Wood Business

Industry News Markets
Softwood lumber export tax rate increase triggered

March 24, 2015 - The trigger for an increase in the export tax rate for Canadian softwood products going to the U.S. has been reached and will be enforced on softwood lumber as of April 1, 2015.


March 24, 2015
By Andrew Snook

Softwood lumber from the following provinces in Canada will be affected:

  • From both the coastal and interior regions of British Columbia, the export tax will rise from 0 to 5 per cent.
  • From Alberta, the export tax rate will increase from 0 to 5 per cent.
  • From Saskatchewan and Manitoba the export tax rate goes from 0 to 2.5 per cent.
  • In Ontario, the export tax rate will be raised from 0 to 2.5 per cent.
  • In Quebec, the export tax rate will be raised from 0 to 2.5 per cent.

The export charge rate is based on the region of origin of the softwood lumber product being exported to the U.S. The region of origin is defined as where the product underwent its first primary processing. However, where sawlogs are harvested in an Option A or an Option B region and undergo first primary processing in a region whose exports are excluded, the resulting softwood lumber product is deemed to have been exported from the Option A or Option B region.

  • Option A regions: The B.C. coast, B.C. interior and Alberta.
  • Option B regions: Saskatchewan, Manitoba, Ontario and Quebec.

For more information, click here.

Source: Livingston U.S. regulatory updates.

 

 


Print this page

Related



Leave a Reply

Your email address will not be published. Required fields are marked *

*