Energy Tax News: Draft Tax Regulations for Oil Sands Projects and Clean Energy Generation Equipment
On May 3, the Minister of Finance released draft amendments to implement the proposed changes concerning the phase-out of the accelerated capital cost allowance for oil sands projects.
Energy News: Alberta’s New Royalty Framework
Alberta companies will have a one-time option to elect either the new Transitional Option or enter into the new Royalty Framework for new wells that are drilled.
Energy Tax News: Alberta’s New Royalty Framework
On October 25, 2007, Premier Ed Stelmach announced Alberta’s New Royalty Framework.
Energy Tax News: Alberta Royalty Review Report
On September 18, 2007, the Alberta Royalty Review Panel (the “Panel”) issued its Report on the Alberta Royalty and Tax Regime. The Report contains recommendations concerning the current royalty and income tax system in Alberta.