Nuclear energy has been made eligible for a range of tax incentives in a Canadian government federal budget that “levels the playing field for clean energy technologies” represents “a significant change in how the Federal government is approaching nuclear power in Canada”, the Canadian Nuclear Association (CNA).

The budget, announced on Tuesday (28 March), shows the government clear and strong support for nuclear power playing an indispensable role in the country’s clean energy transition while ensuring domestic energy security, the CNA said.

Key provisions in the budget related to nuclear energy include a new 15% refundable investment tax credit for clean electricity that can be applied to all sizes of nuclear power, including small modular reactors, large builds, and new refurbishment projects.