Federal Budget 2025: technological innovation as a driver of competitiveness

Nergica welcomes several measures announced in the Federal Budget 2025, which recognize the importance of technological innovation and create a clear trajectory for strengthening Canada's competitiveness in the cleantech sector.

We welcome the strengthening of the Scientific Research and Experimental Development (SR&ED) program, the accelerated investment incentive and immediate expensing for clean energy production and SR&ED, as well as the maintenance of tax credits for clean technology investment and manufacturing. We also stress the importance of the Industrial Research Assistance Program for SMEs, and recall that renewable energy is a highly strategic sector for Canada. A series of initiatives that will accelerate investment in clean technologies and strengthen the growth, competitiveness and innovative capacity of our businesses.

« Recognizing that technological innovation is a strategic driver of competitiveness, Budget 2025 confirms the importance of targeted investments to stimulate innovation and support Canada's economic development, notably through support for SMEs"says Frédéric Côté, General Manager. "r&D is a catalyst for economic growth. Targeted R&D investments and tax support measures offer Canadian companies the means to boost productivity, develop innovative technologies and accelerate their adoption in the renewable energy sector»

Nergica underlines the importance of measures to increase the supply of clean, affordable electricity, including the Clean Electricity Investment Tax Credit and the Clean Electricity Regulations. These announcements reflect the government's desire to accelerate investment in the energy transition and strengthen Canada's position as a leader in the development of renewable energies.

Finally, the creation of the Bureau for Advanced Research, Engineering and Leadership in Innovation and Science (BOREALIS) sends out a strong signal: advanced technological innovation is becoming a strategic pillar of its sovereignty and security. This initiative will drive innovation and the adoption of cutting-edge technologies in all sectors, including renewable energies. The deployment of critical technologies such as artificial intelligence will rely on clean energy, so it will be essential to make these programs accessible to those involved in the energy transition. Energy resilience, based on the development of renewable energies, is an essential lever for our sovereignty and security.

Nergica reiterates its commitment to working with the federal government to maximize the impact of these measures and support the sustainable growth of Canada's energy sector.