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In May 2015, Slaight Communications announced an additional contribution to the Polaris fund which saw the prize for the winning album increased to $50,000,[2] as well as $3,000 to each of the non-winning nominees.
In 2015, the Polaris committee also launched the Heritage Prize, an awards program to honour classic Canadian albums released before the creation of the Polaris Prize.[5] Each year four shortlists of albums from four historical periods in Canadian music will be released, following which a public online vote will choose which album to honour.[5] These will be announced separately from the main Polaris Prize.
The winners for 2015 were announced on October 9.[6] The four winning albums will be honoured with a tribute concert in Toronto in early 2016, a trophy and the sale of a limited edition commemorative print.[6]