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ARTICLE · 17 FEBRUARY 2014

Budget 2014: Significant Tax Changes Affecting The Canadian Resource And Energy Sector

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Budget 2014 contained two changes of particular interest to the Canadian resource and energy sectors

CanadaTax
Michael Friedman
Michael Friedman
Peter Botz
Peter Botz
Michel M. Ranger
Michel M. Ranger
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Tax Bulletin

Budget 2014 contained two changes of particular interest to the Canadian resource and energy sectors. First, as expected, Budget 2014 proposes to extend the "super flow-through share" program for another year in order to continue to promote the exploration and development of mineral resources in Canada. Second, in keeping with similar changes in recent budgets, Budget 2014 proposes to enhance the capital cost allowance ("CCA") treatment of certain environmentally-friendly equipment and technologies to encourage Canadian businesses to adopt such technologies.

Extension of Super Flow-through Share Program

Budget 2014 proposes to extend the "super flow-through share" program for an additional year. The super flow-through share program was initially introduced in October 2000 in response to a severe downturn in mineral exploration in Canada. The program had expired at the end of 2005, but was re-introduced in the 2006 Budget in respect of flow-through

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