Some groups are suggesting that the oil and natural gas industry doesn’t pay its fair share, and that it benefits from subsidies. In certain cases, ordinary tax deductions used to spur investment and growth are being highlighted as problematic.
Beyond the fact that the industry provides a huge, positive economic impact in terms of jobs and economic growth, it definitely pays its fair share. A comparison of the five largest industries in Canada shows that oil and natural gas claims the fewest tax deductions relative to taxes paid—by far.
