Feb 01, 2014. /Lesprom Network/.
Catalyst Paper announced that the Supreme Court of British Columbia had
ruled in favour of Catalyst Paper in its action against the Province of British Columbia involving a
reassessment of the amount of sales tax payable under the Social Services Tax
Act on electricity purchased from Powell River Energy Inc. in 2001 through 2010.
Catalyst Paper estimates that it will receive a sales tax refund of $5.8
million including interest, as the company said in the press release received
by Lesprom Network.
The Province of British Columbia has thirty days to
apply for leave to appeal.
Catalyst Paper manufactures diverse specialty mechanical printing
papers, newsprint and pulp. With three mills, located in British Columbia, Catalyst has a
combined annual production capacity of 1.5 million tonnes.
