Natural resources are key area as part of improving GDP per capita. All levels of govt need to work together to find sustainable ways to get natural resources out of the ground and to to market

1. Canada Natural Resources –
Analysis and Commentary
PAUL YOUNG CPA CGA
APRIL 14, 2020

2. Paul Young - Bio
• CPA, CGA
• Academia (PF1, FA4 and MS2)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Financial Solutions
• SME – Business Process Change
• SME – Supply Chain Management
Contact information:
Paul_Young_CGA@Hotmail.com

3. Agenda
 4th Qrt – Canada
 Oil Rigs and Oil Prices – March 2020
 GDP and Natural Resources
 Additional Training
 Government Policies
 Stock Market and Commodity Prices
 Gerald Butts and Oil
 Justin Trudeau and Resourcefulness
 Wages

4. Natural Resources /
Canada
Source -
https://www150.statcan.gc.ca
/n1/daily-
quotidien/200414/dq200414
a-eng.pdf

5. Oil Prices and Oil Rigs

6. GDP
GDP by Sector (Average Growth)
GDP by Sector

7. Government Policies / Legislation
 Anti-pipelines - https://www.cbc.ca/news/canada/british-columbia/pipeline-capacity-poll-1.4979805 or
https://www.nationalobserver.com/2019/01/04/news/pipeline-shortfall-not-only-thing-punishing-canadian-
oilpatch
 Rail shipments and Goods - https://www.cbc.ca/news/politics/tasker-crude-by-rail-eight-fold-increase-1.4842410
 C69 - https://openparliament.ca/bills/42-1/C-69/ “An Act to enact the Impact Assessment Act and the
Canadian Energy Regulator Act, to amend the Navigation Protection Act and to make consequential
amendments to other Act”
 Carbon Taxation - https://www.cbc.ca/news/canada/north/yukon-chamber-mines-carbon-tax-1.4691472
 All levels of government across Canada have made changes to both taxation and regulatory policies
Source - https://www.fraserinstitute.org/studies/annual-survey-of-mining-companies-2017

8. Stock Market and Commodity Prices

9. Gerald Butts and Oil
• Butts did not support Northern
Gateway or East-West
• Keystone stumbling block was Obama
which he did not say in his interviews
• Butts brought in the failed FIT
Policy -
https://www.cbc.ca/news/opinion/
ontario-disaster-architects-
1.3884108
• Butts tweets have been anti-oil
and pro-climate change
• https://ottawasun.com/opinion/let
ters/you-said-it-whats-the-
carbon-tax-problem

10. Justin Trudeau and Natural Resources
 https://www.cbc.ca/news/politics/trudeau-davos-future-look-economy-harper-1.3412182
 https://business.financialpost.com/business/energy/varcoe-oilpatch-in-rebellion-as-ottawa-plows-ahead-on-
bill-c-69/wcm/e5e15cab-b220-45f3-a29a-
ca7290dfa272?utm_medium=Social&utm_source=Facebook&fbclid=IwAR2vsjIYWtPsq0eaNYt-
11WYJhMy80fRWQQD6MNV3b30ISA1u0cNzenCxk8#Echobox=1560516484
 “My predecessor wanted you to know Canada for its resources," Trudeau reminded. "I want you to know
Canadians for our resourcefulness."
 Trudeau misled people back in 2016 about the importance of Natural Resources development was to Canada.
 https://www.slideshare.net/paulyoungcga/2019-election-management-of-natural-resources-canada-june-
2019
 FYI
 It is never about jobs, but votes!

11. Wages

12. Training and Development
 If you like to learn more
about trade and/or other
subjects as part of your
professional learning and
development then feel free
to review my material on
https://www.udemy.com/
(search Paul Young CPA
CGA)
 These subjects address
how to fixed issues with
housing and/or systemic
issues related to economy
including government
policies

13. Corporate Taxation
Here is what I told a Liberal?
You appear to be anti-business as such likely will not read my posts, but will take the NDP at their word when it comes to taxation, right?
 Corporation pay carbon tax, excise taxes, payroll taxes, royalties, corporate income tax - https://www.slideshare.net/paulyoungcga/how-corporate-and-business-taxation-flows-to-
government
 Mutual funds and pension funds invest in corporations - https://www.investopedia.com/university/mutualfunds/mutualfunds.asp
 Top 1% - https://www.slideshare.net/paulyoungcga/2019-election-top-1-wealthiest-canada-june-2019
 Many corporations do not get direct business subsidies - https://www.investopedia.com/articles/basics/11/introduction-to-government-subsidies.asp (Direct subsidies are loans,
grants, etc.)
 Tax deductions are not subsidies. Corporations have to qualified for tax deductions - https://taxfoundation.org/corporate-tax-rates-around-world-2018/ - Countries need to be
competitive with all their tax, environmental and other government policies.
 There are rules around income movement it is called transfer pricing. The rules have change based on BEPS - https://www.osler.com/en/resources/regulations/2018/canada-begins-
ratification-process-for-multilateral-tax-convention-to-implement-beps
 You want to fixed income taxation then go after the tax code - https://www.brookings.edu/research/a-golden-opportunity-to-simplify-the-tax-system-options-for-reforming-a-
complex-tax-code/
 Governments around the world need to go after tax havens - https://medium.com/@nslewis/tax-havens-make-gdp-screwy-c241430447d9 - Liberals refused to go after tax havens as
the panama papers have shown there are liberals with holdings in tax havens - https://www.cbc.ca/news/business/stephen-bronfman-trudeau-paradise-papers-1.4382511
 Trudeau and Morneau have trust funds. Maybe it is time to go after trust funds - https://www.advisor.ca/tax/tax-news/cra-to-demand-more-info-on-trusts-beginning-in-2021/
 Clean technology gets direct subsidies and you do not mention that issue, why? https://business.financialpost.com/commodities/energy/total-destruction-of-the-market-investments-
in-clean-tech-cool-off-as-subsidies-ends - I guess you are ok with subsidizing power under the FIT agreement - https://torontosun.com/news/provincial/ontario-lost-up-to-1-2-
billion-selling-clean-energy-at-a-loss-engineers
 Many # companies are just an easy way for people to set up a small business. Small business has already told the Liberals their tax policies are harming them, and you say nothing,
why? https://www.slideshare.net/paulyoungcga/small-business-under-attack-by-government-canada

14. What needs to
happen
 Trudeau team needs to get the softwood lumber
dispute resolved and look at ways to expand
lumber exports to CETA and TPP -
https://www.bnnbloomberg.ca/economics/video/o
verall-impact-of-softwood-lumber-dispute-
minimal-for-canada-economist~1108540
 Trudeau’s team has too many radicals that are
putting their own interest over what is best for
Canada. NR development will lag until there is
change in government
 There lacks integrated strategy between all levels
of government to get projects off the ground
 Canada needs to revisit its taxation and regulatory
policies
 More emphasis on the skill trades and engineering
area as part of supporting the natural resources
sector.
 Better partnering with NR companies as part of
leaving a legacy around for communities, i.e.
roads, housing, water, etc.
 https://www.slideshare.net/paulyoungcga/what-is-
going-on-with-canadas-competitiveness