The 2025 federal budget outlines a broad plan to strengthen Canada\u2019s economy, attract clean-energy investment, and modernize the country\u2019s regulatory landscape. The Canadian Nuclear Association (CNA) welcomes measures that bring long-awaited clarity for investors, signal a commitment to streamlining approvals, and reaffirm nuclear energy\u2019s growing contribution to Canada\u2019s clean-growth strategy.<\/p>\n\n\n\n
The government has confirmed what the industry has been requesting: retroactive implementation of the 30% Clean Technology Investment Tax Credit. This decision gives project proponents the confidence they need to move forward. While this credit primarily applies to small modular and advanced nuclear projects, it establishes a framework for how clean-energy investment can be encouraged across the wider nuclear supply chain. CNA continues working with government to ensure comparable clarity for large nuclear facilities through the forthcoming Clean Electricity ITC.<\/p>\n\n\n\n
The government has also underscored its intention to simplify project reviews and reduce duplication. \u00a0It was noted that between 2006 and 2021, federal regulatory requirements increased by 37 percent, contributing to a 9 percent decline in business investment, according to Statistics Canada. \u00a0During this same time, the nuclear sector has seen an increase of over 80 percent in regulatory requirements. The budget\u2019s focus on modernizing oversight and continued examination of a \u201cone project, one review\u201d model, \u00a0will help accelerate clean-energy deployment.<\/p>\n\n\n\n
Internationally, new allocations of $4.2 million over three years beginning in 2027-28 and $1.4 million annually thereafter will strengthen Natural Resources Canada\u2019s ability to promote nuclear exports and strategic partnerships, with particular emphasis on fast-growing Asian markets. These resources complement the creation of a Strategic Exports Office at Global Affairs Canada and a $2 billion concessional trade-finance envelope to encourage investment in Canadian expertise abroad.
The budget also dedicates $75 million over three years to expand the Union Training and Innovation Program, supporting apprenticeship pathways that will sustain the highly skilled workforce required for Canada\u2019s clean-energy transition.
While Budget 2025 marks clear progress on investment certainty and international collaboration, it stops short of setting an ambition for new domestic nuclear buildout and supply-chain growth. A robust home-market program remains essential to ensuring Canadian companies can export from a strong domestic base. Greater alignment on permitting, financing, and workforce planning will be key to maintaining Canada\u2019s leadership in nuclear innovation.
\u201cCanada\u2019s nuclear sector welcomes the clarity on investment tax credits and the government\u2019s commitment to reducing regulatory burden,\u201d said George Christidis, President and CEO of the Canadian Nuclear Association. \u201cThe next step is to ensure that new nuclear buildout at home keeps pace with international demand, creating skilled jobs, strengthening supply chains, and positioning Canada as a partner of choice in the global clean-energy transition.\u201d
CNA looks forward to continued collaboration with federal partners to ensure that Canada\u2019s policy and regulatory frameworks fully support new nuclear development. A coordinated domestic approach – one that links climate action, economic growth, and energy security, \u00a0will allow Canada to realize the full potential of its nuclear opportunity.<\/p>\n","protected":false},"excerpt":{"rendered":"
The 2025 federal budget outlines a broad plan to strengthen Canada\u2019s economy, attract clean-energy investment, and modernize the country\u2019s regulatory landscape. The Canadian Nuclear Association (CNA) welcomes measures that bring long-awaited clarity for investors, signal a commitment to streamlining approvals, and reaffirm nuclear energy\u2019s growing contribution to Canada\u2019s clean-growth strategy. The government has confirmed what […]<\/p>\n","protected":false},"author":8472,"featured_media":27113,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[489],"tags":[],"topic":[],"class_list":["post-45642","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-releases"],"acf":[],"yoast_head":"\n