British Columbia is changing the province's tax structure for liquefied natural gas projects with Finance Minister Carole James saying the government is aiming to encourage more development through a natural gas tax credit.
James introduced legislation Monday that she said meets the objectives set out a year ago by Premier John Horgan in a policy framework.
However, the Green party said the government's actions are hypocritical because they stray from its CleanBC plan to reduce carbon pollution.The government said the tax changes it is making will provide the fiscal framework needed for the project, which is expected to create 10,000 construction jobs and up to 950 permanent jobs in the processing terminal.
Green party Leader Andrew Weaver said in a statement the government's actions are pulling the province in two different directions. Weaver, who is the lead author of four United Nations intergovernmental climate change reports, said investments in renewable energy infrastructure would invite innovative industries to the province.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
B.C. brings in tax credit to help spur liquefied natural gas investmentFinance Minister Carole James says the change was introduced in legislation today and is meant to bring jobs and other financial benefits to the province through economic partnerships with Indigeno…
Read more »
B.C. university offers Canada's first for-credit, graduate program in mindfulnessA Lower Mainland university will be the first in Canada to offering a for-credit, graduate program in mindfulness-based teaching and Learning (MBTL).The University of the Fraser Valley, which has c…
Read more »
B.C. overreaching in 'Trojan Horse' bid to regulate oil and gas shipments, court toldOttawa, not the provinces, has sole jurisdiction over interprovincial projects, federal government lawyer tells B.C. Court of Appeal
Read more »
Federal lawyer says B.C.’s attempt to regulate oil and gas shipments is unconstitutionalCanada strikes down proposed permitting regime
Read more »
First day of spring brings more record-breaking warmth to many parts of B.C.Environment Canada says a massive ridge of high pressure is camped over the province, keeping any bad weather at bay and delivering unseasonably high temperatures for yet another day
Read more »
B.C. NDP table bill that provides tax breaks on LNG projectsThe legislation would repeal two LNG acts introduced by the previous Liberal government and instead reduce B.C.’s corporate income tax rate to 9 per cent from 12 per cent for corporations that meet several conditions, including climate commitments.
Read more »
B.C. researchers create device to help premature babies cope with pain by simulating a parent’s touchLead inventor and occupational therapist Liisa Holsti said the Calmer device is a rectangular platform that replaces a mattress inside an incubator and is programmed with information on a parent’s heartbeat and breathing motion
Read more »
How to claim the new climate-action incentive and other overlooked credits on your tax returnThe climate action incentive can be claimed by those who are 18 or older and resided in Saskatchewan, Manitoba, Ontario or New Brunswick as of the end of last year
Read more »
Federal budget 2019: Ottawa to lift cap on small business income tax creditUnder the current rules, the government claws back the value of the credits when companies earn more than $500,000 per year and phases it out completely when they earn more than $800,000
Read more »
Ottawa outlines criteria for media funding package, introducing tax credits, non-profit statusOnly ‘qualified Canadian journalism organizations’ will be eligible for the measures, which include introducing tax-exempt non-profit organization status, tax credits on labour costs and for digital news subscribers
Read more »