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 approximately 9,700 people, of whom;
- approximately 1,005 are Indigenous people,
- approximately 4,680 are residents of Alberta; and
- approximately 4,110 are residents of British Columbia.
As of December 31, 2020, there were approximately 7,300 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.
*Actual project costs may change.
**Based on Conference Board of Canada studies in 2014 and 2015; and Canadian Chamber of Commerce report in 2013
