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 $7.4 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 $7.4 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
According to Conference Board of Canada estimates, the Project would create the equivalent of 15,000 construction jobs and the equivalent of 37,000 direct, indirect and induced jobs per year of operations. Direct construction workforce spending in communities along the pipeline route is estimated to be $480 million.
Overall, the Project generates more than 800,000 direct, indirect and induced person-years of employment during Project development, operations and higher netbacks.
- British Columbia’s share is 189,000 person-years including 36,000 during Project development and 39,000 during operations
- Alberta’s share is 441,000 person-years including 15,000 during Project development and 13,000 during Project operations
Learn more about the jobs available during the construction phase of the Project and register to receive updates on job opportunities here.
Aboriginal Benefits
Trans Mountain supports employment, training and business opportunities for Aboriginal communities. As part of the engagement process, we work collaboratively with Aboriginal communities that might have an interest in the Project, or have Aboriginal interests potentially affected by the Project, to support access to economic development opportunities. Aboriginal 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.
