The Mining Association of British Columbia

The Mining Association of British Columbia

July 30, 2009 16:03 ET

Mining Association of BC Supports the Harmonization of the PST with the GST

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 30, 2009) - The Mining Association of British Columbia welcomes the provincial government's recently announced plan to harmonize the PST with the GST.

Pierre Gratton, the President and CEO, noted that, "creating a single value-added tax reduces the complexity for business operators and eliminates the burden of collecting and administering the sales tax. This new approach will result in lowered operating costs that can, in turn, be reinvested in our province."

The Mining Association of BC believes that reducing the cost of both capital investment and the materials necessary to the manufacturing process will result in an increased competitive position for those businesses involved in resource development and will enhance BC's ability to attract investment.

"When the mining sector is doing well, companies have money to invest in growth, and that means new job creation," he added. "This new tax structure will help attract investment into BC and help speed the way to economic recovery."

"This move by the provincial government builds on several years of action that has improved the tax competitiveness of BC mining," concluded Mr. Gratton. "The Mining Association of BC looks forward to the introduction of this new tax structure, effective July 1, 2010."

The MABC is regarded as the predominant voice of BC's mining industry representing the collective needs and interests of operating coal, metal and industrial mineral mining companies.

Contact Information

  • The Mining Association of British Columbia
    Ben Chalmers
    Vice President, Environmental & Technical Affairs