CANADIAN ASSOCIATION OF OILWELL DRILLING CONTRACTORS
Registration:
42
of
56
(2020-08-13
to
2020-11-16)
Grant, Contribution or Other Financial Benefit
- Federal Government to consider establishing a Canadian Drilling Safety and Sustainability Grant that would ensure Canada's drilling rigs are ready to go back to work when the economy improves.
- Federal Government to purchase income tax losses from drilling and service rig companies, less the government's cost of capital.
Grant, Contribution or Other Financial Benefit, Policies or Program
- Federal Government to allow offshore drillers to access the Ocean Supercluster Fund without a location guarantee.
- Federal Government to consider introducing additional liquidity support measures through unsecured and subordinate financial instruments.
- Federal Government to develop and implement a tax policy to encourage year-round offshore drilling operations.
- Federal Government to provide geothermal drilling incentives
- Federal Government to purchase tax pools from Association drilling and service rig members.
Policies or Program
- Federal Government to allow drilling and service rig employees to take on irregular and intermittent employment while receiving Employment Insurance (EI) benefits without a claw-back penalty.
- Federal Government to defer Canadian drilling and service rig companies' GST and payroll remittance interest free for six months instead of the current June 30 program.
- Fuel excise tax - Obtain clarification on end-user refunds for the excise tax on diesel fuel
- Income Tax Policy, Declaration of Exemption - Special Work Site Allowances and Kilometric Allowances
- Support for oil and gas development and pipelines
Policies or Program, Regulation
- Federal Government to align the Maritimes region's intake and Certificate of Fitness process with other international bodies.
- Federal Government to provide offshore drilling operators with more visibility on well approvals.
Regulation
- Federal Government to exempt service rigs from the Motor Vehicle Transport Act.