Energy Tax News: Alberta’s New Royalty Framework

View this page in: Français

Government takes larger share and simplifies rules

On October 25, 2007, Premier Ed Stelmach announced Alberta’s New Royalty Framework. The Framework changes the current royalty and income tax system in Alberta, adopting some, but not all, of the recommendations of the Alberta Royalty Review Panel (the “Panel”), whose report was issued on September 18, 2007. The changes, to be effective January 1, 2009, will have a significant effect on the oil and gas industry in Alberta and, in particular, on the economics of major oil sands projects.

Contact

Related services

Our Tax Services

Related industries

Our Services to the Energy and Utilities Industry

© 2007-2012 PwC. All rights reserved. "PwC" refers to the network of member firms of PricewaterhouseCoopers International Limited (PwCIL), or, as the context requires, individual member firms of the PwC network. Each member firm is a separate legal entity and does not act as agent of PwCIL or any other member firm. PwCIL does not provide any services to clients. PwCIL is not responsible or liable for the acts or omissions of any of its member firms nor can it control the exercise of their professional judgment or bind them in any way. No member firm is responsible or liable for the acts or omissions of any other member firm nor can it control the exercise of another member firm's professional judgment or bind another member firm or PwCIL in any way.