike. FACTOR continue to delight artists supported like andNikki Elizabeth Yanofsky, Raum Alvvays to incredible classical andjazztalents like Tanya Tagaq, TheWeeknd, July Talk and From genre-bending breakout success stories

Canada. Canada. in industry music the of view future-looking comprehensive a embrace and evolve actively to We We Message From the Chair

continue continue 5

FACTOR 2014–2015 6 FACTOR 2014–2015 living withinour means. reflect industry priorities andneeds, while that we shiftourfundingto areas which better at FACTOR every year. thisrequires Allof More andmore arrive applications for support seek to enhance theirmusic brands abroad. worldwide festivals and music events asthey to in rampedplace uptheirefforts theirartists extensive touring.Industry organizations have tap into markets outside Canada of through to are seekingmoreArtists opportunities alesshas become expensive proposition. recordings sound of Theproduction shifting. continues to grow, andindustry priorities are However, client demand onFACTOR funding possible. have made thisfive-year future commitment years, andintelligent investment strategies, management fiscal Prudent over thepast four transactions from thepastseven years expire. from private sources from asthemajorbenefits will help aprojected offset decline in revenue to 2020.2015 Thisstable financialoutlook yearleast millionper $16 onprograms from benefits.FACTOR isprojecting to invest at over millionbuilt $40 from private broadcaster broadcasters. Thisincludes anendowment of funding from government both andprivate years withareasonable expectation stable of Canada, FACTOR can plan for thenext five having signed withtheGovernment been of Fund, andanew contribution agreement therenewalWith thisyear theCanada of Music largest by amountspent FACTOR inits history. dollars the distributed for program support, year, million fundingpeaked withabout $17 to thedegreeand importance that ithas.Last imagined FACTOR would grow insize both The initialbudgets were smallandnoone was founded withmodest expectations. Message From the President Over thirty yearsOver thirty ago FACTOR President Duncan McKie, always listening. directly.us anemailortweet. We’re us Send the CMPA, ortheMMF. Or, get intouch with provincial CIMA, music industry association, or FACTOR directly. Get involved. Join a you shouldcontactdiscussion, arepresentative ifyouSo have orwant to athought, jointhe the quality theideas of onwhich itisbased. counsel. FACTOR as asgood can onlybe the next five years, seekingwe willagainbe consultation. Astheindustry evolves over FACTOR isaresult 2015 that of of ongoing respect to program priorities anddesign. The available thebest upon industry advice with music organizations, FACTOR seeksand acts Through itsBoard andrelationships withother it has. the degree that to importance and size grow both in would FACTOR imagined one no founded... was FACTOR ago Over thirty years Message From the President

7

FACTOR 2014–2015 8 FACTOR 2014–2015 marketing, showcase, touring, videos, andevent recordings, sound of programs insupport but continues to offerawide range of funding technicalmade some changes to program rules, FACTOR ahead to 2015-2016, Looking has what term painfor long itis:short term gain. their understanding thesituation of for exactly are gratified to haveso many clients expressing projects that were underway, and FACTOR staff This decision hadanegative impactonsome available year per across artist allprograms. per to reduce themaximumtour amountof support Comprehensive Music Company programs, and projects intheComprehensive and Artist the maximum project level fundingfor upper Consequently, thedecision was made to reduce the greatest projects. possible of number whilespending at thesame timesupporting FACTORfunding, would have to reduce program in order to stay ontrack to stable, long-term inview,these theBoard Directors of felt that Keeping established andenterprises. artists between prioritizing new andemerging,versus investment fund; isstriking thesecond abalance industry through thecareful maintenance an of longest-possible-term fundingfor themusic making at FACTOR. Thefirst isensuring the illuminated by two principles that guide decision The decision to is makeadjustments those programs.certain during thisfiscal year inorder to meet demand in significant made adjustments to funding levels delivery are generally positive, there were changes to FACTOR’s structureandprogram any majorchanges. While theresults the of data andmonitor client activities before making the organization gave itselftwo years to collect new program andstaffstructurein 2013,April Looking Ahead When FACTOR launched its small ways. our programs willcontinueto evolve inmany much flexibility as we can afford. That means means addressing ourclients’ needs withas respond to thisdynamic demand, andthat FACTOR’sparts. challenge isto continue to the Canadianmusic industryhasalotmoving of programs,thirteen itisanunderstatement to say are ready to applyto oneormore FACTOR’s of bands andensembles inoursystemartists, who overWith solo 5,188 applicants and4,770 information. are available onthebest made, based theywillbe revenue data program that so iffurther changes projects, andwillcollectmarket, production, and will continueto monitor theprogress funded of Duringyear, theupcoming production. FACTOR challenge FACTOR’s as we can afford. flexibility much as with clients’ needs our addressing and that means dynamic demand, respond to this to continue

Looking Ahead

is to

9

FACTOR 2014–2015 10 FACTOR 2014–2015 departments. instaff four 20 full-time employed FACTOR In 2014–2015, Our Staff PRESIDENT Duncan McKie PROJECT COORDINATOR PROJECT Derek Wilson COORDINATOR PROJECT Aurora Bangarth INITIATIVES – SPONSORSHIPS &COLLECTIVE COORDINATOR PROJECT SENIOR Tamara Dawit OFFICER RELATIONS HOLDER COMMUNICATIONS AND STAKE Siobhan Ozege Communications ADMINISTRATORCRM Danitza Nolasco VICE PRESIDENT OF OPERATIONS OF PRESIDENT VICE Outhit Allison Operations MANAGER FexAngela Client Services JURY SUPERVISOR JURY Molly Shore Our Staff - PROJECT COORDINATOR PROJECT Jeffrey Hayward DIRECTOR OF OPERATIONS OF DIRECTOR Phil Gumbley PROJECT COORDINATOR PROJECT Amanda Langton ACCOUNTING MANAGER ACCOUNTING Marina Anianova SENIOR PROJECT COORDINATOR PROJECT SENIOR Beth Hamill Accounting COORDINATOR OFFICE Cathy Waszczuk ASSISTANT MANAGER Eryka Nilsen PROJECT COORDINATOR PROJECT Lindsey Van DeKeere SENIOR PROJECT COORDINATOR PROJECT SENIOR Erin Kiyonaga thank FACTOR would like to ASSISTANT MANAGER Megan Jones PROJECT COORDINATOR PROJECT Angela Kozak during our fiscal year. contributions to FACTOR and Yuli Scheidt for their Fourney, Jones Joshua Tim Christina Cassaro, Christina

11

FACTOR 2014–2015 12 FACTOR 2014–2015 professional musician.professional This is last seat traditionally held by a voting seats onFACTOR’s board. organizations,member which control eight private radio broadcasters. There are eight the music industry andfive from Canada’s avolunteerof individuals, group 11 six of from The FACTOR BoardDirectors of iscomprised from the independent music industry; broadcasting; radio directors to theremaining three seats onFA organizations are responsible for electing The seats held by FACTOR’s eightmember representing private terrestrial broadcasters; Recording Industry; resolution, drawn from the Independent representative representative One seat can be held by be can anyOne seat independent for is arepresentativeOne seat reserved forOne is arepresentative reserved from Rogers Communications Inc.; Inc.; CORUS Entertainment Bell MediaInc.; Association of Broadcasters,Canadian Music Managers Forum -Canada; MusicCanadian Publishers Association; One member, by admitted Board IndependentCanadian Music Association; Our of Board Directors who is not in radio broadcasting.

provide input as required. as input provide have voting privileges and Observer. the Board of Directors as an Board to attend meetings of of the National Advisory Chairman the for provision members. available to new Board institutional memory is ensures that FACTOR’s support and guidance organization. His unwavering founding president of the Director Emeritus. He is the Duff Roman is FACTOR’s this year. this FACTOR to contributions Sarah Stasiuk for her We would like to thank ensure Board rotation. was adopted in 2007 to three terms. This by-law board, to amaximum of a two-year term on the Board directors can serve FACTOR also has a Observers do not not do Observers SRO|Anthem Manager, Artist MMF Appointee Meghan Symsyk &CraftsArts President, CIMA Appointee Jeffrey Remedios 97.3/Flow 93.5 Manager, Boom Operations CAB Appointee Steve Parsons Nettwerk Music Group A&R/Publishing, VP, International CMPA Appointee Mark Jowett SECRETARY CHAIR Our of Board Directors President, Outside Music Outside President, Music Industry Director, Elected Lloyd Nishimura Regulatory Affairs Senior Counsel, Bell Media Inc., Appointee Lenore Gibson JACK FM Director, Program Rogers Appointee Al Ford Singer/Songwriter Music Industry Director, Elected Sarah Slean VICE-CHAIR Records President, Secret City CIMA Appointee Justin West Broadcast Group Broadcast Chairman, Jim Pattison Radio Industry Director, Elected Rick Arnish CORUS Radio CORUS President, CORUS Appointee Chris Pandoff Duff Roman Roman Media Inc. President &CEO, Duff Director Emeritus TREASURER Board. the on seats eight controlling organization, the of members eight are there by-laws current the under 8 5 industry music the from are members 6 members. elected independently for reserved are seats 3 broadcasters Canada’s radio private from are members Nova Scotia Executive Director, Music Advisory Board National of Chair Observer, Long Scott 13

FACTOR 2014–2015 14 FACTOR 2014–2015 their careers. islooking Whether anartist through various programs, at every stage of publishers, event producers anddistributors songwriters, managers,artists, labels, isprovided to Canadian recordingSupport the Canada Music Fund). Development Program (now knownas in1986 Recordingsince theinception theSound of FACTOR managingfederal has been funds Canadian Heritage’sof Canada Music Fund. as well astwo theDepartment of components contributions from private radio broadcasters music industry. Thefoundation administers the growth anddevelopment theCanadian of is dedicated to providing assistance toward As aprivate non-profit organization, FACTOR industry. industry. musicindependent Canadian to help sustain and grow the financial assistance offered sources of significant most in 1982 and is one of the Recordings, was founded TalentAssisting Canadian on FACTOR, Foundation the About the Foundation success stories. success contributions theyhave created many so verycan be proudthat through theirgenerous and internationally andFACTOR’s sponsors abundance talent of competing nationally into theinternational arena. Canada hasan andmusic entrepreneursartists to progress many facetssupports theinfrastructure of for internationally, fundingisavailable. FACTOR orshowcasealbum, andtour domestically or recording, market andpromote anexisting to record ademo, length sound afull Canada Music Fund Music Canada of public-privateof cooperation. We cultural aunique of initiative are apart proud to that be isamodel private radio broadcasters. Foryears, we 25 FACTOR’s annual budget isderived from two million through two components: two through million In 2014–15, FACTOR administered $8.5 of CanadianHeritageof through theCanada Music Fund,andCanada’s government andprivately Works Musical New organizations; and managers, andother associations recordto artists, labels, artist provides abroad range support of New Musical Works (NMW) which = Our Funding Partners Music Fund. Music Funded by Canada -sourced funds.

have administered federal sources: the Department sources: theDepartment Initiatives Collective music ondigitalplatforms. and tools for marketing Canadian initiatives, international showcases award shows, educational Canadian music industrythrough and showcase thebroader initiatives that develop, promote provides financialassistance for Collective Initiatives (CI), which = Music Fund. Music Funded by Canada 15

FACTOR 2014–2015 16 FACTOR 2014–2015 Development Content Canadian contributions: $12 million. There of are two types totalling nearly broadcasters radio from Canada’s contributions private FACTOR’s budget from came In 2014–15, the of majority (CRTC). and Communications Commission by theCanadianRadio-Television This requirement isadministered for play oncommercial airwaves. development Canadianmusic of a financial contribution toward the commercial radio broadcasters make ThisrequiresAct. that private throughproducts TheBroadcasting and promotion Canadiancultural of commitment to thedevelopment (CCD), along-running of federal ispart Canadian Content Development = Our Funding Partners Radio Funded by Benefits (transaction) Tangible Musicaction. directedmust be to FACTOR or 1.5% the committed amount, thetransactionof to CCD. Of commit at least 6% thevalue of or acquire broadcast assetsmust radio stations wishing to purchase Policy requires that commercial theCommercial of Radio as part Tangible (transaction) Benefits, = Radio Funded by broadcaster contributions: broadcaster that are funded entirely through programs and one component FACTOR proudly offers three programs. Recording Marketing and &Promotion for FACTOR Funded Sound Recordings Comprehensive Artist, Comprehensive Music Company, Juried Sound RadioThe Marketing Fund is administered via components in Our Funding Partners Sponsorship Funded Non-FACTOR M&P Artist Comprehensive on page 47.on page ProgramSee Description on page 40.on page ProgramSee Description on page 56.on page ProgramSee Description 17

FACTOR 2014–2015 18 FACTOR 2014–2015 excludes any Tangible Benefits, or Over and Above contributions. Above and Over or Tangible any Benefits, excludes $1,250,000. exceed revenues total whose This licensees for English-language is calculated to FACTORcontribution in2014–2015. contribution CCD basic note: mandatory the Please CCD basic the paid who inCanada broadcasters radio represents visualization This Contributing Radio Broadcasters My Broadcasting Independent Golden West Jim Pattison Bell Media Blackburn Maritime Bayshore Harvard Satellite Newcap Fabmar Evanov Rawlco Acadia Larche Rogers Corus Vista 0

Contributing Radio Broadcasters Number ofStations Stations by OwnerStations Broadcast Sirius Canada Inc, Canadian Satellite Group Inc and Stingray Digital Group. This visualization does not include the following satellite radio broacasters: 10 20 30 40 50

60 70 80 19

FACTOR 2014–2015 20 FACTOR 2014–2015 Expenditures Revenue $1,738,532 Administrative Expenses $1,939,828 Administrative Expenses $2,173,448 Administrative Expenses Financial Results Canada’s broadcasters radio private $17,621,402 2013/2014 $19,186,362 2014/2015 $16,538,687 2012/2013 Canada’s broadcasters radio private Canada’s broadcasters radio private $11,109,437 $11,943,935 $14,131,561

Loans and Grants $14,800,155 Loans and Grants Loans and Grants $15,681,574 Canada MusicCanada Fund $16,629,202 Canada MusicCanada Fund $8,433,847 $8,500,601 Canada MusicCanada Fund $8,500,601 FACTOR’s 2014–2015 In expenditures spent in $19,186,362with $22,632,16 was revenue Financial Results $17,096,526 $383,711 $2,173,448 $16,629,203 $373,233 $14,131,561 $8,500,601 Offered in loans and grants and in loans Offered In loan repayments loan In broadcasters radio Canada’s private from contributions In Fund Music Canada the through Heritage Canadian of Department the from contributions In Paid out to Regional Affiliates Regional to out Paid Expenses Administrative In grants and loans in out Paid

21

FACTOR 2014–2015 22 Juries FACTOR relies on the participation of members of the Canadian music scene to help assess projects through FACTOR’s Demo Program and Juried Sound Recording Program.

FACTOR jurors are volunteer Our jurors include artists, producers, artist members of the Canadian music industry. managers, agents, promoters, record labels, Their knowledge, expertise, and ability publishers, publicists, radio DJs and to interpret the current music landscape journalists. in Canada makes them qualified to help FACTOR decide which applications are best Juried assessments draw on the range and suited for funding. diversity of the Canadian music industry and help FACTOR funding reach every corner FACTOR jurors are valued for their of Canada, across a spectrum of genres. We FACTOR 2014-2015 FACTOR experience and areas of specialty, believe that peer evaluation ensures a fair including genres, industry, and artistic and and transparent process and promotes professional focus. appropriate representation for all provinces and musical genres.

Who Is HowInterested in becoming a Juror? Email our Jury Supervisor at [email protected] Eligible Do the

toMusic be industry a professionals JuriesJuries are held three times a our system at their own are eligible to become year, after the Deadlines convenience and participate for the Demo and Juried in our review process. jurors if: Sound Recording programs. Jurors are responsible 1. They are a Canadian Jurors can participate in for listening to the Juror?Citizen or a Permanent Work?as many juries as they like, assessment tracks and Resident provided there exists no reviewing the support potential conflict of interest, material, scoring the 2. They have a minimum and the Juror is sufficiently submission, providing of five years of music familiar with the genre objective and constructive industry experience, and and geographical region of comments, and making the application. a recommendation for or have been active in Our remote, online against the funding of the industry within the system enables jurors across a specific project. last two years. the country to log in to Number of Jurors by Province 23

11 75 53 Yukon British Columbia Alberta 11 jurors 75 jurors 53 jurors

24 60 218 Saskatchewan Manitoba Ontario 24 jurors 60 jurors 218 jurors FACTOR 2014-2015 FACTOR

45 10 19 Québec Newfoundland New Brunswick 45 jurors and Labrador 19 jurors 10 jurors

Scale 15 34 20 Jurors 10 Jurors Prince Edward Island Nova Scotia 5 Jurors 15 jurors 34 jurors 24 Aaron Bethune BC Brent Nielsen SK Dan Ball BC George Radutu ON Jim Montgomery ON Aaron Little ON Brett Greene ON Dan Hawie ON Georges Couling BC Jinting Zhao AB Aaron Morris ON Brian Boechler SK Dan Lavoie ON Gerald Coleman AB Jocelyn Chan ON Aaron Saloman QC Brigitte Demeter BC Dan Sheinberg BC Gerald Reilly SK Jodie Borle MB Aaron Scholz SK Brooke Daye ON Dan Yaremko BC Gerry Hebert AB Joe Cruz BC Aaron Schubert BC Bruce Leperre MB Daniel Boeckner CAL Gilles Fournier MB Joe Oliva ON Adam Berger ON Bruce Morel NS Daniel Wolovick NFLD Gina Loes BC Joel Baskin ON Adam Hannibal MB Bruno Fruscalzo BC Danny Schur MB Gino Olivieri QC Joel Graham SK Adam Hurstfield BC Bryan Columbus ON Darrek Anderson AB Glen Deveau NB Joelle May AB Adam Leon ON Bryan Martin QC Darwin Baker MB Glen Erickson AB John A. Sorensen ON Adrian Carr QC Bryce Seefieldt ON Dave Blake QC Glen Strickey PEI John Clarke NFLD Aimee Hill AB Bucky Driedger MB David Aide AB Glen Tilley NFLD John Cornell ON Al Chapman AB Caitlin Veitch QC David Christensen NS Glen Willows BC John Drew Munro QC Alan Cross ON Calum Slingerland ON David Cox ON Glenn Pardy NFLD John Dunham AB Alan Dowling PEI Cameron Noyes AB David Marskell ON Grant Paley ON John Fettes SK Alka Sharma ON Candace Shaw ON David Miskimins ON Greg Jarvis ON John Hartman ON Allan Mamaril ON Carla McEwen SK David Moore NS Greg McIntosh ON John Kendle MB Allan Walsh ON Caroline Whalen NS David Parfit BC Gregg Bolger AB John Parker NS Allegra Young ON Carolyn Mill BC David Rashed PEI Hannah Crook ON John Pearce ON Allison Kwan AB Carrie Mullings ON David Yazbeck ON Haviah Mighty ON John Shields BC Alysha Main ON Casey Mecija ON Dawn Woroniuk SK Heather Crane ON Johnny Oliver PEI Alyssa Delbaere-Sawchuk ON Casey Norman MB Dean Stairs NFLD Heather Gardner ON Jon Bartlett ON Amalia Nickel BC Cat Bird ON Deb Beaton-Smith BC Heather Kelly ON Jon Weisz QC Amanda Langton ON Catherine MacLellan PEI Denis Arsenault NB Hiroshi Koshiyama MB Jonathan Bunce ON Amanda Martinez ON Catherine Moore NY Derek Brin ON Howard Redekopp BC Jonathan Marshall NFLD Amanda Schweers BC Catherine Taddo ON Derek DiFilippo BC Ian Boyd ON Jon-Rhys Evenchick ON Amanda Tosoff ON Cathleen McMahon BC Derek Mason BC Ian Gosbee NS Jordan Howard ON Amanda VanDenBrock ON Cathy Porter NS Devin Latimer MB Irma MacPherson AB Jordan Safer ON Amber Goodwyn SK Chantel Emond MB Diane Foy ON Isis Graham AB Josee Vaillancourt MB Amie Therrien ON Charles Hansen PEI Didier Delahaye YT Jacinthe Pare QC Joseph Peloquin-Hopfner MB Andrea Higgins ON Charles Hsuen NS Dinah Desrochers BC Jack Jonasson MB Josh Keller BC Andrea MacNevin NB Charles Morgan ON Don Chapman NS Jamie Robinson NS Josh Pothier ON FACTOR 2014-2015 FACTOR Andrew Gillis NS Charlie Andrews ON Doug Kuss AB Janesta Boudreau NS Julia Chan QC Andrew Melzer PEI Chic Callas YT Doug Organ AB Janet Trecarten MB Julia Ryckman MB Andrew Yankiwski MB Chris Bolseng AB Douglas Bedard ON Jared McKetiak MB Julian Wolansky BC Andy Crosbie ON Chris Cuber QC Douglas Romanow ON Jason Bruce NS Kalie Malinka BC Andy Harbinson ON Chris Donnelly ON Duane Gibson ON Jason MacIsaac NS Karl Schwonik AB Angela Harris BC Chris Graham ON Dulce Barbosa ON Jason Mingo NS Kate Ferris MB Angele Ramsden QC Chris Hiebert MB Dustin Hawthorne ON Jason Rouleau BC Kate Wattie BC Anita Maiezza QC Chris McKee ON Dwayne Ellis NS Jason Troock AB Katherine Moller NB Anna Avery YT Chris Morin SK Dylan Kell-Kirkman QC Jason Wellwood ON Kathleen Lonergan ON Anne-Marie Smith ON Chris Roumbanis PEI Dylan Willows BC JC Campbell MB Kathrine Weiss ON Anthony Carvalho MB Chris Wardman ON Eileen Joyce Harvey NS Jeanette Stewart SK Kathryn Kerr MB Ariane Mahryke Lemire AB Chris Wares QC Elgin-Skye McLaren BC Jean-Guy Roy MB Keith Price MB Art Szabo BC Christian Hurst ON Eli Klein ON Jean-Philippe Lavoie ON Keith Whiting ON Ashton Ehnes BC Christopher White ON Elinor Frey QC Jeff Rogers ON Kennedy Jenson AB Ashwin Sood BC Christopher Wilkinson NS Elizabeth Curry SK Jeffrey Patteson MB Kenny Huynh MB Ava Kay ON Chuck Teed NB Emilie Morneau QC Jen Clarke UK Keri Latimer MB Ben Beveridge SK Cindy Mcleod AB Emily Millard BC Jen Fox ON Kevin Lynn ON Ben Graham ON Claire Findlay ON Erien Eady-Ward NS Jen Fritz BC Kim Bingham FR Benjamin Dietschi ON Clinton Carew AB Erikson Herman ON Jen Rogers ON Kim Logue ON Bernard Cormier NB Colette Chand BC Erin Carroll ON Jenn Sookdeo ON Kim Ruger AB Bert Johnson QC Colin Mackenzie QC Erin Kinghorn ON Jennifer Hyland ON Kinsey Posen MB Beth Moore ON Colin McKay NS Erin Ross QC Jenny Henkelman MB Kodi Hutchinson AB Bethany Fulde NS Colleen Krueger AB Eusebio Lopez-Aguilar MB Jennyfer Brickenden NS Konrad Skorupa ON Bill Borgwardt AB Conrad Gryba BC Evan Thompson SK Jeremy Olson SK Krisjan Leslie NFLD Bill McBirnie ON Cori Brewster AB Evan Tighe QC Jerry Pergolesi ON Krista Holmes ON Billy Bruhmuller ON Craig Cardiff ON Ewa Dembek YT Jessa Runciman ON Krista Keough NS Blaine Johnson ON Craig Hudson NB Fawn Fritzen YT Jesse Steaman ON Krys Tennant MB Blair Patton ON Crissi Cochrane ON Fawwaz Alladin ON Jesse Weeks ON Kyle Brenders ON Blake Gabriel ON Curtis Nowosad MB Flo Oramasionwu MB Jessica Buck ON Kyle Kraft BC Bonnie McGrew BC Cynthia MacLeod PEI Florian Maier MB Jessica Charlton AB Kyria Kilakos QC Brenda Lee Katerenchuk YT D.Jae Gold ON Frank Deresti ON Jessica David ON Lanny Williamson AB Brendan Biddulph SK Dalton Higgins ON Gardiner MacNeill PEI Jim Gelcer ON Laura Cappe ON Alphabetical Alphabetical of Jurors List 25 Lee Mizzi ON Michael Gorman ON Ray Martin MB Sima Shamsi QC Lee Park QC Michael Greenwood ON Réa Beaumont ON Spencer Kuziw QC Les Henderson ON Michael Greggs ON Renata Mills BC Spencer Mussellam ON Liam Killeen ON Michael Morreale ON Rhea March AB Stacie Dunlop ON Liam Titcomb ON Michael Nowak BC Rhonda Head MB Stefano Galante QC Linda McRae TEN Michel Durand-Wood MB Rhonda Thompson MB Stephane Moraille QC Lindsay Dworkin ON Michelle Puska ON Rich Stenson AB Stephen Clarke YT Lindsey Walker AB Michelle Robertson NFLD Richard Fenton ON Steve Dodd AB Lisa Ioannou ON Mickey Quase NS Richard Fernandes ON Steve Kraus ON Lisa Ross YT Mike Cashin BC Richard Hornsby NB Steve Kravac BC Lloyd Doyle PEI Mike Magee QC Richard Korbyl AB Steve Schutz BC Lloyd Peterson MB Mike Renaud ON Richard Liukko AB Steven Fernandez ON Lori Hirst ON Mike Ritchie NS Rick August SK Steven Foster ON Lorraine Lawson ON Mike Southworth BC Rick Lee BC Steven Gardiner ON Luis Cardona MB Mishelle Pack ON Rick Levine ON Steven Naylor NS Lynn Johnston ON Mitchell Webb AB Rik Reese NB Steven Smith BC Lynne Skromeda MB Monica Pearce ON Rob Krause MB Sue Urquhart PEI Maggie Tate AB Morgan Hamill MB Rob Smith AB Sunny Diamonds ON Malcolm Aiken BC Murray Lightburn QC Robert Pattee BC T. Carrabre MB Manuel Cuevas BC Murray Munn YT Robert Teehan ON Tanya Derksen MB Manuela Wuthrich AB Myles Deck ON Robert Wood BC Tanya Gallant PEI Mar Sellars ON Nancy Marley QC Romi Mayes MB Tara McCarthy YT Marc Cyr NS Natalia Pardalis BC Ron Irving BC Tara Muldoon ON Marc Donato ON Natalia Yanchak QC Ron Korb ON Taron Cochrane SK Marc Nadjiwan Merilainen ON Natasha Duprey BC Ron Rogers ON Tenille Goodspeed NS Margaret Dinsdale ON Natasha Jay BC Ross Burns NS Terry Parker NB Marie-Claude McDonald MB Nathalie Gingras QC Ruth Blakely AB Terry Tran AB Marie-Josée Dandeneau MB Nathan Down AB Ryan MacGrath AUS Terry Whalen NB Marie-Laure Saidani QC Nathan Jones NB Ryan Mennie AB Tim Des Islets ON Marina Seretis BC Neil Bergen SK Ryan Nolan ON Tim Fraser ON Mark Bragg NFLD Nicholas Williams ON Ryan Stinson SK Tim Jones MB Mark Bridgeman BC Nick Dugas NS Sally Norris ON Tim van de Ven QC FACTOR 2014-2015 FACTOR Mark Watson ON Nicole Leger NB Sam Smith MB Timothy Eccles ON Martin Bak ON Nigel Berringer BC Samantha Everts ON Timothy Jones ON Marty Ballentyne SK Nils Ling PEI Samantha Slattery ON Tina Jones BC Mary Ellen Gillespie ON Oswald Burke ON Sarah Van Dusen AB TJ Blair MB Maryanne Gibson AB Ozan Boz ON Scott Brown NB Todd Macdonald ON Mary-Jane Russell ON Ozgu Ozman ON Scott Johnson BC Tolulope Olumide ON Mathieu-Gilles Lanciault QC Pamela Roz MB Scott Merrifield ON Tom Cochrane NFLD Matt Davis ON Pat Sandrin QC Scott Waring ON Tom McKillip BC Matt Foy ON Patricia Pavey SK Sean Barette ON Troy Bynoe ON Matt Gauthier ON Patricia Silver ON Sean Bray ON Tyler Johnson BC Matt Lewis ON Patrick Baillargeon QC Sean Koch ON Tyson Yerex BC Matt McKeage YT Patrick Geraghty BC Sean McManus MB Vanessa Azzoli ON Matthew Fava ON Paul Galati QC Sean Moreira ON Vel Omazic ON Matthew Fisher ON Paul Goguen NB Sean Perras ON Veronica Charnley ON Matthew Hiscock QC Paul Hessey ON Serge Samson NS Veronica Johnny ON Maud Salvi AB Paul Hinrichs BC Serge Sargento ON Veronique Dault ON Maureen Prairie ON Paul Leclair ON Serge Sloimovits ON Vic Desanlis QC Max Merrifield ON Paula Danylevich ON Shad Bassett AB Vicky Rogers AB Maxwell Roach ON Paula Perri ON Shameer Punjani BC Victor Guidera BC Megan Bradfield BC Pedro Barbosa QC Shane Ward MB Victor Mijares ON Meghan Scott NS Peter Hicks NB Shannon Luttmer BC Victoria Shepherd ON Melanie Laquerre ON Peter Katz ON Shannon Pratt PEI Vince Aquilina ON Melanie Stone NS Peter Linseman ON Shauna Powers SK Vincenzo Maccarone ON Melissa Kaminsky MB PHAT T al ON Shawn Bostick NB Wanda Milne NS Melissa Larkin ON Philip Brown NB Shawn Cole BC Wayne Cochrane ON Melissa Mowat BC Philip May ON Shawna Caspi ON William Petrie ON Melissa Spence MB Pierre-Luc Durand QC Shawna Cooper ON Yolande Bourgeois NB Mia Rankin TEN Prashant Michael John AB Shaynee Modien SK Zachary Lober QC Michael Boyle AB Promise Shepherd ON Shelley Wright ON Michael Burke BC Rachel Therrien QC Shena Yoshida BC Michael Elves MB Ralph Alfonso QC Shuyler Jansen BC Michael Falk MB Randy Stark TEN Sierra Jamerson AB In 2014-2015, FACTOR received 4,611 applications to all components. 2,463 of these were offered funding, totaling $17,096,525.63 Components Include 27 $3,843,791 $4,095,187

Soundfunded through our Songwr- Live funded Per through our- Live iter’s Workshop, Demo, Performance, Juried Sound Juried Sound Recordings, Recording, Comprehensive Comprehensive Artist Artist, Comprehensive Music Recordingsand Comprehensive Music formanceCompany, Marketing and Company programs; Promotion for Non-FACTOR -funded Sound Recordings and Marketing and Promotion for FACTOR-funded Sound Recordings programs; $4,349,099 $895,996

Marketingfunded through our Videofunded through our Video, Juried Sound Recording, Juried Sound Recording, Comprehensive Artist, Comprehensive Artist, Comprehensive Music Comprehensive Music Company, Radio Marketing Company, Marketing Fund, Marketing and Promotion and Promotion for Non- for Non-FACTOR-funded Sound FACTOR-funded Sound Recordings and Marketing and Recordings and Marketing

Promotion for FACTOR-funded and Promotion for FACTOR- 2014-2015 FACTOR Sound Recordings programs; funded Sound Recordings programs; $1,126,135 $316,500

Industryfunded through our Business Sponsor- Development and Business Travel programs; Support ships

$2,469,818 Collective Initiatives 28 Applications Approved By Genre (%) 2012–2013 2013–2014 Applications Approved by Genre (%) 2014–2015

Sub. Appr. % 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

Folk 405 227 56.0%

Rock 513 216 42.1%

Alternative 417 205 49.1%

Popular 418 176 42.1%

Hip Hop 252 106 42.1%

Country 196 96 49.0%

Roots 130 81 62.3%

Electronica 130 61 46.9%

Jazz 111 56 50.5%

Blues 56 45 80.4%

Soul/R&B 110 45 40.9%

Punk 60 41 68.3% FACTOR 2014-2015 FACTOR Adult Contemporary 99 37 37.4%

World 47 23 48.9%

Heavy Metal 38 20 52.6%

Classical 33 17 51.5%

Experimental 29 9 31.0%

Hard Rock 24 6 25.0%

Dance 29 5 17.2%

Specialized 13 5 38.5%

Traditional 6 5 83.3%

Urban 26 5 19.23%

Aboriginal 6 4 66.6%

Children’s 7 2 28.6%

Christian Rock 10 2 20.0%

Reggae 12 2 16.7%

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Funding Offered By Genre (%) 29 2012–2013 2013–2014 Funding Offered by Genre (%) 2014–2015

$ offered 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

Alternative $1,958,089.19

Rock $1,906,368.30

Pop $1,659,237.14

Folk $1,588,937.43

Hip Hop $973,580.50

Country $962,139.30

Roots $616,096.91

Jazz $571,943.00

Punk $480,498.18

Electronica $463,250.31

Blues $395,268.77

Soul/R&B $317,955.00 FACTOR 2014-2015 FACTOR Adult Contemporary $313,750.00

Heavy Metal $288,462.84

World $207,134.82

Classical $136,542.00

Hard Rock $71,931.81

Experimental $62,787.88

Specialized $62,669.00

Aboriginal $46,418.00

Reggae $35,000.00

Christian Rock $19,984.00

Urban $7,357.46

Traditional $6,819.00

Dance $6,650.00

Children's $6,403.00

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Funding Offered By Genre (%) 29 30 Applications Approved By Region (%) 2012–2013 2013–2014 Funding Offered by Genre (%) 2014–2015 Unique Projects Submitted and Approved by Province

$ offered 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Alberta British Columbia Apps Submitted Alternative $1,958,089.19 Manitoba Apps Approved New Brunswick Rock $1,906,368.30 Newfoundland and Labrador NWT & Nunavut Pop $1,659,237.14 Nova Scotia Ontario Folk $1,588,937.43 Prince Edward Island Québec Hip Hop $973,580.50 Saskatchewan Yukon Country $962,139.30 Other Roots 0 200 400 600 800 1000 2000 $616,096.91

Jazz $571,943.00

Punk $480,498.18

Electronica As of July 1 2014, the combined populations of $463,250.31

Blues $395,268.77 Newfoundland and Labrador, PEI, Nova Scotia and New

Soul/R&B $317,955.00 Brunswick (“the east”) represented 6.7% of the national FACTOR 2014-2015 FACTOR Adult Contemporary $313,750.00 population; Quebec represented 23.1%; Ontario represented Heavy Metal $288,462.84

World 38.5%; Manitoba, Saskatchewan, Alberta and British $207,134.82

Classical $136,542.00 Columbia (“the west”) represented a combined 31.4%; and

Hard Rock $71,931.81 Nunavut, NWT and the Yukon represented 0.3% Experimental $62,787.88 Source: http://statcan.gc.ca/tables-tableaux/sum-som/101/cst01/demo02-eng.htm

Specialized $62,669.00

Aboriginal $46,418.00

Reggae $35,000.00 The concentration of Canada’s population across Christian Rock $19,984.00

Urban these categories is presented for comparative purposes, $7,357.46

Traditional $6,819.00 has been normalized into percentages to enable

Dance $6,650.00 clearer reading Application rates and funding offered to Children's $6,403.00 applicants across these regions.

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Funding Offered By Region (%) 31 34 Success Stories

2012–2013 2013–2014 Jess Applications Approved by Region (%) 2014–2015

% approved / received 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

Ontario 50% 1124/2244 Moskaluke West 52.7% 711/1347

Québec 60% 402/660 With a record-breaking East 64.2% 185/288 single, a new lip gloss line, and multiple accolades including her first JUNO (2015) 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% nominations for Country Album of the Year The percentage values that appear in Applications Approved by Region are calculated by dividing the number and Breakthrough Artist of the Year, Jess of approved applications by the number received. Moskaluke is dazzling the Canadian country music world. Her rapidly growing fan base is evident, with a collective online following in the tens of millions; she received her 2012–2013 official Silver Play Button YouTube award 2013–2014 2014-2015 FACTOR for breaking 100,000 subscribers. Jess Funding Offered by Region (% of yearly total) 2014–2015 won her first 2014 CCMA award for Female $ offered 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Artist of the Year. Her single, “Cheap

Ontario Wine and Cigarettes”, quickly became the $8,404,001 highest charting song on the iTunes top 200 West $4,376,186 singles chart for any Canadian artist. Her Québec $2,982,929 10-track album Light Up The Night, also

East achieved GOLD record status in August $1,168,042 2014; becoming the first Canadian female

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% solo country artist since Shania Twain to surpass 40,000 downloads for a song. These The percentage values that appear in Funding Offered by Region are calculated by dividing the amount achievements would not have been possible offered per region by the combined amounts offered across all regions. without the support of FACTOR throughout her budding career. Jess recently wrapped her first Canadian tour, opening for Chad Brownlee on his 2015 When The Lights Go Down Tour. Female Artist of the Year CCMA Awards 2014 32 Project Overview – Applications Sound Recordings Live Performances: Live Performances: Marketing Radio Video Industry Support Collective Initiatives 580 Approved Tour Support Showcase 277 Approved Marketing Fund 108 Approved 521 Approved 84 Approved 365 Approved 465 Approved 17 Approved

130 23 2 91 6 22 54 9 Juried Sound Juried Sound Juried Sound Juried Sound Juried Sound Juried Sound Business Digital Marketing Recording Recording Recording Recording Recording Recording Development

305 251 434 18 467 32 Demo Live Performance Live Performance Video Business Travel Industry Events

92 29 15 81 3 27 20 Comprehensive Comprehensive Comprehensive Comprehensive Comprehensive Comprehensive Official Language Music Company Music Company Music Company Music Company Music Company Music Company Minority Communities

Comprehensive 33 29 1 31 1 15 23 Comprehensive Comprehensive Comprehensive Comprehensive Comprehensive Arti Showcase Production Artist Artist Artist Artist Artist st for Export Ready Artists

20 24 9 55 7 23 Songwriter’s Marketing & Marketing & Marketing & Marketing & Marketing & Sponsorships Workshop Support Promotion FFSR Promotion FFSR Promotion FFSR Promotion FFSR Promotion FFSR 46 Approved

Approved

9 4 19 3 Components Marketing & Marketing & Marketing & Marketing & Promotion non-FFSR Promotion non-FFSR Promotion non-FFSR Promotion non-FFSR 125+

100 – 124

75 – 99

50 – 74

25 – 49

Programs Funded 0 – 24 Components Project Overview – Funding 33 Sound Recordings Live Performances: Live Performances: Marketing Radio Marketing Fund Video Industry Support Collective Initiatives $3,843,790.82 Tour Support Showcase $4,265,119.09 $83,979.96 $895,995.88 $1,126,134.69 $2,469,818.09 $3,480,782.22 $614,404.88

$1,325,687 $173,697 $3,300 $989,307 $29,695 $96,377 $450,661 $456,337 Business Digital Marketing Juried Sound Juried Sound Juried Sound Juried Sound Juried Sound Juried Sound Development Recording Recording Recording Recording Recording Recording

$452,202 $2,699,244 $572,766 $111,484 $675,473 $1,366,600 Demo Live Performance Live Performance Video Business Travel Industry Events

$1,274,216 $230,186 $19,541 $1,231,427 $15,00 $268,862 $392,000 Comprehensive Music Comprehensive Music Comprehensive Music Comprehensive Music Comprehensive Music Comprehensive Music Official Language Company Company Company Company Company Company Minority Communities

$777,170 $175,977 $1659 $898,625 $5,00 $202,132 $354,880 Comprehensive Artist Comprehensive Artist Comprehensive Artist Comprehensive Artist Comprehensive Artist Comprehensive Artist Showcase Production for Export Ready Artists

$14,515 $135,950 $12,307 $856,834 $34,284 $194,929 Songwriter’s Workshop Marketing & Promotion FFSR Marketing & Promotion FFSR Marketing & Promotion FFSR Marketing & Promotion FFSR Marketing & Promotion FFSR Sponsorships Support $316,500

Amount $65,725 $4,830 $288,915 $22,210 Marketing & Promotion Marketing & Promotion Marketing & Promotion Marketing & Promotion Offered non-FFSR non-FFSR non-FFSR non-FFSR 1MIL+

850K – 1MIL

600K – 850K

350K – 600K

Programs Funded 100K – 350K Components 0 – 100K 34 Success Stories Jess Moskaluke

With a record-breaking single, a new lip gloss line, and multiple accolades including her first JUNO (2015) nominations for Country Album of the Year and Breakthrough Artist of the Year, Jess Moskaluke is dazzling the Canadian country music world. Her rapidly growing fan base is evident, with a collective online following in the tens of millions; she received her official Silver Play Button YouTube award FACTOR 2014-2015 FACTOR for breaking 100,000 subscribers. Jess won her first 2014 CCMA award for Female Artist of the Year. Her single, “Cheap Wine and Cigarettes”, quickly became the highest charting song on the iTunes top 200 singles chart for any Canadian artist. Her 10-track album Light Up The Night, also achieved GOLD record status in August 2014; becoming the first Canadian female solo country artist since Shania Twain to surpass 40,000 downloads for a song. These achievements would not have been possible without the support of FACTOR throughout her budding career. Jess recently wrapped her first Canadian tour, opening for Chad Brownlee on his 2015 When The Lights Go Down Tour. Female Artist of the Year CCMA Awards 2014 Success Stories 35 Owen Pallett

What’s left to do when you’ve already won the Polaris Prize and been nominated for an Oscar? If you’re Owen Pallett, it’s to continue making and sharing beautiful and complex music. Owen released his fourth album, In Conflict this year to critical acclaim. This album was funded by FACTOR and features some vocal and instrumental contributions from Brian Eno. The album was shortlisted for the Polaris Prize, his Vu Brian Photo: third album to be shortlisted for the award. This year, Owen played violin on albums for Caribou and Foxes in Fiction, and toured in Canada, the 2014-2015 FACTOR US, Europe, the UK, and Japan. Cold Specks

Following the release of the FACTOR- funded album Neuroplasticity it has been an eventful year for Cold Specks. She received worldwide critical acclaim and high profile features in publications like the LA Times, The Wall Street Journal and many other notable “year-end” lists. Cold Specks even graced the cover of the WSJ Arena section, in addition to receiving a full- page feature in November. Neuroplasticity’s live campaign started in May 2014, here in Canada at Massey Hall as part of the Massey Hall Presents series. After completing a world map of tours she ended this fiscal year supporting Sufjan Stevens on select North American dates. Gullick Steve Photo: 36 Success Stories Alvvays

It’s hard to believe that it’s been less than a year since Alvvays released

their first record. Their self-titled debut, Lainez Photo:Shervin produced by Chad VanGaalen and funded by FACTOR, came out in July on Royal Mountain Records and continues to receive great critical reviews, strong sales and radio airplay. Alvvays and their record received Juno nominations for Breakthrough Group of the Year, and Alternative Album of the Year. Their song, “Archie, Marry Me” debuted at #1 on American College Radio chart (CMJ) and they’ve been featured in major publications and sites like Rolling Stone, Pitchfork, NME and Exclaim. Alvvays toured as FACTOR 2014-2015 FACTOR headliners on sold out tours throughout North America, the UK, and Europe and are still on the road, performing at major spring and summer festivals around the world. Jenn Grant If she hadn’t already, in 2015 Jenn Grant has arrived. This year, Jenn’s album, Compostela got her Juno nominations for Adult Alternative Album of the Year, and for Songwriter of the Year, FACTOR have been integral in helping to fund her touring to support this campaign. She also received nominations for East Coast Music Association Pop Recording of the Year, Song of the Year, and Fans’ Choice Entertainer of the Year for the FACTOR-Funded 2014 EP Clairvoyant. This PEI-native brings east coast charm and beauty into every song she sings. Success Stories 37

Tanya Polaris Music Prize Tagaq Polaris Music Prize

With her unique style of throat singing, Tagaq is taking the world by storm. In September, she won the Polaris Prize for her album Animism, taking Pushing the home $30,000. Animism also won a Juno for Aboriginal Album of the Year, and a Canadian Folk Music Award for “Pushing the Boundaries Canadian Folk Music Awards Boundaries.” Tanya has been featured in The New York Times, Rolling Stone, and joined Alvvays on NPR’s “The Austin 100” in advance of her performance at SXSW. Since her Polaris win, she has played shows in various Canadian 2014-2015 FACTOR and American cities, continuing on to Europe in the spring. Tanya’s work is daring and political, dealing with issues like colonialism. In a recent interview, Tanya thanked FACTOR and other music funders for allowing her to “stick to her guns” and not compromise her musical style.

Aboriginal Album of the Year JUNO Awards 38 Success Stories Nikki Yanofsky

In 2014, Nikki had her highest album debut with her sophomore release Little Secret, entering the Canadian Album Chart at #4. Executive produced by music legend Quincy Jones, Little Secret combines pop-song structures with sophisticated harmonies, club-ready beats, and punchy big-band horns. Little Secret’s first two hit singles “Something New” and “Necessary Evil” have earned her huge acclaim globally including appearances on Dancing with the Stars and CBS’ The Talk. More recently, Little Secret was certified FACTOR 2014-2015 FACTOR gold in Canada and received a Juno nomination for Pop Album of the Year. Nikki is currently in the studio with Wyclef Jean, working on her 3rd studio album for A440 Entertainment, which is also supported by the generous partnership with FACTOR, The Canada Music Fund and Canada’s private radio broadcasters. Success Stories 39 Chad Brownlee

An award-winning singer, songwriter, philanthropist, and former NHL draft pick, country music artist Chad Brownlee’s dynamic career continues to erupt on the Canadian music scene. Over the last few years Brownlee has received critical acclaim and numerous accolades including a highly coveted 2014 JUNO nomination for Country Album of the Year, and consecutive Canadian CCMA Award nominations for Male Artist of the Year nominations. His vast discography reflects a solid body of work, 2014-2015 FACTOR including the albums Love Me or Leave Me, and his most recent release The Fighters, which was created with the incredible support of FACTOR. Through FACTOR’s patronage to aid in production, marketing, advertising and promotion, in recent years Chad’s singles have rapidly climbed the country music charts, with multiple singles cracking the ‘top 10’. His latest album features the award winning track “Just Because” for which Brownlee and his fellow co-writers received the 2014 British Columbia Country Music Association Socan Songwriter of the Year Award. 40 Program Descriptions $450,661 Business offered 6 54 provinces/ projects Developmentterritories approved

supports the program

The Business Development program Funding for the Business offers funding support to Canadian music Development program is companies for non-artist-specific infrastructure provided by Canada’s private radio broadcasters and by costs and brand development. Funding provided the Department of Canadian through this program supports corporate Heritage through the New Musical Works component of development activities such as increasing web the Canada Music Fund. FACTOR 2014-2015 FACTOR and social media outreach and strengthening brand image domestically and globally. Photo: Chris Smith Chris Photo:

Amount Requested / Offered ($) Business Development 0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 Projects Submitted / Approved Business Development 0 10 20 30 40 50 60 70 80 Program Descriptions 41 $675,473 Business offered 8 467 provinces/ components Travel territories approved

supports the program

The Business Travel program supports Canadian music companies by Funding for the Business assisting with the cost of domestic and Travel program is provided international business travel to industry by Canada’s private radio broadcasters and by the events, in addition to costs associated with Department of Canadian such events (such as promotional materials and Heritage through the New Musical Works component of activities connected to event attendance). the Canada Music Fund. FACTOR 2014-2015 FACTOR Photo: Katie Preacher Katie Photo:

Amount Requested / Offered ($) Business Travel 0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 Components Submitted / Approved Business Travel 0 100 200 300 400 500 600 42 Program Descriptions $2,060,564 Comprehensiveoffered 7 33 Artist provinces/territories new sound recordings

supports the program

The Comprehensive Artist program is composed of 5 unique components: Sound The Comprehensive Artist Recording, Marketing, Showcase, Tour program receives funding exclusively from Canada’s Support, and Video. Through this program, private radio broadcasters. FACTOR funds a portion of the cost of recording or acquiring a new, previously unreleased sound recording, and assists FACTOR 2014-2015 FACTOR with the cost of releasing, marketing, and promoting that sound recording. The Comprehensive Artist program is tailored to artists with demonstrated commercial success (rated 3 or higher) and Canadian record labels.

Amount Requested / Offered ($)

Sound Recording

Marketing

Radio Marketing

Showcase

Tour Support

Video 0 300,000 600,000 900,000 1,200,000 1,500,000 Components Submitted / Approved

Sound Recording

Marketing

Radio Marketing

Showcase

Tour Support

Video 0 10 20 30 40 50 Program Descriptions 43 $1,274,216 Comprehensiveoffered 6 92 provinces/ sound Music Companyterritories recordings

supports the program

The Comprehensive Music Company program offers funding support to help Canadian The Comprehensive Music music companies subsidize the production, Company program is acquisition or marketing and promotion of a new, supported by funding from Canada’s private radio unreleased full-length sound recording. Under broadcasters and by the the Comprehensive Music Company program, Department of Heritage, through the New Musical eligible Canadian record labels can apply to 5 Works component of the Components: Sound Recording, Marketing, Canada Music Fund. 2014-2015 FACTOR Showcase, Tour Support, and Video.

Amount Requested / Offered ($)

Sound Recording

Marketing

Radio Marketing

Showcase

Tour Support

Video 0 400,000 800,000 1,200,000 1,600,000 2,000,000 Components Submitted / Approved

Sound Recording

Marketing

Radio Marketing

Showcase

Tour Support

Video 0 15 30 45 60 75 90 105 120 44 Program Descriptions $452,202 Demo offered 11 305 provinces/ Demo Sound territories Recordings

The Demo program subsidizes the production of a high-quality, professional sound recording that may be used as a demo, supports the program or released commercially. The Demo program is one of two juried sound recording programs offered by FACTOR. All successful applications Funding for Demo program is to the Demo program were reviewed and provided by Canada’s private assessed by a jury of leading Canadian music radio broadcasters and by the Department of Canadian industry professionals, who made funding Heritage through the New recommendations to FACTOR’s Board of Musical Works component of the Canada Music Fund. Directors based on the artistic merit and FACTOR 2014-2015 FACTOR commercial potential of submitted materials. Photo: Chris Smith Chris Photo:

Amount Requested / Offered ($)

Demo 0 300,000 600,000 900,000 1,200,000 1,500,000 Components Submitted / Approved

Demo 0 200 400 600 800 1,000 Program Descriptions 45 $2,618,066 Juried Soundoffered 9 130 The Juried Sound Recording (JSR) program provinces new sound Recording recordings supports the recording, production, and dissemination of a new, full-length sound recording through 5 components: Sound Recording, Marketing, Tour Support, Showcase, and Video. While the Sound supports the program Recording component is mandatory for every application, applicants may also apply for funding through the remaining components Funding for Juried Sound to assist with the costs of marketing and Recording Program is provided by Canada’s private promoting a project. radio broadcasters and by the Department of Canadian Heritage through the New The JSR is one of FACTOR’s juried programs. Musical Works Component All JSR applications are evaluated by a of the Canada Music Fund. jury of leading Canadian music industry 2014-2015 FACTOR professionals. Jury members assess the artistic merit and commercial potential of potential projects before making recommendations to the FACTOR Board of Directors, who grant final funding approval.

Amount Requested / Offered ($)

Sound Recording

Marketing

Radio Marketing

Showcase

Tour Support

Video 0 500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 9,000,000 Components Submitted / Approved

Sound Recording

Marketing

Radio Marketing

Showcase

Tour Support

Video

0 50 100 150 200 250 300 950 46 Program Descriptions $3,272,011 Live offered 12 682 provinces/ components Performanceterritories approved

supports the program

Through the Live Performance program, Canadian artists can apply for funding The Live Performance to support domestic or international industry program is supported by showcase appearances and tours in support of funding from Canada’s private radio broadcasters and current or forthcoming qualifying releases. by the Department of Canadian Heritage, through the New Musical Works Component of the Canada

FACTOR 2014-2015 FACTOR Music Fund. Photo: Chris Smith Chris Photo:

Amount Requested / Offered ($)

Showcase

Tour Support 0 500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 3,500,000 4,000,000 Components Submitted / Approved

Showcase

Tour Support 0 150 300 450 600 750 Funded FACTOR- Promotion for Marketing & phased outthisprogramphased onMarch 2015. 31st, Recording Sound Program). FACTORArtist RecordingSound Programs, andtheEmerging Approval Recording Sound Program, Juried the previous suite programs of (Direct Board recordings that were funded by FACTOR under providessound to continuing financial support FACTOR-Funded Recordings Sound program Radio Marketing Radio Marketing Tour Support Tour Support Marketing Marketing Showcase Showcase Video Video 0 0 The Marketing andPromotionfor Program Descriptions Components Approved / Submitted Amount Requested /Offered ($) 500,000 30 1,000,000 60 Canada Music Fund. Music Canada Works Component of the through New Musical the Department of Heritage, radio broadcasters and by provided by Canada’s private Funding for this program is 6 $1,234,315 1,500,000 supports the program the supports territories provinces/ offered 90

2,000,000 120 75 approved components 2,500,000 150 47

FACTOR 2014–2015 48 FACTOR 2014–2015 Funded Non-FACTOR- Promotion for Marketing & There are Marketing four Components: Sales Threshold(s): success, defined by the followingQualifying recording withdemonstrated commercial and promote aqualifying Canadiansound program providesto market financial support Non-FACTOR-Funded Recordings Sound Showcase, Tour Support Tour Support Tour Support Marketing Showcase Showcase Video Video 0 0 The Marketing andPromotionfor Program Descriptions Amount Requested /Offered ($) 5 100,000 , andVideo. 10 , 200,000 15 radio broadcasters. radio provided by Canada’s private Funding for this program is Children’s, Specialized, Experimental, Metal, Heavy Punk Aboriginal, World, Classical, Urban, Hip Hop, Jazz, Reggae, Electronica, Soul/R&B Country, Roots, Folk, Blues, Traditional, Dance, Christian Rock, Hard Rock Pop, Rock, Adult Contemporary, Alternative, Genre 5 $381,680 300,000 territories provinces/ offered supports the program the supports *AND/OR Have asong on aTop 40 BDS Radio Chart 20

400,000 25 500,000 30 QST units* 2000 2000 3500 3500 1500 Workshop Support Support Workshop ’s Songwriter Workshop Support Workshop Support songwriting songwriters withthecost travel of related to program assists professional Canadian Songwriter’s Songwriter’s 0 0 The Songwriter’s Workshop Support

Program Descriptions Projects SubmittedProjects /Approved Amount Requested / Offered ($) workshops andseminars. 5 5,000 10 10,000

15 Fund. Heri of the Department of Musical Works Component broadcasters and the New by This Program is funded 3 $14,515 Canada’s private radio tage’s Canada Music 20 15,000 supports the program the supports territories provinces/ offered

25 20,000 20 30 approved projects 25,000 35 49

FACTOR 2014–2015 50 FACTOR 2014–2015 Video support of a qualifying sound recording. aqualifying of sound support an original music of videothe production in andrecordassistance to artists labels for Video Video 0 The Video program offers financial 0 Program Descriptions Components Approved / Submitted Amount Requested /Offered ($) 100,000 10 200,000 20 the Canada Music Fund. Canada the Works Component of through the New Musical the Department of Heritage broadcasters and by by Canada’s private radio This program is funded 4 $111,484 300,000 territories provinces/ offered supports the program the supports 30

400,000 40 18

Photo Aviva Cohen approved components 500,000 50 Sponsorship before being approved.before being andrelatedindustry impactandscope, details, nature operations, of budget framework, submit aproposal, indicating thepurpose, Applicants to theSponsorship program must not fall under FACTOR’s existing programs. fall under FACTOR’s fundingmandate, butdo FACTOR to initiatives offers support that Sponsorship Sponsorship Through theSponsorship program, 0 0 Amount Requested / Offered ($) Program Descriptions Projects SubmittedProjects /Approved 20 150,000 40 300,000 60 13 $316,500 broadcasters by Canada’s private radio is exclusively funded The Sponsorship program 450,000 supports the program the supports territories provinces/ offered 80

600,000 100 45 approved projects 750,000 120

Photo: Tiana Feng 51

FACTOR 2014–2015 52 FACTOR 2014–2015 $5,000 Avg. $5,000 Sponsorships per Province per Sponsorships Province NWT Québec Alberta Manitoba Columbia British Ontario $5,000 1 Project NWT

NB $9,333 Avg. Sponsorships Province per $7,722 Avg.

NS $139,000 18 Projects Ontario $28,000 3 Projects Québec $5,000 Avg. $5,000 1 Projects 1 Projects 3 Project 2 Projects 6 Projects 9 Projects 18 # Projects $5,000 Avg. $5,000 $5,000 1 Project NL

$5,000 1 Projects YT $ Offered $139,000 $30,000 $54,500 $38,500 $28,000 $5,000 $6,055 Avg. $ Average $15,000 $5,000 $6,055 $9,333 $54,500 9 Projects BC $15,000 Avg. $15,000 $7,722 $6,417

$30,000 2 Projects Alberta Province PEI &SK New Brunswick Nova Scotia Newfoundland Yukon Nunavut

$5,000 Avg. $5,000 $6,417 Avg.

$38,500 6 Projects MN $5,000 1 Projects NU # Projects 0 Projects 0 Project 1 Projects 2 Project 1 Project 1 Project 1 per province per amount offered per project out to show the average figures have averaged been for sponsorships. These projects, offering $315,500 This year, FACTOR funded 45

$ Offered $5,000 $5,000 $5,000 $3,500 $1,000 $0

$ Average $5,000 $5,000 $5,000 $3,500 $1,000 $0

Initiatives Collective different projects andactivities. four each components, encompassing arange of music entrepreneurs. Theprogram includes and multiple of potential Canadianartists and international profile and commercial digital projects which increase thenational innovative,supports and educational, export Export Ready Ready Export Ready Export Marketing Marketing Industry Industry Digital Digital Events Events Artists Artists OLMC OLMC OLMC

The Collective Initiatives program 0 0

Program Descriptions Components Approved / Submitted Amount Requested /Offered ($) 10 500,000 20

1,000,000 , 30 radio broadcasters. radio and from Canada’s private the Canada Music Fund, Initiatives Component of funding from the Department Initiatives program receives FACTOR’s Collective 9 $2,469,818 through the Collective through Collective the Heritage Canadian of supports the program the supports territories provinces/ offered 40

1,500,000 ,

50 84 Initiatives Collective 2,000,000 , 60

53

FACTOR 2014–2015 54 FACTOR 2014–2015 Explosion Halifax Pop in the national global and marketplace. towards the success of Canadian artists music and entrepreneurs shows. Successful must demonstrate projects strategic value subsidizing music conferences, initiatives, educational award and opportunities for Canadian artists music and entrepreneurs by This component the supports creation of market development sessions. through workshops, keynotes andnetworking andbusiness developmenton export skills in theindustry. The music conference focused acts, andhow to increase female participation programming onHipHop, DJs focused +EDM The 2014 conference and Industry Events Industry Collective Initiatives Nova Scotia Nova $30,000 location offered

Photo: David Kenney Rifflandia at local, regional, local, at national, international or events. in (OLMC-eligible) Quebec to alarger audience through appearances producing music showcases that expose Anglophone artists residing This component is intended to assist with the costs of organizing and Victoria, BC. BC. Victoria, Alexbeautiful Goolden Performance Hall in Half ashowcase Moon Run performed at the Mozart’s Sister, TheFranklin Electric, and With FACTORWith OLMC acts support, Official Language Official MinorityCommunities Showcase Production for from Artists Collective Initiatives Columbia British $20,000 location offered

Photo: Foxx Foto 55

FACTOR 2014–2015 56 Collective Initiatives Digital Marketing

This Digital Marketing component is intended to fund projects that improve the accessibility of Canadian music on digital platforms, and to develop the infrastructure and capacity of Canadian digital music markets. This component focuses its funding in four areas that include: digital tools that help artists commercialize, events that connect artists with music tech companies, initiatives that support production of high-quality digital marketing collateral, and online hubs that promote the discovery and purchasing of records by Canadian artists.

Hipster Bait$50,000 offered

FACTOR 2014–2015 FACTOR Hipster Bait is a rock & roll music discovery game which uses physical cassette recordings, an HTML5 web application, interactive maps, geocaching and QR code British technology, which converge to create a modern musical treasure hunt. Columbia location One Net Marketing agency Collective Initiatives 57 POP-Up POP POP M for Concerts Montréal @ Montréal Montreal Video SXSW Series QC $50,000 QC $50,000 QC $27,000 QC $17,500

Helped produce showcases The 2014 M for Montreal Pop Montreal curated Supported a new short form for 130 OLMC for 25 buyers’ program included two showcases at SXSW digital video series, entitled international delegates and showcases for 44 OLMC featuring 7 Montreal The POP-Up Concerts fea- 10 international journalists. artists. Anglophone artists including turing 15 OLMC artists. So Called, Will Butler, Look Vibrant, Country.

Société des Emerging May Run Arts Libres Music Music Halifax Pop et Actuels Festival Festival Explosion @ Cartel

QC $13,000 QC $35,000 PEI $10,000 NS $10,000 2014–2015 FACTOR

FACTOR funding provided The Emerging Music Festival A new folk, bluegrass, Factor funding supported 11 showcase opportunities for provided performance country, pop, rock, OLMC acts including Brave 12 OLMC acts at three events opportunities for 16 OLMC electronica, blues, jazz and Radar, Freelove Fenner, during Cartel MTL, a new artists at this primarily- classical festival established Kurvi Tasch, Solids, Technical music curators conference. Francophone festival in by Music PEI. OLMC artists, Kidman, Dead Horse Beats, Rouyn-Noranda, QC. It was Stars, Plants and Animals Hand Cream, Cold Specks, attended by 35 Canadian and Nortre Dame de Grass Sheer Agony, Maica Mia and and European buyers. showcased. Mozarts Sister.

Winter Head- Canadian quarters / Mundial Music Week Folk Music Quartiers Montreal Inc. Canada d’hiver QC $14,000 QC $12,000 ON $40,000 ON $14,500

Provided performance Mundial Montreal, a hub Assisted with showcase Folk Music Canada produced opportunities for 12 OLMC for the World Music production for OLMC artists showcases for 9 OLMC artists in the French Industry in North America during the Canadian Music artist, targeted at US, UK community of Rouyn- showcased OLMC to 55 Week festival, targetting and Australian delegates in Noranda, QC.D36 buyers from Canada, US, new audiances and industry attendance. and Europe. buyers. 58 FACTOR 2014–2015 OLMC artists. produce ashowcase for 14 FACTOR funding helped QC Western/Northern Canada. communities in Ontario and for 3OLMC artists across 13 Supported fall home tours MN Routes Home emerging talent. both English and French OFFCity Festival, featuring 11th edition of the Quebec 14 OLMC artists to play the at Funding support that allowed QC Festival OFFCity Quebec Musique de Festival Music Shigawake $15,000 $10,000 $20,000 Collective Initiatives Popolo. Cartel MTL and Suoni Per Il Montreal, Pop Montreal, partners including Mfor artist, programmed with showcases for 18OLMC produce 7evening FACTOR funding helped QC artists in NY. (APAP) showcased 2OLMC Perfoming Presenters Arts The Association of QC in NY Montreal Mundial Hall.mance the Alix Goolden Perfor- of the Rifflandia Festivaat OLMC in acts Victoria as part Supported ashowcase for 3 BC Showcase DoxBeat RIDM Festival Rifflandia $20,000 $10,000 $5,000 and music supervisors. agents, booking managers, the US and Europe including with 15invited delegates from as well as networking events opportunities for 9OLMC acts showcase Provided AB Festival Arts Music & Sled Island Music Festival (Rhode Island). and the Rhythm &Roots Alliance event (Catskills, NY) Northeastern Regional Folk Conference (Toronto), the Folkat Music Ontario showcases for OLMC artists Folk Music Canada produced ON Canada Folk Music $9,000 $10,000 Our NAB includes: Music Association. andtheCanadianIndependent Association, Forum, theCanadianMusic Publishers – today, thisincludes theMusic Managers bring together regional industry associations The NAB was established in1992 asameans to through ourNational Board Advisory (NAB). Canadian music industry, andwe achieve this We are committed to working closely withthe network. West Territories) to ourregional MIApartner our network by adding Music NWT(North corners thecountry. of Further, we expanded and current FACTOR-funded inall artists individually met withhundreds prospective Charlottetown. Through events, these we have members inMontreal, Calgary, Victoria, and (MIAs) to hold “townhall” meetings for their with several music industryassociations by NorthEast inToronto, andpartnered during CanadianMusic Week andNorth We FACTOR operated adrop-in lounge CMJ (New York), andMIDEM (Cannes). industry events like SXSW (Austin), (Cornerbrook). We attended also international West andMusic (Winnipeg), NLWeek like theOVO Summit(Toronto), Breakout panels across thecountry aton 28 events In 2014-2015, FACTOR sat In the Community Regional Education Coordinators (RECs): throughout theregions withthehelp our of FACTOR’s programming ispromoted them the best intheirfuturethem thebest endeavours. for theirhard work thispastyear, andwe wish (Music PEI) andMike Filipowich (Music NWT) FACTOR would like to thankMike Carver Jean Surette,Jean Moncton, NB Kelly,Lorna Saskatoon, SK Jennifer McKerral, Sudbury, ON Kim Beggs, Whitehorse, YT Savannah Wellman, Vancouver, BC NS Simpson, Halifax, Laura Jennifer Winsor, St. John’s, NL Klassen,Carly Edmonton, AB Rachel Stone, Winnipeg, MB QC Montreal, Battle, Shevaughn 59

FACTOR 2014–2015 60 FACTOR 2014–2015 Calgary, AB BC Whistler, Fredericton, NBFredericton, Hamilton, ON Hamilton, Charlottetown, PEI Outreach EventOutreach In the Community Toronto, ON Banff, AB BC Victoria, Industry Event Halifax, NS Austin, TX Princeton, BC Princeton, & Industry Event EventBoth Outreach Winnipeg, MB Rouen, QC Cannes, France Cannes, Cornerbrook, NL Edmonton, AB Ottawa, ON Ottawa, Charlottetown, PEI Montreal, QC Gold Digital Download Digital Gold Guaranteed Satisfaction Alyssa Reid Gold Digital Download Digital Gold Higher Classified Digital Certification Digital Download Digital Gold This Is Best The USS Gold Fix Me Marianas Trench

Certifications Record Certification Record Gold Jazz Bossa Nova EandBet. Stef Downloads Gold and Platinum Digital Stutter Marianas Trench Downloads Gold and Platinum Digital Chills Down Webster With

Platinum Download Digital 3 Foot Tall Classified Gold Wrote Love Somebody Canyon George Gold Secret Little Nikki Yanofsky Platinum Certification Gold Certification

Gold Classified Classified Gold Digital Download Digital Gold By Now Marianas Trench Double Platinum CanadianThe Tenors CanadianThe Tenors 61

FACTOR 2014–2015 62 FACTOR 2014–2015 Awards Music Country Canadian Awards Music FolkCanadian Awards MusicCanadian Western Prize Polaris Music Awards Music Radio Canadian Awards Heatseeker Award AWARD Female Artist of the Year Roots Artist of the Year AWARD Boundaries Pushing the New/Emerging Artist of the Year Instrumental Solo Artist of the Year of the Year Contemporary Singer Contemporary Album of the Year AWARD Songwriter of the Year Roots Solo Recording of the Year Rock Recording of the Year Rap/Hip Hop Recording of the Year Pop Recording of the Year Independent Album of the Year Electronic/Dance Recording of the Year RecordingCountry of the Year AWARD Polaris Music Prize Polaris AWARD Prairieography Barber,Del “Big Smoke” from Barber,Del Prairieography Said the Whale, Hawaii Shad, Flying Colours Imaginary Cities, Fall of Romance Royal Canoe, Today We’re Believers Pigeon Hole, Chimp Blood Codie Prevost, All Kinds of Crazy AND ALBUM ARTIST Down With Webster With Down ARTIST Jess Moskaluke Lindi Ortega ARTIST Tanya Tagaq, Animism LoveliesGood The Bros. Landreth, It Let Lie Jayme Stone, The Other Side of Air Andersen,Matt Weightless Still Move On Dance Floors The Strumbellas, The Strumbellas, We AND ALBUM ARTIST Tanya Tagaq, Animism AND ALBUM ARTIST

Indie Awards Indie AwardsJUNO Awards Jazz Artist/Group or Duo of the Year Year Soul/R&B Artist/Group or Duo of the Year the Punk/Hardcore Artist/Group or Duo of Pop Artist/Group or Duo of the Year Year Folk/Roots Artist/Group or Duo of the Year Children’s Artist/Group or Duo of the YearAritst Blues Artist/Group or Duo of the Year Artist/GroupAlternative or Duo of the Collaboration of the Year Must Follow Artist of the Year Female Artist of the Year AWARD Recording Package of the Year Recording Engineer of the Year Group Roots &Traditional Album of the Year: Solo Roots &Traditional Album of the Year: Aboriginal Album of the Year Classical Composition of the Year Jazz Album of the Year Vocal Jazz Album of the Year Year the AlbumAlternative of Artist of the Year AWARD

for Steve Bell, Pilgrimage Roberta Hansen and Mike Latschislaw Ghosts Eric Ratz for “Ghosts” from Big Wreck, The Bros. Landreth, It Let Lie Catherine MacLelland, The Raven’s Sun Tanya Tagaq, Animism Brian Current, Airline Icarus Jane Bunnett and Maqueque, ST Diana Panton, Red July Talk, July Talk The Weeknd, Kiss Land AND ALBUM ARTIST Colin Stetson Chloe Charles PUP Fast Romantics The Strumbellas Splash’N Boots MonkeyJunk Talk July Classified feat. DavidMyles Born Ruffians Basia Bulat AND ALBUM ARTIST

63

FACTOR 2014–2015 64 FACTOR 2014–2015 Music Awards Music Coast East Awards Event of the Year Pop Recording OfThe Year Group Recording OfThe Year Folk Recording OfThe Year Album OfThe Year African-Canadian Recording OfThe Year AWARD Halifax Pop Explosion Mo Kenney, Mo Kenney Seinn JaneMary Lamond &Wendy MacIsaac, Old Man Luedecke, Tender Is The Night Old Man Luedecke, Tender Is The Night J-Bru, Stranger In Hometown My AND ALBUM ARTIST Manitoba Columbia British Alberta Newfoundland and Labrador and Newfoundland New Brunswick Nunavut* Nova Scotia Northwest Territories* Ontario Yukon Island Edward Prince Other Saskatchewan Québec Applicant’s Province Year-End Snapshot Submitted Projects Projects 3954 1956 545 225 678 185 167 35 32 24 67 18 18 3 1 Components Components Submitted 2244 4611 660 203 202 275 797 20 42 26 29 37 72 3 1 Approved Projects Projects 2118 990 358 108 318 110 110 42 22 15 16 13 12 3 1 Components Components Approved 2463 1124 402 130 416 134 118 43 23 18 18 14 19 3 1 Requested from $16,494,443.79 $33,184,915.85 $5,325,487.09 $5,224,182.41 $1,720,144.52 $1,323,139.94 $1,837,170.04 $305,636.32 $352,978.64 $227,901.74 $114,284.67 $10,000.00 Submitted $85,010.94 $157,115.75 $7,420.00 Amount $17,096,525.63 $2,982,929.87 $2,605,861.43 $8,404,001.91 $896,063.82 $795,589.32 $165,366.44 $779,547.63 $121,935.63 $47,454.88 $135,312.51 $78,896.19 $5,000.00 $71,146.00 $7,420.00 Offered Amount 65

FACTOR 2014–2015 66 Year-End Snapshot

Projects Components Projects Components Amount Requested Primary Genre Submitted Submitted Approved Approved from Submitted Amount Offered

Aboriginal 6 8 4 5 $75,797.00 $46,418.00 Adult Contemporary 99 106 37 41 $693,636.00 $313,750.00 Alternative 417 488 205 242 $3,746,248.58 $1,958,089.19 Blues 56 66 45 54 $448,949.43 $395,268.77 Children's 7 8 2 2 $43,767.63 $6,403.00 Christian Rock 10 13 2 2 $63,657.26 $19,984.00 Classical 33 35 17 18 $260,324.11 $136,542.00 Country 196 244 96 129 $1,731,018.29 $962,139.30 Dance 29 31 5 5 $158,949.88 $6,650.00 Electronica 130 145 61 64 $1,033,124.43 $463,250.31 Experimental 29 33 9 10 $150,057.17 $62,787.88 Folk 405 487 227 281 $3,053,037.13 $1,588,937.43 Hard Rock 24 35 6 7 $293,221.16 $71,931.81

FACTOR 2014-2015 FACTOR Heavy Metal 38 44 20 24 $508,034.78 $288,462.84 Hip Hop 252 285 106 110 $2,118,527.18 $973,580.50 Jazz 111 130 56 68 $1,165,467.24 $571,943.00 Pop 418 503 176 216 $3,748,835.05 $1,659,237.14 Punk 60 75 41 53 $686,006.74 $480,498.18 Reggae 12 15 2 3 $90,826.09 $35,000.00 Rock 513 608 216 267 $4,000,388.59 $1,906,368.30 Roots 130 157 81 96 $1,148,574.95 $616,096.91 Soul/R&B 110 121 45 48 $811,232.54 $317,955.00 Specialized 13 17 5 7 $180,060.00 $62,669.00 Traditional 6 6 5 5 $7,715.68 $6,819.00 Urban 26 27 5 5 $101,877.75 $7,357.46 World 47 53 23 29 $338,785.88 $207,134.82

3177 3740 1497 1791 $26,658,120.54 $13,165,273.84 Funded Sound Recordings Marketing &Promotion for Non-FACTOR Funded Sound Recordings Marketing &Promotion for FACTOR Juried Sound Recording Artist Comprehensive MARKETING Comprehensive Music Company Comprehensive Funded Sound Recordings Marketing &Promotion for Non-FACTOR Funded Sound Recordings Marketing &Promotion for FACTOR Artist Comprehensive Live Performance Live Juried Sound Recording Music Company Comprehensive TOUR SUPPORT Songwriter's Workshop Juried Sound Recording Sound Recordings Sound Marketing &Promotion for Non-FACTOR Funded Performance Live Juried Sound Recording Music Company Comprehensive Artist Comprehensive SHOWCASE Demo Sound Recordings Sound Marketing &Promotion for FACTOR Funded Music Company Comprehensive Artist Comprehensive RECORDINGS SOUND Year-End Snapshot Components Components Submitted 2049 1076 454 302 566 232 945 913 30 20 45 35 35 30 30 66 35 35 111 16 91 14 12 14 2 Components Approved (expressed in Canadian dollars) in Canadian (expressed 830 580 305 434 130 251 277 23 20 29 29 24 55 33 92 15 91 81 19 31 9 4 9 2 1

Requested from from Requested $5,442,007.04 $13,050,156.91 $1,486,290.04 $3,567,456.63 $6,712,264.65 $1,078,894.26 $2,731,349.26 $1,305,108.75 $8,842,797.16 $1,693,951.55 $1,185,283.13 $1,003,015.11 $244,788.36 $248,196.50 $221,609.52 $793,529.97 $203,134.18 $412,715.98 $89,350.63 $24,725.00 $22,338.75 Submitted Submitted $23,016.32 $13,413.75 $4,140.00 $9,323.75 Amount $3,843,790.82 $2,699,244.96 $1,325,687.54 $4,095,187.10 $4,265,119.09 $1,274,216.24 $1,231,427.57 $452,202.03 $856,843.83 $898,625.28 $989,307.38 $288,915.03 $230,186.46 $135,950.38 $572,766.88 $777,170.00 $173,697.56 $65,725.25 $175,977.61 $4,830.00 $3,300.00 $19,541.83 $12,307.12 $14,515.01 $1,659.05 Offered Amount 67

FACTOR 2014–2015 68 FACTOR 2014–2015 TOTAL OFFERS Showcase Production for Export Ready Artists Digital Marketing COLLECTIVE INITIATIVES Sponsorships SPONSORSHIPS Official Language Minority Communities Showcase Production for Artists from Industry Events Funded Sound Recordings Marketing &Promotion for FACTOR Juried Sound Recording Comprehensive Music Company Comprehensive Artist Comprehensive RADIO MARKETING FUND Business Travel Business Development INDUSTRY SUPPORT Program Video Funded Sound Recordings Marketing &Promotion for FACTOR Juried Sound Recording Music Company Comprehensive Artist Comprehensive VIDEO Funded Sound Recordings Marketing &Promotion for Non-FACTOR Year-End Snapshot Components Components Submitted 4611 585 641 126 175 45 58 56 23 33 36 32 24 67 27 10 18 21 8 3 2 7 Components Approved (expressed in Canadian dollars) in Canadian (expressed 2463 467 108 521 20 46 54 84 23 23 32 22 27 18 15 17 3 3 9 6 7 1

Requested from from Requested $33,184,915.85 $4,293,059.96 $1,022,854.51 $2,110,529.43 $1,537,770.03 $1,371,337.26 $280,086.25 $652,320.38 $665,069.00 $320,022.97 $314,040.88 $735,642.87 $794,567.28 $143,496.95 $38,300.00 $514,915.52 $268,377.17 $10,000.00 $113,251.00 $15,000.00 Submitted Submitted $49,951.00 $45,313.04 Amount $17,096,525.63 $1,366,600.00 $2,469,818.09 $1,126,134.69 $268,862.00 $392,000.00 $354,880.59 $895,995.88 $202,132.00 $316,500.00 $675,473.44 $450,661.25 $356,337.50 $194,929.94 $111,484.00 $34,284.00 $22,210.00 $15,000.00 $29,695.96 $96,377.94 $83,979.96 $5,000.00 Offered Amount

— Recordings Talent on Assisting Canadian Foundation (expressed in Canadian dollars) March 31, 2015 Financial Statements 69

FACTOR 2014-20152014–2015 PWC 70 FACTOR 2014–2015 PWC Auditor’s Report Independent statements are free from material misstatement. tothe audit obtain reasonable assurance aboutwhether thefinancial require that we comply withethical requirements andplan andperform Canadian generally accepted standards. auditing standards Those We onouraudits. based conductedinaccordance ouraudits with Our responsibility isto express financialstatements anopiniononthese todue fraud orerror. financial statements that are free from material misstatement, whether as management determines isnecessary to enable thepreparation of standards for not-for-profit organizations, and for such internal control financialstatements these of inaccordance withCanadianaccounting Management isresponsible for thepreparation andfair presentation information.Management’s responsibility for thefinancialstatements a summarysignificant of accountingpolicies andother explanatory cash flows for the years ended, andthe related notes, which comprise andthestatements operations, of 2014 changes31, innet assetsand the statementsposition as financial of at and March31, 2015 March Foundation Assisting CanadianTalent onRecordings, which comprise We have audited theaccompanying financialstatementsof The Management’s responsibility for the financial statements Talent on Recordings To Foundation the Board The of Directors of Assisting Canadian Management’s responsibility for the financial statements

Auditor’s Report Independent Licensed Public Accountants Public Licensed Accountants, Professional Chartered organizations. in accordance withCanadianaccounting standards fornot-for-profit the results itsoperations of anditscash flows for the years thenended Talent onRecordings asat March 2015, andMarch 31, 2014 31, and respects,positionof the thefinancial Foundation Assisting Canadian thefinancialstatementsIn ouropinion, present fairly, inallmaterial sufficientappropriate and to provide abasisaudit opinion. forour We believe that evidence theaudit we have obtainedis inouraudits the financialstatements. made byaswell management, asevaluating theoverall presentation of andthereasonablenessaccounting policies used accounting of estimates internal control. includes also Anaudit evaluating theappropriateness of expressing of anopinionontheeffectivenesspurpose of theentity’s procedures that are appropriate inthecircumstances, butnotfor the and fair presentation thefinancialstatements of inorder to design audit auditor considers internal control relevant to theentity’s preparation whether to due fraud orerror. risk the Inmakingthose assessments, therisksof material of misstatement thefinancialstatements, of selected ontheauditor’s depend including theassessment judgment, the amountsanddisclosures inthefinancialstatements. Theprocedures involvesAn audit procedures performing to evidence obtain audit about Assisting Talent Canadian on Recordings To the Board of Directors of The Foundation Opinion

71

FACTOR 2014-20152014–2015 PWC 72 FACTOR 2014–2015 PWC Net assets Accounts payable and accrued Current liabilities LIABILITIES 4) (note and equipment Property Investments (note 8) (note Commitments 5) (note Intangible assets Other assets Short-term investments 6) (note receivable Accounts Cash and cash equivalents Current assets ASSETS liabilities (note 7) (note liabilities Statement of Financial Position Financial of Statement

Assisting Talent Canadian on Recordings Approved by the of Board Directors of The Foundation (unrestricted) 1,389,522 1,531,475 1,531,475 1,531,475 500,000 General 823,103 166,281 141,953 42,091 fund $ fund – – –

Capital asset 604,285 604,285 604,285 188,244 Director 416,041 fund $ fund – – – – – – – Director Restricted reserve reserve Restricted 43,640,388 43,640,388 43,640,388 43,640,388 (expressed in Canadian dollars) in Canadian (expressed fund $ fund – – – – – – – – 43,640,388 45,634,195 45,776,148 45,776,148 1,531,475 500,000 188,244 823,103 416,041 166,281 141,953 Total $ 42,091 2015 34,782,218 37,951,026 2,622,402 38,111,585 38,111,585 1,355,252 1,017,578 204,980 489,868 160,559 217,097 44,592 Total $ 2014 and equipment and property of Depreciation investments on Change in unrealized gain over expenditures for the year Excess (deficiency) of revenue assets Amortization of intangible Loans and awards (schedule 2) Expenditures Revenue (schedule 1) (schedule 3) expenses Administrative Investment income Investment following the before expenditures Excess of revenue over Statement of Operations Statement (unrestricted) 22,632,162 18,701,369 16,639,681 3,930,793 2,061,688 3,974,115 General 43,322 43,322 fund $ fund – – –

Capital asset (75,632) (111,760) (111,760) (36,128) fund $ fund – – – – – – – Restricted reserve reserve Restricted (expressed in Canadian dollars) in Canadian (expressed 3,820,814 3,820,814 3,712,963 107,851 fund $ fund – – – – – – – 22,632,162 18,701,369 16,639,681 3,930,793 3,756,285 2,061,688 3,752,376 7,683,169 (75,632) (36,128) 107,851 Total $ 2015 20,444,536 15,681,574 17,621,401 5,279,449 2,456,314 2,823,135 1,639,089 1,939,827 (43,400) (89,450) 950,075 Total $ 2014 73

FACTOR 2014-20152014–2015 PWC 74 FACTOR 2014–2015 PWC Balance -End year of Interfund transfers (note 9) over expenditures for the year Excess (deficiency) of revenue Balance -Beginning year of Statement of Changes in Net Assets Net in Changes of Statement (unrestricted) (5,046,436) 2,461,843 1,389,522 3,974,115 General fund $ fund

Capital asset 604,285 706,965 (111,760) fund $ fund 9,080 Restricted reserve reserve Restricted 43,640,388 34,782,218 5,037,356 3,820,814 (expressed in Canadian dollars) in Canadian (expressed fund $ fund 45,634,195 37,951,026 7,683,169 Total $ 2015 – 37,951,026 32,671,577 5,279,449 Total $ 2014 – Excess of revenue over expenditures for the year Operating activities PROVIDEDCASH BY (USED IN) Depreciation of property and equipment Adjustments for non-cash items Amortization of intangible assets Accounts receivable Changes in non-cash working capital items Change in unrealized gain on investments Other assets Other Realized gains on investments Purchase of investments Investing activities Accounts payable and liabilities accrued Sale of investments Purchase of property and equipment Purchase of intangible assets Decrease inDecrease cash and cash equivalents during the year Cash andCash cash equivalents -End year of andCash cash equivalents -Beginning year of General fund General andCash cash equivalents are allocated asfollows Cash andCash cash equivalents comprise Cash equivalents Statement of Cash Flows Cash of Statement (expressed in Canadian dollars) in Canadian (expressed (12,000,000) (4,528,858) (3,712,963) 7,480,222 3,996,709 1,355,252 7,683,169 (532,149) 3,974,115 (107,851) (18,606) 823,103 823,103 823,103 823,103 38,699 Total $ 75,632 (1,805) 36,128 (7,275) 2015 2,501 – (2,049,602) (8,857,259) (1,639,089) (1,081,459) 6,982,295 2,956,827 5,279,449 1,355,252 1,355,252 1,355,252 1,355,252 (160,853) 2,691,751 448,027 907,225 312,866 (13,785) (72,071) 43,400 89,450 Total $ 24,281 2014 75 –

FACTOR 2014-20152014–2015 PWC 76 FACTOR 2014–2015 PWC Notes to Financial Statements toNotes Financial position or thestatementsposition operations, of changes innet assets These financialstatementsThese are prepared inaccordanceASNPO. with accountingpolicies of significant 3. Summary and cash flows. Foundation any hasnotutilized transitional exemptions ontheadoption and retrospectively policieshadalways asifthese The ineffect. been policies selected under thisframework have applied consistently been byissued theCanadianAccounting Standards Board. Theaccounting accounting standards for not-for-profit organizations (ASNPO) as Effective the 2012, April 1, Foundation elected to adopt Canadian not-for-profit organizations Adoption2. accounting of Canadian standards for for-profit organization andtherefore isnot subject to income taxes Pursuant to theIncome Tax Act (Canada), FACTOR isclassified asanot- industry. distributed by FACTOR to individuals andgroups intheCanadianmusic contributions received from Canada’s private radio industryare likewise extension obtained untilMarch hasbeen 2020. 31, Financial Government Canada of expired onMarch andacontract 2015 31, and Collective Initiatives programs. Thecurrent contract withthe CanadianHeritage’s of under theDepartment New Musical Works funds, pursuant to agreements withtheGovernment Canada, of promote FACTOR andfoster Canadiantalent. receives anddisburses individuals andgroups inthemusic recording industryinorder to FACTOR provides fundingby way loans of andgrants to Canadian share capital onJune 17, under theCanada CorporationsAct. 1982, the Foundation) was incorporated as anot-for-profit organization without The Foundation Assisting CanadianTalent onRecordings (FACTOR or 1. General of ASNPO.of There were to noadjustments thestatements finan of (expressed in Canadian dollars) in Canadian (expressed

. cial

of disposition andtherelatedof depreciation assets. these of The capital asset fundrecords capital asset purchases andproceeds investment income earned thereon transfers. after interfund and Government Canada of contributions, loan repayments and activities. The general fundaccounts for theFoundation’s general operating FACTOR follows thedeferral accounting method of for contributions. The significantpolicies are detailed as follows: Cash andcash equivalents include short-term depositswithmaturities unrealized gains (losses)are recognized asrevenue when earned. Investment income including interest,realized gains (losses) and recognized asrevenue astherelated are expenses incurred. thereof isreasonably assured. Restricted contributions are deferred and receivable reasonably iftheamountscan be estimated andcollection Unrestricted contributions are recognized asrevenue when received or directors. theboardof of andisnotavailablepurposes withoutapproval for any otherpurpose investment for operational income. used Thisfundwillnotbe the restricted reserve fundfor long-term investments andrelated During 2014, directors theboardof authorizedthecreation of The net assets represent theaccumulation private surplus of Cash andCash cash equivalents Revenue recognition accounting Fund Notes to Financial Statements toNotes Financial (expressed in Canadian dollars) in Canadian (expressed 77

FACTOR 2014-20152014–2015 PWC 78 FACTOR 2014–2015 PWC Notes to Financial Statements toNotes Financial to generate through andeventual Whena theirdirect use disposition. to the projected future net cash flows the long-lived assetsare expected recoverable. Recoverability by comparing isassessed thecarrying value circumstances indicate thecarrying value theassets may of notbe The Foundation tests for impairmentwhenever events orchanges in sevenof years. inastraight-lineare basis amortized over lives theirestimated useful accu Intangible assetsare recorded inthecapital asset fundat cost less methods andannual rates: over livesand are theirestimated amortized usingthefollowing useful andequipment are recordedProperty inthecapital assetfundat cost the recipient. recorded asarecovery loans of andawards when cash isreceived from whenexpensed the monies are advanced. Repayment loans these is of ultimate of program. collectibility, to theuncertainty Due loans are repaidbe directly from royalty proceeds projects of financed by the promotion andmarketing recordings. those of loans These must to finance costs directly with associated recordings as well asthe producers andrecord to artists, Loans companies are advanced lessof than90 days andare recorded at fair value. qualifying These assets assets These with mulated andinclude amortization developed computer software a finite useful life. The a finiteuseful Foundation has to chosen capitalize LEASEHOLD IMPROVEMENTS LEASEHOLD EQUIPMENT AND FURNITURE EQUIPMENT COMPUTER Impairment long-lived of assets Intangible assets and equipment Property Loans development costs inthestatementsposition. financial of

(expressed in Canadian dollars) in Canadian (expressed straight-line over term of lease 30% –100% declining balance 20% declining balance

period when thereperiod are indications that theassets may impaired. be Financial assets are tested for impairmentat each theendof reporting changes infair value recorded inthestatements operations. of an active market at fair value inthestatementsposition with financial of the reported amounts of revenues amountsof the reported during andexpenses thereport services isnotrecognized inthefinancialstatements. determining thefair valuethecontributed of services, thevalue these of of thedifficulty their timewithoutmonetary of compensation.Because BoardAdvisory and unpaidvolunteers from themusic industrydonate Members FACTOR’s of directors, boardof theNational membersof value exceeds fair value. recoverable, animpairmentloss isrecognized to theextent thecarrying test for impairmentindicates thecarrying valueanasset isnot of related parties. which consideration istheamountof established andagreed to by the Related transactions party are measured at theexchange amount, The Foundation records investments inequity securities that are quoted The Foundation records cash,accounts receivable, short-terminvest funds. pooled of (GICs) withmaturities less of thanoneyear. Investments comprise investmentsShort-term compriseguaranteed investment certificates requires management to make estimates andassumptions that affect The preparation financialstatements of inaccordance ASNPO with period. Actual resultsperiod. coulddiffer from estimates. those and accounts payable cost. liabilities andaccrued at amortized contingent assets andliabilities at thedate thefinancialstatements of assets andliabilities amountsof andthedisclosurereported of Related Parties Financial instruments Use estimates of services Contributed Notes to Financial Statements toNotes Financial (expressed in Canadian dollars) in Canadian (expressed ing ments and the in 79

FACTOR 2014-20152014–2015 PWC 80 FACTOR 2014–2015 PWC Notes to Financial Statements toNotes Financial Accounts receivable comprise thefollowing: 6. Accounts receivable 5. assets Intangible equipment and 4. Property Due from broadcasters from Due Leasehold improvements equipment and Furniture equipment Computer Computer software Computer software Computer Leasehold improvements equipment and Furniture equipment Computer 252,800 684,622 686,427 325,705 249,739 164,097 164,097 329,919 746,816 739,541 Cost Cost Cost Cost 2015 $ $ $ $

(expressed in Canadian dollars) in Canadian (expressed 216 $ Accumulated Accumulated Accumulated Accumulated Accumulated Accumulated amortization amortization amortization amortization 522,444 270,386 558,572 198,842 312,095 185,735 194,754 321,168 38,562 24,614 125,776 $ $ $ $ 2014

$ 489,868 188,244 125,535 139,483 416,041 217,097 64,004 53,958 2014 2014 2015 2015 13,610 8,751 Net Net Net Net $ $ $ $

2014 2015 Accounts payable liabilities andaccrued comprisethefollowing amounts: 7. Accounts payable liabilities accrued and Canada Due from Government of March 2015: 31, The following isthebreakdown theamountsthat of remain outstandingasat made, amountshave these recorded notbeen asliabilities. met conditions must be beforeto such recipients. certain loans Because are 7,360,202 totalling approximately $ As at FACTOR year-end, iscommitted to advancing funds inthefuture 8. Commitments Bonus accrual Vacation accrual Professional fees payable Trade accounts Loans and awards and Loans Notes to Financial Statements toNotes Financial commitment 12,362,154 10,731,649 1,630,505 Initial (2014 -$9,004,341 166,065 141,953 166,281 25,000 55,395 45,061 16,497 2015 $

$ Payment made made Payment 4,169,904 5,001,951 832,047 date to 204,980 160,559 30,000 26,904 55,935 79,204 47,720 $ 2014 ) asloans andawards $ commitment (expressed in Canadian dollars) in Canadian (expressed Remaining Remaining 7,360,203 6,561,745 Balance 798,458 $

81

FACTOR 2014-20152014–2015 PWC 82 FACTOR 2014–2015 PWC Notes to Financial Statements toNotes Financial risk on investments funds isconcentrated held pooled of inaportfolio represents themaximum credit risk exposure. TheFoundation’s credit fail itsobligations. to perform Thecarrying valuefinancialassets of Credit risk to istherisk afinancialinstrumentwill that counterparty the risks investments. withthese associated market risk andcurrency risk. Thefollowing provides anoverview of financial risks, including credit risk, liquidity risk, interest rate risk, The Foundation’s investment activities may itto avariety expose of 10. instruments Financial $2,963,395 56 7,3 the restricted reserve $5,03 fundintheamountof balances theunrestricted of general fundwere transferred to capital assetfundto thegeneral theinvestment fund.Inaddition, During theyear, $9,080 9. Interfund transfers follows: as 2016. Theapproximate future annual minimum leasepayments are committedis also to various operating leases for equipment expiring in to rent of office ten spaceperiod fora years. As at year-end, FACTOR Effective 20, the June 2012, Foundation entered into a agreementlease 2019 and beyond 2019 and 2018 2017 2016 Credit risk Credit Leases ). These transfers). These were approved bydirectors. theboardof (2014 -$174,640 Equipment 8,000 2,000 5,000 1,000 (expressed in Canadian dollars) in Canadian (expressed $ -

) was transferred from the Office Space Office 1,387,000 833,000 182,000 181,000 191,000 $

(2014 -

as theycome due. Thefinancialliabilitiesof FACTOR credit risk isnotsignificant. are from due theGovernment Canada.Therefore, of exposure to marketable of portfolio securities andGICs anditsaccounts receivable entirely withonecounterparty. TheFoundation invests primarily ina comprise 30% of theFoundation’scomprise 30% of investment portfolio. currency risk onitsinvestments in foreign funds, equity which pooled other thantheCanadiandollar. TheFoundation istherefore to exposed invests inequity securities that hold investments priced incurrencies fluctuate to due changes in foreign exchange rates. The Foundation Currency risk istherisk thefair valueafinancialinstrument will of investment portfolio. foreign funds, equity which pooled theFoundation’s of comprise40% to fluctuationsexposed intheyield onitsinvestments inCanadianand will fluctuate to due changes inmarket prices. The Foundation is Market risk istherisk thefuture cash flowsof afinancialinstrument ratevariable debt. Foundation’s investment TheFoundation portfolio. does nothold any investments infixedpooled funds, income which of the comprise 60% to interest rate risk isconcentrated initsinvestments inGICs andits future cash The flowsof afinancialinstrument. Foundation’s exposure affect the fair of fixed securitiesfluctuationsvalue income or in cause Interest rate risk istherisk achange ininterest rates willadversely Therefore, exposure to liquidity risk isnotsignificant. liquid. FACTOR has sufficient funds to settle itscurrent obligations. a secondary market exists funds andthusthese are determined to be FACTOR hasinvested inmarketable securitiesandGICs for which Liquidity risk istherisk FACTOR able willnotbe to meet itsobliga in nature, asallamountsare payable withinoneyear. Notes to Financial Statements toNotes Financial Currency risk risk Market Interest risk rate Liquidity risk (expressed in Canadian dollars) in Canadian (expressed are short-term

tions 83

FACTOR 2014-20152014–2015 PWC 84 FACTOR 2014–2015 PWC Notes to Financial Statements toNotes Financial FACTOR’s of directors. board recipients fact the of the have relatedare representation byvirtue on The note parties 2015, in 8. 31, commitments as disclosed which are at as March to $427,084 amounted parties to these commitments statement the in awards. Total and loans of operationsas outstanding extended ofand $767,241 amount payments the in of $391,300 amount the to in of related operations, course organizations year, the FACTORDuring approved and/or loans normal the in grants, 11. transactions Related party (expressed in Canadian dollars) in Canadian (expressed which are included which are

Canadian Music Fund contributions PUBLIC

Broadcasters’ contributions PRIVATE Basic

New Musical Works Program Collective Initiatives Program Initiatives Collective Tangible benefits Canadian development content Satellite radio Satellite Over and above Schedule of Revenue Revenue of Schedule (Schedule 1) (Schedule (expressed in Canadian dollars) in Canadian (expressed 22,632,162 2,294,852 8,500,601 6,268,184 1,798,638 2,232,417 14,131,561 7,619,400 2,418,671 2015 $ 20,444,536 11,943,935 8,500,601 6,160,859 6,268,184 1,935,426 1,663,253 2,232,417 2,184,397 2014 85 $

FACTOR 2014-20152014–2015 PWC 86 FACTOR 2014–2015 PWC Sponsorship Songwriter’s workshop Showcase production for artists from official language minoritycommunities Industry events COLLECTIVE INITIATIVE PROGRAM Radio marketing fund Regional affiliates development Business Business travel OTHER Video Showcase Showcase production for export ready artists ready export for production Showcase Repayments REPAYMENTLOAN Digital marketing Tour Marketing and promotion for non-FACTOR funded sound recordings prior to April 1, 2013) Marketing and promotion for FACTOR funded sound recordings (where album funded recording sound Juried artist Comprehensive Comprehensive music company music Comprehensive MARKETING recording sound Juried Demo Comprehensive artist (and emerging artist windup) Comprehensive music company (and direct board approval windup) PRODUCTION RECORDING SOUND Awards and Loans of Schedule (Schedule 2) (Schedule (expressed in Canadian dollars) in Canadian (expressed 16,639,681 2,526,364 1,350,463 3,032,577 3,787,254 1,574,984 (373,233) 8,721,919 1,574,351 1,174,963 1,977,377 894,449 388,884 482,692 409,895 599,632 702,472 966,782 708,372 416,843 276,366 918,487 537,749 313,106 383,711 213,721 73,880 18,535 2015 $ 2,438,284 15,681,574 8,337,243 1,246,443 2,618,884 3,189,022 1,051,930 2,121,546 (404,521) 1,483,071 1,147,844 250,000 1,118,916 482,270 264,057 970,225 368,575 662,237 820,779 445,514 298,810 475,146 378,216 795,162 618,415 275,791 212,851 12,469 2014 $ Insurance Professional fees Telephone and communications postage and Courier Professional development Subscription Consulting Office andgeneral meetings and promotion Publicity, travel and Automobiles Equipment rentals and repairs costs Occupancy Salaries and benefits Expenses Administrative of Schedule (Schedule 3) (Schedule (expressed in Canadian dollars) in Canadian (expressed 1,304,446 2,061,688 201,632 40,404 101,207 25,985 28,963 39,486 68,414 88,716 74,216 74,618 4,367 9,234 2015 $ 1,254,096 1,939,827 203,116 22,888 24,529 48,373 96,944 99,945 41,382 60,178 11,584 39,721 5,890 31,181 2014 87 $

FACTOR 2014-20152014–2015 PWC