Canada’s Federal Budget 2015: A Significant Boost to Canadian LNG and Resources – Davis.ca

23 Apr 2015

In its last budget before a fall election, the Canadian federal government made a number of new spending commitments in energy and resources area, and also made significant changes to the tax and financing regime for liquefied natural gas (LNG) facilities proposed for the British Columbia coast.

There were two significant changes with respect to LNG:

1. Accelerated Capital Cost Allowances for LNG

The government confirmed in the budget that accelerated capital cost allowances will be provided for LNG facilities.

Read More: https://www.dlapiper.com/en/canada/insights/publications/2015/04/canada-federal-budget-2015-lng/