Over $250 billion in oil and gas taxes have gone unpaid over the last half decade in Alberta, leaving rural municipalities hanging.
WATCH: More than $250 billion in oil and gas taxes have gone unpaid over the last half decade in Alberta, leaving rural municipalities hanging. Justin Sibbet reports.
“We make sure it’s made well aware that in 2024 budget, we’re budgeting $700,000 of uncollected oil and gas taxes. That’s too much for any resident to have to endure, so they’re not happy about it, they want everyone to pay their fair share of taxes,” said Miyanaga. For every dollar not paid in taxes, municipalities must choose to either fill with raised taxes, or else drop a purchase. A purchase could be roadwork, municipal programs or any other municipal funded payment.For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen.
“When they go bankrupt, they cause irreparable harm to mom-and-pop welding operations, tank hauling operations,” said McLauchlin.Click to share quote on Twitter: "The last company that went under — $300 million in receivables by small companies all over rural Alberta." “The AER does not have the authority to collect municipal tax payments; this responsibility falls under the jurisdiction of the individual municipalities.”“Since May 2023, the AER has had the authority to review applications for new well licences or well licence transfers to confirm applicants do not have municipal tax arrears above $20,000.
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