Canada (Alberta) upstream fiscal summary Report

Country Report 29 June 2023

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Report summary

Concession-based fiscal regime. Signature bonuses are payable and are used as the basis of awarding leases. The contractor pays royalty on both oil and gas production, and federal and provincial income taxes. Following the recommendations of the Alberta Royalty Review Panel in September 2007, the Albertan government published its conclusions on a new royalty framework in October 2007, which came into effect on 1 January 2009. Under the new system for the conventional regime,...

Basis
Licence terms
Government equity participation
Fiscal terms
- Ring fencing
- Bonuses, rentals and fees
- Indirect taxes
- VAT/Sales Taxes
- Royalty
- C-Star royalty system
- Freehold mineral taxes
- Carbon Taxes
- Federal income tax
- Provincial income tax
- Product pricing
- Summary of modelled terms
Recent history of fiscal changes
Stability provisions
Split of the barrel and share of profit
Effective royalty rate and maximum government share
- Maximum government share and maximum state share
Progressivity
Fiscal deterrence