Oct. 2, 2017 – Catalyst Paper is applauding the B.C. government’s commitment to eliminate the Provincial Sales Tax (PST) on electricity for commercial and industrial users in its 2017 budget update, which will assist in protecting jobs in the province’s pulp and paper sector, said Len Posyniak, senior vice-president, Human Resources & Corporate Services.
Effective this fall, the PST on electricity for commercial and industrial users will be reduced from 7 to 3.5 per cent. On April 1, 2019, electricity for commercial and industrial users will be fully exempt from the PST.
“Catalyst wants to thank the government for recognizing the importance of the pulp and paper sector to B.C.’s economy,” said Posyniak. “The elimination of this tax will help industry in B.C. improve its competitiveness.”
Catalyst estimates that British Columbia’s thermo-mechanical pulp and paper sector supports 5,600 direct and indirect jobs across the province, generating about $250 million in annual revenue for governments. In B.C., Catalyst owns and operates pulp and paper mills in Powell River, Port Alberni and Crofton, a distribution centre in Surrey, and is headquartered in Richmond.
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