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Canada Revenue Agency Administrative Position on Marketable Natural Gas
Tax Development Feb 28, 2020
Tax Development Feb 28, 2020
The Canada Revenue Agency issued Fuel Charge Notice FCN12, Canada Revenue Agency Administrative Position Regarding Marketable Natural Gas Under Part 1 of the Greenhouse Gas Pollution Pricing Act to outline that the Department of Finance is proposing a recommendation that the Minister of Finance revise the meaning of marketable natural gas to include natural gas which is not at least 90% methane to be treated as marketable natural gas. These proposed changes would take effect January 1, 2020.
At this time, marketable natural gas is natural gas containing at least 90% methane and that meets the standard for pipeline transport and sale for distribution to the general public while natural gas not meeting these criteria is considered non-marketable natural gas.