e-4201 (Taxation)

Petition to the Government of Canada

• The Government of Canada is making a generational investment by providing a 30% investment tax credit to eligible clean technology projects;
• The tax credit currently excludes existing and new CANDU technology which underpins the entire operating Canadian nuclear supply chain and nuclear fleet;
• Disadvantaging CANDU relative to other clean technologies limits climate action and the Canadian economy, which benefits from an unmatched economic multiplier effect of $1.40 in GDP for every dollar invested due to the 96% made-in-Canada CANDU supply chain;
• The CANDU refurbishments at Bruce, Darlington and most likely Pickering Nuclear stations are vital to the preservation for a further 30-40 years of Canada’s second largest source of zero carbon;
• Twenty-two CANDU reactors, 19 of which currently represent 15% of Canada’s total electricity generation, were commissioned in just over 20 years, proving that CANDU nuclear is a scalable, rapid, deep decarbonisation tool;
• CANDU nuclear has been ranked as one of Canada’s top ten engineering achievements and has among the lowest lifecycle emissions of any energy source at 5gCO2/kWh, one half that of wind and solar.
• CANDU nuclear provided 90% of the power to permanently remove coal from the Ontario grid, an achievement hailed as North America’s greatest greenhouse gas reduction; and
• CANDU nuclear has a proven track record as a successful Canadian export, assisting partner countries in decreasing their reliance on fossil fuels.