Rethinking Royalty Rates: Why There Is a Better Way to Tax Oil and Gas Development

Summary:
Page Title:Rethinking Royalty Rates: Why There Is a Better Way to Tax Oil and Gas Development – C.D. Howe Institute
Article Title:Rethinking Royalty Rates: Why There Is a Better Way to Tax Oil and Gas Development
URL:https://cdhowe.org/publication/rethinking-royalty-rates-why-there-better-way-tax-oil-and-gas-development/
Published Date:September 14, 2011
Accessed Date:February 15, 2025

When provinces raise royalties charged on oil and gas production, the result can be less, not more tax revenues, according to a report from the C.D. Howe Institute. In  Rethinking Royalty Rates: Why There Is a Better Way to Tax Oil and Gas Development, authors Colin Busby, Benjamin Dachis and Bev Dahlby show how resource-rich provinces would be better off relying more on auctions for exploration and development rights and relying less on royalties levied on output.

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