Sentences with phrase «resource royalties»
"Resource royalties" refers to payments or fees that are received by individuals or organizations in exchange for the use or extraction of natural resources such as oil, gas, minerals, timber, or water. These royalties are usually a percentage of the revenue generated from the sale of these resources and are paid to the resource owners or the government that owns the resources. Full definition
The PCs simply became too comfortable and dependent on unreliable revenue from natural resource royalties to fund the province's operations budget.
daveberta.ca
As well, it will receive a share of resource royalties received by government annually from the Mackenzie Valley.
Not surprisingly, the CEOs oppose NDP plans to raise corporate taxes from 10 % to 12 % and review natural resource royalty rates.
(The province expects to collect $ 2.8 billion in resource royalties this year, down from $ 9 billion in 2014.)
Though Canada's provincial revenue volatility troubles have much more to do with resource royalties than personal income taxes, Alberta and Newfoundland could perhaps learn a thing or two from the trials and tribulations south of the border — and how the smartest states are trying to fix the problem.
The party's popularity took a significant hit in 2007, when Premier Ed Stelmach announced plans to hike resource royalties by 20 %.
Within the next month, the Conservatives will likely slash resource royalties as part of an overall business competitiveness review.
Instead of saving, Alberta governments have put resource royalties towards financing the so - called Alberta Advantage, part of which included a flat 10 percent personal income tax rate and no provincial sales tax.
Since then, Alberta has only become even more dependent on resource royalties, as production from the oil sands continued to march higher.
The federal government also transfers the offshore resource royalties to Nova Scotia and Newfoundland and Labrador.
The opposition parties have been quick to blame NDP plans to review resource royalties for making the economic situation worse.
As Mr. Mowat described it, it is critical to separate overlying vision (which is inherently emotional) and the complex technical structure (which is very complex) of Alberta's natural resource royalties when trying to have a public discussion about the issue.
Premier Ed Stelmach «s meddling with natural resource royalties led the oil industry to quickly begin funnelling donations to the Wildrose, then led by a photogenic former school trustee named Danielle Smith.
Of this $ 8.3 billion $ 1.3 billion are offshore oil and natural resource royalties which are transferred to the Newfoundland Offshore Petroleum Resources Revenues Fund and the Nova Scotia Offshore Revenues Account under federal agreement.
Reviewing Alberta's natural resource royalty framework: Coming soon.
The NDP inherited a financial mess in 2015 from an old PC government that relied too heavily on revenue from resource royalties to fund the daily operations of public services.
-- Three years after the a committee of top - tier economic experts recommended increasing the royalty rates collected by the provincial government, Premier Ed Stelmach has cut back the amount of resource royalties that are collected.
A review of Alberta's natural resource royalty rates was a key plank in the New Democratic Party «s election platform and a panel was appointed shortly after Rachel Notley was sworn - in as Premier earlier this year.
As western editor Michael McCullough notes in this issue, Saskatchewan's NDP opposition has proposed a savings fund for the province's resource royalties (page 14), an idea aimed at ensuring long - term prosperity.
B.C.'s resource royalties are also far too low, and need to be revisited and raised (something even the business panel reviewing B.C.'s tax regime last summer acknowledged, but which last week's B.C. Budget left untouched).
These natural resources belong to all Albertans, so do your part and let the panel know what you believe the future of our natural resource royalties should be.
When oil prices drop and natural resource royalties are low, our artificially low tax rates are unrealistic if we want to sustain the public services that contribute to the high quality of life we enjoy in Alberta.
Unfortunately, the PC Caucus is reluctant to entertain the idea of more stable funding sources like sales taxes, a progressive taxation system or an increase in natural resource royalties.
Question: When is the most ridiculous time to perform and make public a resource royalty review?
Raising the levels of natural resources royalties or reasonably increasing taxes are not issues the Premier is expected to touch on during tonight's television appearance, but raising taxes is an issue that a handful of former politicians have recently delved into.
Funding was returned to health care, education and human services, two panels studying climate change and natural resource royalties were struck, corporate taxes were increased, a 3 - year minimum wage increase was implemented, and a provincial budget is expected to be tabled in the fall.