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Coast Forest Today - Our Blog

Monthly Archives: August 2009

Coast Forest Coverage

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HST is good news for forest industry

Source: Alberni Valley Times, August 31, 2009

With the coastal forest industry facing no end to the economic downturn in the U.S. and Japanese housing markets and the ongoing worldwide financial crisis, the introduction of the harmonized sales tax provides a much-needed boost to an industry that is a key driver of the provincial economy.

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Coast Forest Coverage

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Victoria faces free-fall in resource revenues

Source: Vancouver Sun, August 27, 2009

VICTORIA – The collapse of British Columbia’s resource industries is expected to push provincial government revenue projections into a steep decline, far deeper than the $2.8-billion drop forecast in last February’s budget…

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Coast Forest Coverage

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HST supporters speak out

Source: Vancouver Sun, August 25, 2009

VANCOUVER – Retailers, the motion picture industry, forestry, mining and even convenience stores have come out in favour of the provincial government’s proposed harmonized sales tax…

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Coast Forest Coverage

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Harmonized tax has competative edge

Source: Business in Vancouver, August 18 – 24, 2009

VANCOUVER – Despite opposition to Liberals’ decision, many sectors are looking forward to simplicity of HST and millions of dollars in savings…

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Blog Entries

Rick Jeffery

President & CEO, Coast Forest Products Association

Coastal Forest Industry Supports HST

At a time when B.C.’s coastal forest industry is struggling to sustain itself through unprecedented economic hardship, the introduction of the Liberal Government’s harmonized sales tax comes as good news.

For years Coast Forest has been pushing for the introduction of a value-added tax like the HST. Why? Because “approximately 40% of the PST revenue collected by Victoria is paid by businesses on a wide variety of inputs used in producing goods and services,” according to the Business Council of BC. “Under the proposed HST, the provincial sales tax now paid on inputs is effectively eliminated, as the 7% provincial portion will be credited along with the 5% GST for all goods and services purchased for business operations.” Read more

Coast Forest Coverage

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Resource industries to save big with HST

Source: Victoria Times Colonist, August 7, 2009

VICTORIA – Resource-based industries and the construction and manufacturing sectors are among supporters of the 12 per cent HST, slated to be introduced in July 2010. They say it will save money and pave the way for increased investment and more jobs…

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Big news! Coast Forest and COFI have come together as one
organization for a stronger, unified voice for BC's forest industry.
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Please visit BC Council of Forest Industries for more information on BC forestry.

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