Polaris Music Prize

The Polaris Music Prize is an annual music award given to the best full-length Canadian album based on artistic merit, regardless of genre, sales, or record label. The award was established in 2006 with a $20,000 cash prize, which was increased to $30,000 in 2011. The prize was increased to $50,000 in May 2015 by Slaight Music. Second-place prizes for the nine other acts on the shortlist also increased from $2,000 to $3,000.