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.
Publications Search Page
