With regard to federal tax expenditures from 2006-2012: (a) what is the government’s estimate of the annual forgone revenue for the sectors of oil and gas, mining, and where applicable, clean energy, attributed to the following federal tax expenditures, (i) accelerated capital cost allowance for oil sands, (ii) transitional arrangement for the Alberta royalty tax credit, (iii) reclassification of expenses under flow-through shares, (iv) flow-through share deductions, (v) earned depletion, (vi) net impact of resource allowance, (vii) deductibility of contributions to a qualifying environmental trust, (viii) accelerated capital cost allowance for mining, (ix) canadian exploration expense, (x) canadian development expense for oil sands resource properties; and (b) if the Department of Finance is unable to provide estimates for any of the above tax expenditures, (i) what is the reason for the data gap, (ii) what steps does the Department of Finance plans on taking in future years to close the data gap?
In the House of Commons on May 10th, 2013. See this statement in context.