Quote:
Originally Posted by Krovikan
I don't think the UCP touched the Royalty framework (maybe I missed it), and the NDP reviewed and tweaked the Royalty system, but largely didn't change revenue from the system. So I'm actually confident that the revenue is fair.
What I think is criminally low is corporate taxes, that plot between corp and personal is embarrassing.
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The oil revenues are also very sensitive to prices - because when prices go up the rates go up as well, which is a double whammy for resource revenues.
Also the figures in that graphic are the budget estimate from before the 2021-2022 fiscal year had even started. The current forecast for that fiscal year is a bit over $13 billion (approx 5x that estimate), about equal to personal income tax as the largest source of revenue. And if prices stay where they are next year will be even higher.