As one of the world’s largest oil producers, the industry provides great benefits to Canada through taxes, jobs and investments in capital projects. Twinning the Trans Mountain Pipeline will inject $12.6 billion* into Canada’s economy through Project spending and help our country export these resources by moving oil to the West Coast for marine transport to markets around the world. The Project will also lead to new jobs in the short and long term, job-related training opportunities and increases in taxes collected through all three levels of government.
By increasing Canada’s capacity to get resources to market, producers will see $73.5 billion in increased revenues over 20 years. Federal and provincial governments will see $46.7 billion in additional taxes and royalties from construction and 20 years of operation, higher producer revenues and additional tanker traffic.
Economic Benefits
The $12.6 billion* pipeline Project will increase the value of Canadian oil by unlocking access to world markets. A Conference Board of Canada report has determined the combined government revenue impact for construction and the first 20 years of expanded operations is $46.7 billion, including federal and provincial taxes that can be used for public services such as health care and education.
- British Columbia receives $5.7 billion
- Alberta receives $19.4 billion
- The rest of Canada shares $21.6 billion
- Municipal tax payments (not adjusted for inflation) total $922 million to BC and $124 million to Alberta over the first 20 years of expanded pipeline operations.
Employment Benefits
Trans Mountain is committed to prioritizing and maximizing Indigenous, local and regional hiring to the greatest extent possible. To date, Trans Mountain and our contractors have hired more than 5,900 people, of whom;
- more than 600 are Indigenous people,
- more than 1,975 are residents of Alberta; and
- more than 2,345 are residents of British Columbia.
As of June 30, 2020, there were 4,970 people working on the Project.
Learn more about the jobs available during the construction phase of the Project and register to receive updates on job opportunities here.Indigenous Benefits
Trans Mountain supports employment, training and business opportunities for Indigenous communities. As part of the engagement process, we work collaboratively with Indigenous communities that might have an interest in the Project, or have Indigenous interests potentially affected by the Project, to support access to economic development opportunities. Indigenous benefits could include job and training opportunities, and funds for a variety of community initiatives.
Community Benefits
Trans Mountain’s Community Benefits Program is committed to investing in communities that may be impacted by construction along the pipeline route. Through many conversations and engaging with communities, we’ve determined priority areas of investment such as community programs and infrastructure improvements, environmental stewardship, as well as education and training.
Along with the economic benefits provided by land access agreements and annual property tax payments throughout the lifetime of the pipeline, communities will also see financial contributions. These investments could help fund anything from improvements to local emergency management to enhancement of trails and parks, infrastructure improvements or support for local educational and training programs.
See our Community Benefit Agreements signed to date
*Actual project costs may change.
**Based on Conference Board of Canada studies in 2014 and 2015; and Canadian Chamber of Commerce report in 2013
