P.S.T. Tax Cuts: A Huge Benefit to Crofton Mill
Earlier this week, the provincial government announced significant tax cuts to non-residential electricity costs for B.C. businesses.
This will mean huge savings for Catalyst Paper and the Crofton Mill in particular.
According to a 2017 report, Catalyst Paper spends more than $138 million dollars a year on power, including approximately $10 million dollars in provincial sales tax.
North Cowichan Mayor, Jon Lefebure says this tax break will make the local mill much more competitive.