Quote:
Originally Posted by burn_this_city
If oil stays around $100 CAD this year we will make $150-200B on oil in 2022. Not sure what the federal government's cut would be, but it should certainly help cut down the deficit.
|
I would guess many of the big oil companies have tax loss carry forwards that would cover them for a bit before the feds start cashing in big on corporate taxes. But individual incomes will rise (eg bonuses) and they'll get their cut their right away.