Look to government incentives for cost reduction, innovation and growth
A wealth of new provincial and federal government incentive programs aimed at spurring innovation, productivity and employment can help Canada's energy services companies grow stronger.
Alberta recently announced a $1.4B fund as part of their efforts to reduce carbon emissions and diversify the economy. As the industry moves towards a low-carbon future, tight margins and volatile commodity prices will continue to drive oil and gas and energy services companies to improve their businesses. Government incentives can play a key role in building that resilience through innovation, reduced cost structures and better environmental performance.
Successfully finding a way through the labyrinth of government programs extends right through to the back end of understanding the tax implications of government incentives, and to the front end of knowing what the government expects to see in an application to improve the likelihood of securing an incentive.
Ask KPMG how to optimize government incentives to strengthen your company's bottom line.
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