Oil & Gas & Mining Taxation

3 credits · Undergraduate Programs

The resource regime rules of the Income Tax Act as applied to the oil and gas and mining sectors. Topics include: operations subject to the resource regime; the treatment of property costs and common industry expenditures (i.e. applicable "tax pools" and their characteristics): resource industry "subsidies" (e.g. flow-through share financing, investment tax credits); the avoidance provisions (e.g. the successor rules); and the treatment of foreign operations of a Canadian resident taxpayer. Prerequisite(s): Law 697.