First Laureate $35,000 Sponsored by TransAlta Second Laureate $25,000 Third Laureate $17,500 Fourth and Fifth Finalists (each) $6,000 Best ensemble prize $3,000 Raeburn Prize for Artist of special promise $3,000 Best performance of commissioned work $3,000 Sponsored by Arcis Corporation Semifinalist prizes All semifinalists who do not advance to the Finals receive a prize of $1,000.