Prime Minister Stephen Harper was at Kwantlen Polytechnic University’s Cloverdale campus today, to announce support for new and well-paying jobs in the liquefied natural gas industry.
The visit also included word of tax relief for capital assets acquired after today (Feb. 19) and before 2025, via a capital cost allowance rate of 30 per cent for equipment used in natural gas liquefaction and 10 per cent for buildings at a facility that liquefies natural gas.
According to a news release, the measure will allow companies investing in new facilities that liquefy natural gas to create jobs and economic growth, while recovering their investment more quickly.
“Our government is committed to providing the right conditions so that industries and businesses can succeed and compete in the global economy, by lowering taxes, cutting red tape and encouraging entrepreneurship,” Harper said in the release. “Today’s announcement builds on our low tax plan for jobs and growth, strengthening the already strong case for business investment in Canada.”
Harper was joined at KPU by Minister of Industry James Moore, Minister of State (Seniors) Alice Wong, Vancouver South MP Wai Young, and Prince George–Peace River MP Bob Zimmer.