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Construction cost reporting | Black & White List

Steven Eady
Steven Eady

Property assessment for new facility construction in Alberta is based on actual construction costs which are to be reported to the applicable assessing authority subsequent to facility commissioning.

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Alberta Construction Cost Reporting The Black & White List of Non-Assessable Costs P R O P E R T Y T A X C O N S U LT I N G 1.403.508.7770 Energy@altusgroup.com www.altusgroup.com 2020 4th Street SW, Suite 310, Calgary, AB T2S 1W3 Canada Our consultation services: Lunch n Learns: Property Tax 101 Property Assessment & Taxation Estimates Other Resourceful Property Tax Documentation Property assessment for new facility construction in Alberta is based on actual construction costs which are to be reported to the applicable assessing authority subsequent to facility commissioning. In accordance with the Construction Cost Reporting Guide (CCRG) issued by Alberta Municipal Affairs, there are a number of costs that are necessary for facility construction which may be classified as non-assessable and therefore not reported for property assessment/tax purposes. Proper tracking, identification and quantification of construction costs will assist in managing the future property tax liability of capital projects. 1. Pre-construction / Post-construction Activity a. Feasibility Study b. Cancellation charges c. Commissioning Costs, Pre-production runs & Start-up d. Consumable Materials 2. Royalties, Operational Licenses, Patent fees, etc 3. Mobile Equipment 4. Spare Equipment (parts) 5. GST 6. Import Duty and Broker Fees 7. Any Bonuses Paid to Contractors for Early Completion or Penalties 8. Computer Costs (non-process related) 9. Travel Costs 10. Transportation / Freight Costs (Edmonton Area to site) 11. Interest Costs During Construction 12. Owners Costs (non construction related) 13. Premium Portion of Overtime Paid 14. Property Taxes Grey non-assessable costs include: 1. Design changes, alterations, and modifications 2. Interference costs 3. Abnormal costs of construction Black & White of non-assessable costs include:

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Construction cost reporting | Black & White List

  • 1. Alberta Construction Cost Reporting The Black & White List of Non-Assessable Costs P R O P E R T Y T A X C O N S U LT I N G 1.403.508.7770 Energy@altusgroup.com www.altusgroup.com 2020 4th Street SW, Suite 310, Calgary, AB T2S 1W3 Canada Our consultation services: Lunch n Learns: Property Tax 101 Property Assessment & Taxation Estimates Other Resourceful Property Tax Documentation Property assessment for new facility construction in Alberta is based on actual construction costs which are to be reported to the applicable assessing authority subsequent to facility commissioning. In accordance with the Construction Cost Reporting Guide (CCRG) issued by Alberta Municipal Affairs, there are a number of costs that are necessary for facility construction which may be classified as non-assessable and therefore not reported for property assessment/tax purposes. Proper tracking, identification and quantification of construction costs will assist in managing the future property tax liability of capital projects. 1. Pre-construction / Post-construction Activity a. Feasibility Study b. Cancellation charges c. Commissioning Costs, Pre-production runs & Start-up d. Consumable Materials 2. Royalties, Operational Licenses, Patent fees, etc 3. Mobile Equipment 4. Spare Equipment (parts) 5. GST 6. Import Duty and Broker Fees 7. Any Bonuses Paid to Contractors for Early Completion or Penalties 8. Computer Costs (non-process related) 9. Travel Costs 10. Transportation / Freight Costs (Edmonton Area to site) 11. Interest Costs During Construction 12. Owners Costs (non construction related) 13. Premium Portion of Overtime Paid 14. Property Taxes Grey non-assessable costs include: 1. Design changes, alterations, and modifications 2. Interference costs 3. Abnormal costs of construction Black & White of non-assessable costs include: