Open AccessAn Update on Some Deductions, Credits and Incentives in the Oil and Gas Industry
Author(s) -
D. W. Ross
Publication year - 1988
Publication title -
alberta law review
Language(s) - English
Resource type - Journals
eISSN - 1925-8356
pISSN - 0002-4821
DOI - 10.29173/alr710
Subject(s) - incentive , tax deduction , tax credit , petroleum industry , economics , public economics , income tax , energy law , tax incentive , state income tax , business , tax reform , law , gross income , microeconomics , political science , engineering , environmental law , environmental engineering
This paper considers various deductions, credits and incentives available under the Income Tax Act. CEDIP and the Canadian Exploration Incentive Program to those participating in the oil and gas industry. Since this paper was written in May 1988. the draft amendments to the Income Tax Act released on April 13. 1988 and discussed in this paper, have been enacted by S.C. 1988. c. 55.