The granting councils under the Ministry of Industry, Science and Economic Development run programs that fund chairs in universities right across the country, so it will be an application process. They'll choose the best chairs and provide funding to a university to have a very esteemed professor for a certain amount of time to do work in an area, biotechnology and so on.
The Royal Military College, like other universities in Canada, is eligible to apply to that program, so they would submit applications to either the Social Sciences and Humanities Research Council or to the Natural Sciences and Engineering Research Council of Canada.