Open AccessRecent Developments in Federal Taxation of Interest to the Resource Industries
Author(s) -
Robin J. MacKnight
Publication year - 1985
Publication title -
alberta law review
Language(s) - English
Resource type - Journals
eISSN - 1925-8356
pISSN - 0002-4821
DOI - 10.29173/alr733
Subject(s) - revenue , legislature , petroleum industry , petroleum , economics , tax revenue , energy law , resource (disambiguation) , tax reform , federal budget , economic policy , income tax , public economics , business , natural resource economics , finance , law , political science , engineering , chemistry , environmental law , computer network , organic chemistry , environmental engineering , computer science , fiscal year
This paper considers certain aspects of the proposed legislative changes to the Income Tax Act (Canada) and the Petroleum and Gas Revenue Tax Cut set out in the January 30, 1985 and May 9, 1985 Notices of Ways and Means Motions, the Western Accord and the federal budget of May 23, 1985 which may be of interest to advisers to the oil and gas industry. Certain of these changes have been incorporated in Bill C-72, which was passed October 29, 1985, and draft amendments to the Petroleum and Gas Revenue Tax Act released September 16, 1985.