An Update on Some Deductions, Credits and Incentives in the Oil and Gas Industry

  • David W. Ross
Keywords: Energy Law, Petroleum Law


This paper considers various deductions, credits and incentives available under the Income Tax Act. CEDIP and the Canadian Exploration Incentive Program to those participating in the oil and gas industry. Since this paper was written in May 1988. the draft amendments to the Income Tax Act released on April 13. 1988 and discussed in this paper, have been enacted by S.C. 1988. c. 55.