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FOR IMMEDIATE RELEASE: January 29, 1998

Corporate Tax Freedom Day -- Backgrounder

Alberta Corporations that earned more than $15 million in profits in 1996 and paid little or no tax

Corporation Pre-Tax Profit Tax Paid Tax Rate
Alberta Energy Company
Amber Energy
Amoco Canada
Barrington Petroleum
Cabre Exploration
Cdn. Natural Resources
Canadian 88 Energy
Carma. Corp.
Chieftain International
Cimarron Petroleum
Crestar Energy
CS Resources Elan Energy
Encal Energy
Northrock Resources
Northstar Energy
Numac Energy
PanCanadian Petroleum
Paramount Resources
Penn West Petroleum
Pinnacle Resources
Poco Petroleum
Renaissance Energy
Rio Alto Exploration
Stampeder Exploration
Suncor Energy
Tarragon Oil & Gas
Telus Corp.
TriLink Resources
Ulster Petroleum
Wascana Energy
$132,000,000
$19,362,000
$378,000,000 (US)
$17,876,000
$38,802,000
$177,274,000
$17,054,000
$22,114,000
$15,987,000
$15,635,000
$89,300,00
$16,766,000
$56,434,000
$20,068,00
$18,375,586
$42,744,000
$47,391,000
$467,100,000
$36,946,000
$47,210,000
$22,241,000
$80,361,000
$291,649,000
$39,474,000
$21,759,000
$320,000,000
$49,504,000
$250,752,000
$30,512,000
$19,535,000
$36,800,000
$4,000,000
$399,000
$ 0
($105,000)
$681,000
$ 0
$409,000 0
$ 0
$124,000
$ 0
$7,800,000
$ 0
$3,006,000
$ 0
$664,760
$660,000
$3,029,000
$52,900,000
$602,000
$ 0
$ 0
$4,505,000
$ 0
$742,000
$ 0
$18,000,000
$3,417,000
$8,149,000
$3,505,000
$842,000
$2,200,000
2.0 %
2.1 %
0 %
0 %
1.8 %
0 %
2.4 %
0 %
0.8 %
0 %
8.7 %
0 %
5.3 %
0 %
3.6 %
1.5 %
6.4 %
11.3 %
1.6 %
0 %
0 %
5.6 %
0 %
1.9 %
0 %
5.6 %
6.9 %
3.2 %
11.5 %
4.3 %
6 %

Source: InfoGlobe's Globe and Mail Report on Business Corporate Database, as of January 13, 1998. Figures in ( ) indicate tax rebates.

For more information call:
Audrey Cormack, President at 483-39021 or
Gil McGowan, Director of Communications at 483-3021


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