Fellowship Award Details

The award consists of up to $90,000 per year and is distributed as follows:

• $50,000 paid to the recipient through the university. This amount is provided to the university by the Bank of Canada as a lump sum;
• annual research expenses of up to $15,000 approved by the recipient's university in accordance with its standard policies. Eligible expenses are intended to include the acquisition, maintenance, and operation of research equipment; travel to scholarly conferences to present research; the costs of workshops held relating to research; as well as the costs of computing, publication, material, and supplies;
• annual research assistants expenses of up to $25,000 submitted to the recipient's university for approval in accordance with its standard policies.

Fellowship Award funds are administered by the university. The Bank will pay the university an annual amount of $5,000 to defray its administrative costs.