Bell Media has announced that The Amazing Race Canada will kick off in its summer timeslot of Mondays at 9 p.m. on July 15.

The team that wins the first-ever Canadian version of the travel show will walk away with a prize worth over half a million dollars, courtesy of the show’s sponsors. The prize includes $250,000 cash, the opportunity for the winner pair to fly free for a year anywhere Air Canada flies and two 2014 Chevrolet Corvette Stingrays. Teams will also have the opportunity to win pit stop prizes throughout the series, which will be announced in the coming weeks.

In addition to airing on CTV, The Amazing Race Canada will be broadcast on RDS, TSN and TSN2 as well as across CTV’s digital platforms, according to a release.

Along with Air Canada and Chevrolet, The Amazing Race Canada is being sponsored by Interac and BlackBerry.