In the 2007 Speech from the Throne, the Government of Canada emphasized that there are both new opportunities and new challenges in the North, and indicated it would bring forward an integrated Northern Strategy focused on strengthening Canada's sovereignty, protecting environmental heritage, promoting economic and social development, and improving and devolving governance. As a signature deliverable of this new commitment, the Government also promised to "build a world-class arctic research station that will be on the cutting edge of arctic issues, including environmental science and resource development. This station will be built by Canadians, in Canada's Arctic, and it will be there to serve the world". In August 2010, the Prime Minister announced that Cambridge Bay, Nunavut, will be the location for the Canadian High Arctic Research Station (CHARS).
On August 23, 2012, the Prime Minister announced a new investment for the next phases of the CHARS: $142.4 million for the construction, equipment, and fit-up of the CHARS and $46.2 million over six years for the phase-in of the Science and Technology Program. An additional $26.5 million per year has been set aside, as of 2018–2019, for the on-going program and operations of the CHARS.
The Canadian High Arctic Research Station is scheduled to open in summer 2017 to coincide with Canada's 150th anniversary.