Canada's Economic Action Plan

Canada's Economic Action Plan

April 23, 2010 16:20 ET

Government Gives $125 Million Boost to BC Municipalities

Gas Tax Funding Payments Accelerated for Second Year in a Row

VICTORIA, BRITISH COLUMBIA--(Marketwire - April 23, 2010) - The Honourable Stockwell Day, President of the Treasury Board and Minister for the Asia-Pacific Gateway, announced today that municipalities across British Columbia are getting an advance payment of $125 million in Gas Tax Funding to help them make the most of the spring and summer construction seasons.

For the second consecutive year, the Government of Canada is accelerating its payment of Gas Tax Fund three months early. This is part of the Government's Economic Action Plan which aims to boost employment and help communities emerge stronger than ever from the economic downturn.

"Over the past year, our Government has taken steps to stimulate our economy and make our country stronger," said Minister Day. "The advance payments of Gas Tax Funds for a second year in a row shows that we have listened to municipalities who asked us to cut red tape, accelerate infrastructure projects and create jobs."

Last year, the Government of Canada doubled the Gas Tax Fund to $2 billion. As a result, British Columbia municipalities benefited from $250 million in Gas Tax transfers.

These funds are at work across British Columbia:

  • Residents of Southeast False Creek are benefiting from a renewable heating system in Vancouver, which received an investment of $9.47 million from the Government of Canada through the Gas Tax Fund.
  • SeaBus passengers are now enjoying shorter commutes thanks to new technology in the new passenger-only ferry that connects downtown Vancouver with the North Shore, which received an investment of $5 million from the Government of Canada through the Gas Tax Fund.

In addition to accelerating the Gas Tax Fund, the Government of Canada announced that the Fund would become a permanent measure at $2 billion annually after 2014, to provide municipalities with long-term financial support.

The Gas Tax Fund represents stable, long-term, predictable funding that municipalities can pool, bank or borrow against for investments in municipal infrastructure such as drinking water, wastewater, improved roads, bridges, and public transit projects.

In addition to the Gas Tax Fund, the Government of Canada launched the Infrastructure Stimulus Fund in 2009 as part of Canada's Economic Action Plan, which has resulted in new infrastructure investments across British Columbia. 

To learn more about Canada's Economic Action Plan, visit www.actionplan.gc.ca.

IF THERE IS A DISCREPANCY BETWEEN ANY PRINTED VERSION AND THE ELECTRONIC VERSION OF THIS NEWS RELEASE, THE ELECTRONIC VERSION WILL PREVAIL.

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This news release is available online at: www.creatingjobs.gc.ca.

Gas Tax Fund: Delivering Results For Canadians – British Columbia

The following table is a breakdown of the Gas Tax Fund allocation to British Columbia between 2005-2014:

Year Allocation
2005-2006 76,272,000
2006-2007 76,272,000
2007-2008 101,696,000
2008-2009 127,120,000
2009-2010 254,239,000
2010-2011 250,697,000
2011-2012 250,697,000
2012-2013 250,697,000
2013-2014 250,697,000
Total 1,638,387,000

For more information please visit: http://www.buildingcanada-chantierscanada.gc.ca/

Contact Information

  • Office of Canada's Transport and Infrastructure Minister
    James Kusie
    613-991-0700
    or
    Infrastructure Canada
    613-948-1148