3.3 C
Toronto
6.6 C
Vancouver
-2.1 C
Montreal
1.3 C
Calgary

Tax revolt? Unpaid taxes from energy companies to Alberta towns more than double

Must Read

The Truth About Debt in Canada

This is an advertorial and may contain links to other websites. Uncontrollable debt is a problem faced by a large...

The Best Visa Credit Cards in Canada for 2020

When it comes to credit card processors in Canada, Visa is a top player. Everyone recognizes the name, and...

The Best Business Savings Account Rates in Canada – savvynewCanadians

Which Canadian bank is best for small business savings accounts? I recently went searching for a savings account in Canada...

Alberta’s rural municipalities say the amount of unpaid property taxes they’re owed by oil and gas companies has more than doubled over the past year.

The association says they are owed a total of $173 million — a 114 per cent increase over last spring.

Years of low oil prices have left many small producers in dire straits.

But rural officials say recent court decisions have left them powerless to collect tax money owed them by financially troubled companies.

As well, they say the provincial government recently ended a program which refunded them money they lost by reducing taxes for certain kinds of wells.

Reeve Paul McLauchlin of Ponoka County, where unpaid taxes amount to about 10 per cent of overall revenues, suggests the non-payment amounts to a tax revolt by an industry looking to cut costs wherever it can.

He says some of those taxes are owed by companies that are still operating and viable.

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

The Truth About Debt in Canada

This is an advertorial and may contain links to other websites. Uncontrollable debt is a problem faced by a large...

The Best Visa Credit Cards in Canada for 2020

When it comes to credit card processors in Canada, Visa is a top player. Everyone recognizes the name, and for the most part, Visa...

The Best Business Savings Account Rates in Canada – savvynewCanadians

Which Canadian bank is best for small business savings accounts? I recently went searching for a savings account in Canada that paid a decent interest...

How carbon pricing works across the country

As of Jan. 1, every Canadian and all Canadian businesses are paying a price on carbon. The federal Greenhouse Gas Pollution Pricing Act means provinces...

Bank of Canada among central banks studying use of digital currencies

Major central banks have joined together to explore whether they should issue cryptocurrencies as the use of cash declines and more people turn to...
- Advertisement -

More Articles Like This

- Advertisement -