Toronto Caribbean Carnival announces $3.5M in federal funding over next 2 years

Cash-strapped and facing possible cancellation, the Toronto Caribbean Carnival says it has secured a funding commitment of $3.5 million over the next two years from the federal government that will “ensure the sustainability” of the beloved event.

The Festival Management Committee (FMC), which produces the event, announced the historic investment in a release on Thursday.

The FMC says the funding was outlined in the 2024 Fall Economic Statement and follows “intense advocacy” by the FMC’s executive team “addressing systemic underfunding and highlighting the Carnival’s vital cultural and economic contributions to Canada.”

The details of the funding, including the release date, have not yet been announced.

“This achievement reflects the dedication of our team and the collective support from our stakeholders, the Caribbean community, business leaders, suppliers, and cultural advocates who rallied behind the Carnival,” said FMC Executive Chair Jennifer Hirlehey.

“Together, we have demonstrated the power of unity and a shared vision. This funding will ensure the Carnival remains a dynamic force in Canada’s cultural and economic landscape, inspiring generations to come.”

Hirlehey added that the FMC is continuing its advocacy efforts to all other levels of government.

The FMC says Toronto Carnival is North America’s largest cultural festival, attracting over two million visitors each year and contributing $467 million to Canada’s GDP.

Earlier this year, the FMC warned that the festival faced possible cancellation due to rising costs, increased security demands and “decades of systemic underfunding.”