ANNOUNCEMENT 05 Dec 2016

In December 2016, the government of Canada/Province of Alberta announced a targeted tax change.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 05 Dec 2016 | Removal date: open ended

Tax or social insurance relief

On December 5, 2016 the government of Alberta announced that a joint venture between Pembina Pipeline Corporation and Petrochemical Industries Company had been approved to receive royalty credits under the province's Petrochemicals Diversification Program. This project may receive up to $300 million in royalty credits to build an integrated propylene and polypropylene facility in Sturgeon County. The project is expected to cost from $3.8 billion to $4.2 billion to build. Construction is expected to start in 2019, with the facility operating by 2021.

AFFECTED SECTORS