The Levy
All federally regulated railways that transport crude oil in Canada must pay a per-tonne fee. This fee, called a “levy”, increases every year.
- Since 2016, the Fund has collected between one and two million dollars per month in levies and from interest generated on that money.
Levy Amounts
For the fiscal year starting on April 1, 2024, the amount is $2.07 per tonne.
- The levy is indexed to inflation and adjusted based on changes to the Consumer Price Index.
Responsibility for paying and collecting the levy
Shippers pay the levy.
Every federally regulated railway that is the first to carry crude oil must collect the levy and remit it to the Fund.
Deadlines for remitting the levy
The levy must be remitted by the railway company on a quarterly basis in each calendar year. It must be remitted within 30 days after the end of the calendar quarter in which the levy became due.
The deadlines for remittance are:
- January 30
- April 30
- July 30
- October 30
How to remit the levy
The levy is remitted to Transport Canada, who processes the payment. The amount is then transferred to the Fund.
Click here for more details.