There is a very large pie that Ottawa, Alberta and B.C. can expect to share if the pipeline is built. When Ms. Clark laid out her “five conditions” for supporting heavy-oil projects across British Columbia, she said the province’s share under the current tax system isn’t big enough. For 18 months now, this demand has sat without anyone stepping up and offering a solution.
According to B.C., the Northern Gateway project is expected to generate a windfall of $81-billion in provincial and federal government taxation over a 30-year period. Of that total, $36-billion goes to Ottawa and $32-billion to Alberta. B.C. would land $6.7-billion – only slightly ahead of Saskatchewan’s $4-billion.
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