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Governments’ Financial Support for New Nuclear Developments in Canada

Frank Greening , 7 Nov 25

From a website run by the Canadian law firm Fasken:

Canada’s Ongoing Commitment to Nuclear Energy:

Governments in Canada, at the federal, provincial and territorial levels, continue to dedicate significant financial and other resources to the further development of nuclear energy in Canada, both for large-scale nuclear and SMRs. At the federal level, some recent examples include:

• CAD $304 million in loans to finance the development and modernization of a new, large-scale CANDU nuclear reactor and support the broader Canadian supply chain;
• CAD $970 million in investments to date from the Canada Infrastructure Bank to advance the Darlington SMR Project;
• CAD $69.9 million for Natural Resources Canada to support activities to minimize waste generated from SMRs, support the creation of a fuel supply chain, strengthen international nuclear cooperation agreements, and enhance domestic safety and security policies and practices;
• CAD $50 million in federal funding from the Electricity Predevelopment Program to support the Bruce Power’s assessment of new generation opportunities contemplated for Bruce C;
• CAD $250 million, over four years starting in 2022–23, for predevelopment activities of clean electricity projects of national significance, such as SMRs;
• CAD $50.7 million for the Canadian Nuclear Safety Commission to build its capacity to regulate SMRs and to work internationally on regulatory harmonization; and
• Up to CAD 80 million in funding to Saskatchewan’s Crown Investments Corporation to SaskPower’s SMR predevelopment work.

From a website run by the Canadian law firm Fasken:

November 9, 2025 - Posted by Christina Macpherson | politics