Thursday, March 30, 2017

Canada: Analysis of How Fed Budget Affects Geothermal Industry

2017 Federal Budget measures affecting the energy industry (DLA Piper)

There are several measures in this year’s Canadian Federal Budget that directly affect the energy industry. This article is a highlight of these proposed changes in the following areas:
  • Canadian Exploration Expense: oil and gas discovery wells
  • Reclassification of expenses renounced to flow-through share investors
  • Clean energy generation equipment: geothermal energy