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. [...]