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ARTICLE · 28 OCTOBER 2014

B.C. Government Tables Comprehensive LNG Tax Legislation

McCarthy Tétrault
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On October 21, 2014, British Columbia Finance Minister Michael de Jong announced Bill 6 – 2014, the Liquefied Natural Gas Income Tax Act.

CanadaEnergy and Natural Resources
Monika Sawicka
Monika Sawicka
T.J. Kang
T.J. Kang
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Brian O'Neill
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On October 21, 2014, British Columbia Finance Minister Michael de Jong announced Bill 6 – 2014, the Liquefied Natural Gas Income Tax Act (the "Act"), which proposes an income tax, effective for taxation years beginning on or after January 1, 2017, payable on net income from liquefaction activities at or in respect of a liquefied natural gas ("LNG") facility in B.C.

Shortly following the announcement of the Act, McCarthy Tétrault's LNG Team provided preliminary comments on its key highlights – see British Columbia Government Tables LNG Tax Legislation.1 In this article, we provide a more detailed review and commentary of the Act. Our LNG Team would be happy to discuss the Act with you and how it may impact you in making LNG business and investment decisions in B.C.

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