News and Insights

British Columbia Notice to Sellers of Electricity, Natural Gas, Fuel Oil and Propane

Tax Development Aug 08, 2008

Innovative Clean Energy (ICE) Fund Levy Extension

British Columbia has recently issued this notice to advise that the Innovative Clean Energy (ICE) Fund Levy will continue after September1, 2008. The ICE Fund Levy was established to provide the $25 million necessary to establish the ICE Fund and will remain in place after this initial funding been collected. Sellers of electricity, natural gas, grid propane or fuel oil will continue to charge customers the levy of 0.4% on the purchase price of these energy products.