Monday, April 27, 2020

ALBERTA's CONTRIBUTIONS TO CANADA

     Corbella:  The pure numbers of just how much Alberta has contributed to the country tell both a compelling and troubling story. If the patch dries up, this country is in serious trouble.
   The Canadian Energy Centre calculates that over the past 18 years the direct contributions Canada’s energy sector made to federal and provincial revenues between 2000 and 2018, is very conservatively estimated at $360 billion — more than any other sector by a long shot.
   That amount does not include income taxes paid by the more than 800,000 Canadians employed directly or indirectly by the energy sector, or provincial rents and royalties paid between 2000 and 2007. (It’s omitted due to a change in Statistics Canada reporting; so $166 billion paid in royalties and other payments applies to the 2008- 2020 period only).

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