City of Powell River council renews major-industry tax program

By Chris Bolster
Powell River Peak
October 25, 2017
Category: Business & Politics
Region: Canada, Canada West

Fred Chinn

City of Powell River council gave Catalyst Paper Corporation three more years of tax certainty by passing its new tax-revitalization bylaw for major industry. The new program, adopted on October 19, raises Catalyst’s taxes by $300,000 per year for the tax years 2018 through 2020. …Catalyst vice-president and mill manager Fred Chinn also addressed council before the vote to share the company’s perspective on the new bylaw. “This tax-revitalization program is critically important to the Powell River mill,” said Chinn. “It’s one more piece that helps build us the runway so we can be a profitable mill in the future and a long-term, viable employer.”

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