OIL & GAS SECTOR STRATEGIES & TACTICS
Oil industry mergers, acquisitions and divestitures are driven by intelligent strategies and shrewd tactics. Your corporate counterparts sitting across the negotiating table will invariably be looking to optimize their position in the business deal. As such you need to bring together the appropriate team of professionals to provide the strategic insights and directions that comes from being heavily involved in prior transactions.
It such experience as a corporate transactions lawyer that we bring to the bargaining table, enabling ourselves to effectively contribute to the strategy and implementation of business mergers, acquisitions, divestitures and joint ventures in the petroleum sector. It is a critical facet to the entire process, for the legal element of such deals has become increasingly significant to their completion and optimization of results.
As such, when your company is looking to undertake an oil acquisition or merger, you should be looking to the legal and advisory services of Neufeld Legal P.C. With our primary emphasis on mergers and acquisitions into the Alberta oil basin, on both a national and international level, but also providing important legal counsel for oil acquisitions by Canadian and American corporations overseas, Neufeld Legal P.C. is your source for assertive and knowledgeable legal and consultative advice. Contact us at Chris@NeufeldLegal.com or 403-400-4092.
Significant Oil & Gas Legislation
Alberta Corporate Tax Act
Royalty tax credit
26.1(1) Repealed 1991 c1 s7.
(2) Subject to subsection (14), a corporation that has Alberta crown royalty in a taxation year ending before January 1, 2009 is entitled to a royalty tax credit for the year in the amount obtained when the weighted average rate for that year is multiplied by the lesser of
(a) its crown royalty shelter for the year, and
(b) its Alberta crown royalty for the year.
(3) If a corporation is not associated with one or more corporations in a taxation year, its crown royalty shelter for the taxation year is
(a) if the taxation year ends before January 1, 1995, the lesser of
(i) $2,500,000, and
(ii) the proportion of $2,500,000 that the number of days in the taxation year bears to 365, and
(b) if the taxation year begins after December 31, 1994 and ends before January 1, 2007, the lesser of
(i) $2,000,000, and
(ii) the proportion of $2,000,000 that the number of days in the taxation year bears to 365.
(3.01) If in a taxation year of a corporation that commences in 2006 and ends in 2007 the corporation is
(a) not associated with one or more corporations, and
(b) is not a member of a partnership during the taxation year,
its crown royalty shelter for the taxation year is the proportion of $2,000,000 that the number of days before January 1, 2007 in the taxation year bears to 365.
* For the full statute, please click on this link. Nothing should be read in the abstract and specific legal advice is always recommended.