Latest issue of East Coast Offshore highlights new oil and gas developments: EY report

Sources available to offer insight on Atlantic Canada oil and gas

ST. JOHN'S, NL, Jan. 16, 2014 /CNW/ - Severing employment and incorporating is no easy decision, according to the latest issue of EY's East Coast Offshore. Individuals must consider a number of Canadian Income Tax Act provisions and Canada Revenue Agency administrative positions before making the leap to incorporate.

The report — which highlights emerging legislative, regulatory and competitive issues affecting Atlantic Canada's oil and gas industry — looks closely at the forces behind why or why not to incorporate in the industry. The report walks through a number of these considerations as well as:

• Highlights from EY's semi-annual Capital Confidence Barometer
• Nova Scotia deep-water long-term growth potential
• Security breach risks

EY's Canadian oil and gas team is available to offer more insight into the report's findings.       

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SOURCE: EY (Ernst & Young)

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