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City loses out on Canfor taxes
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1 Articles
City loses out on Canfor taxes
PRINCE GEORGE – Canfor is one of the city’s biggest sources of property taxes. But, in 2023, it began the process of permanently closing PG Pulp, citing at the time “a severe shortage of economically viable raw materials (residual wood chips from sawmills) and reductions in the provincial allowable annual cut.” But it also precipitated a little-known loophole around the taxes the corporation pays to the city. “For major industrial and for electr…
·Prince George, Canada
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