Extension of Productivity Mega Deduction to Helium Sector will unlock investment and is a foundational step for strengthening Canada’s helium supply chain and establishing Canada as a reliable supplier to our allies and trading partners

 

Calgary, Alberta – TheNewswire - November 12th, 2026 - The Helium Developers Association of Canada (HeDAC) welcomes the Government of Canada’s decision in Budget 2026 to extend the Productivity Mega Deduction to the helium sector – an important step to mobilize investment and enable a strong, sovereign Canadian helium sector.

 

Recurring global helium supply crises, exacerbated by geopolitical tensions—including the war in Iran—have heightened awareness among both Canadian decisionmakers and strategic sector end users of helium’s importance as a critical mineral and growing concerns over the security and affordability of its supply.

 

“The Budget sends a clear and powerful signal that Canada recognizes helium as a strategic resource” said Chris Bakker, Co-Chair of HeDAC and CEO of Avanti Helium. “Extending the Productivity Mega Deduction to helium is a significant step towards improving the global competitiveness of Canada’s helium sector, and in doing so attracting the private investment required to accelerate development of Canada’s world-class helium resource.”

 

The Budget decision builds on strong provincial leadership, including the Saskatchewan led federal – provincial engagement earlier this year to advance the sector.   

 

Bakker notes that extending the full benefits of the Productivity Mega Deduction to helium provides a foundation for further progress. As such, HeDAC looks forward to working with Canadian governments to advance targeted measures that attract exploration investment, build domestic helium supply chain capacity and diversify international trade relationships - positioning Canada as a reliable supplier to domestic consumers, allies and trading partners in a global market vulnerable to recurring supply disruptions.

  

Media Contact:

 

Helium Developers Association of Canada

chair@hedac.ca

1-403-705-4277

  

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