The funding was announced during Tuesday’s budget, although some of the money was allocated in the previous budget.
Given that U.S. President Donald Trump will join Prime Minister Justin Trudeau and five other leaders at the event in Quebec’s Charlevoix region, it is not a surprise that the biggest portion of the funds will be spent on security. The RCMP has been allocated $259 million to provide security to the summit.
In addition, National Defence ($35 million), Public Safety Canada ($99 million), CSIS ($2 million) and the Canadian Border Services Agency ($1 million) have all been granted funds.
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Global Affairs Canada, which manages the country’s diplomatic and consular relations, will receive the second biggest payout of $100 million. The federal department is also in charge of planning all of the event details.
Other agencies which are expected to receive a piece of the pie include Public Services and Procurement Canada ($34 million), Shared Services Canada ($34 million), Health Canada ($8 million), Department of Finance Canada ($6 million) and Public Health Agency of Canada ($2 million).
A further $25 million has been set aside in a financial kitty as well.
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In addition to Trump and Trudeau, the leaders of the other nations expected to attend include French President Emmanuel Macron, U.K. Prime Minister Theresa May, Italian Prime Minister Paolo Gentiloni, German Chancellor Angela Merkel and Japanese Prime Minister Shinzo Abe.
Similar to the theme of the 2018 budget, the Liberals are looking to make gender equity a major theme of the government’s G7 presidency.
Canada last hosted the summit in 2010, when there were eight countries involved. Russia has since been suspended from attending the meetings.
The 2010 meetings were held in Ontario’s Muskoka region and were followed by a G20 summit in Toronto. The security for the two events cost over $1 billion.