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ARTICLE · 09 APRIL 2015

Alberta Budget 2015 – Energy Perspective

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Much has already been written about the 2015 Alberta budget and its effect on individual taxpayers.

CanadaEnergy and Natural Resources
Michael Styczen, P.Eng
Michael Styczen, P.Eng
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Much has already been written about the 2015 Alberta budget and its effect on individual taxpayers, in particular the number of significant changes to personal income taxes, taxes on alcohol and gasoline, user fees and additional charges.

For the oil and gas sector, there are very few changes to the existing tax regime, but there are a number of important points and assumptions that the sector should be aware of:

  1. No change to royalties or taxes. Most importantly, there will be no change to either corporate income tax rates or to the oil and gas royalty structure.
  2. Low commodity prices forecast. The province is producing its revenue forecasts on the basis of significantly depressed oil and gas prices until at least 2019.

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