MSABC Welcomes Balanced Budget that Improves BC Competitiveness

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FOR IMMEDIATE RELEASE

Vancouver, B.C. – The Mining Suppliers Association of British Columbia (MSABC) congratulates the government of B.C. for delivering a fifth-consecutive balanced budget while announcing important new measures to improve the competitiveness of the B.C. economy.

MSABC welcomes the government’s commitment to phase out the PST on electricity, which will be cut in half by October 2017 and completely eliminated by April 2019. “We witnessed broad industry, labour and community support for this measure in the lead-up to Budget 2017,” said Darold Thorp, Chair of MSABC and Major Account Manager – Mining BC, Brandt Tractor Ltd. “B.C. is the only North American jurisdiction to levy a sales tax on electricity used by business. This important measure will help level the playing field for existing energy intensive industries to compete globally and attract new investments for industrial projects in the province,” added Thorp. [...]  READ MORE ➔

MSABC Welcomes Renewal of Tax Incentives and Continuing Infrastructure Investment in Budget 2016

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FOR IMMEDIATE RELEASE

Vancouver, B.C. – The Mining Suppliers Association of British Columbia (MSABC) welcomes a fourth consecutive balanced budget that incentivizes investments in the B.C. mining sector, commits to strengthening the competitiveness of our provincial tax system, and invests in provincial infrastructure.

“Mine operators and suppliers have taken significant steps to remain competitive during the ongoing downturn in commodity prices and government is doing its part by extending the mining flow-through share tax credit and the mining exploration tax credit in Budget 2016,” said Darold Thorp, Chair of MSABC. “These measures, along with the recently announced electricity cost deferral program and a commitment to review the competitiveness of the PST, will help ensure B.C. remains competitive with rival mining jurisdictions,” added Thorp. [...]  READ MORE ➔