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PST rebate for capital investments opens to support business recovery
Government of BC
Businesses can grow back bigger and stronger following the pandemic, with up to half-billion dollars in expected rebates available for purchases or leases of select machinery and equipment, including tools, furniture, computers, software and zero-emission vehicles.
The rebate, announced in September 2020 as part of StrongerBC: BC’s Economic Recovery Plan, allows incorporated businesses to recover 100% of the PST on most machinery and equipment purchased between Sept. 17, 2020 and Sept. 30, 2021.
Online applications are open. The first window is open until Sept. 20, 2021, followed by a second window after the eligible rebate period (Oct. 1, 2021, to March 31, 2022). Rebate eligibility is based on the Canada Revenue Agency’s Capital Cost Allowance classes.
Learn More:
To apply for the PST rebate on select machinery and equipment, visit here.
For more detail about the Canada Revenue Agency’s Capital Cost Allowance classes, visit here.
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NEW: Net Zero Builder Training Dates Announced (16 CPD points)
CHBA BC
Are you curious about CHBA's Net Zero Home Labelling Program? Or, did you take the original training in 2017 and want to know what has been updated? If you have previous building science knowledge, this webinar will cover what you need to know about net zero homes and participation in the CHBA Net Zero Labelling Program. Plus, it's 16 CPD points. Don't miss out on this convenient two-part webinar series!
Net Zero Builder Training – Part 1 – April 27, 2021 from 9:00 am PDT to 1:00 pm
Net Zero Builder Training – Part 2 – April 29, 2021 from 9:00 am PDT to 1:00 pm
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Announcement on WorkSafeBC and COVID-19 Worksite Closures
WorkSafeBC
On Thursday, April 8th, 2021, the provincial health officer (PHO) announced an order delegating specific powers of the Public Health Act to WorkSafeBC prevention officers. The powers delegated to prevention officers are limited to serving a closure order on a business with a known COVID-19 outbreak. The closure order will be in effect for a period of 10 days or more, as prescribed by the health authority’s medical health officer on a case-by-case basis, and served when directed to do so by a provincial medical health officer.
WorkSafeBC is providing this support to help the province manage the recent increase in COVID-19 cases. When serving the closure order, the WorkSafeBC prevention officer will engage the employer on a discussion regarding their COVID-19 safety plan and provide the employer with the Reviewing and Updating Your COVID-19 Safety Plan resource guide.
The prevention officer will advise the employer that they should review and make improvements to their COVID-19 safety plan. Once the workplace has re-opened, the prevention officer will conduct an inspection to review the employer’s updated COVID-19 safety plan to ensure the employer is effectively implementing measures to prevent the transmission of COVID-19 in the workplace.
The increase in COVID-19 cases is an important reminder that all of us — employers, workers, industry, and stakeholders — have a shared responsibility to remain vigilant in supporting workplace health and safety during the pandemic. For more information on the most recent PHO order and how to keep workplaces healthy and safe, please refer to the following:
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Rising construction costs, timelines and workforce demand in Kamloops
CFJC Today
Commentary: This article reflects what we've been informed of anecdotally - that supply-chain issues and rising material costs are hitting all regions of British Columbia further driving up the overall costs for a build, prolonging timelines and straining an already highly in-demand workforce. A shout out to Jere Lorenz, Canadian Home Builders Association Central Interior President, for relaying these issues to the public, as seen by his comments in the article below.
Content: “Appliances are delayed, insulation is delayed. Sometimes there is no insulation in the City of Kamloops. When you’ve got houses ready to go, you have to wait for the loads to come in for supplies,” he explains, “And it’s not just that, it’s all products, from lumber to windows — everything. It’s manufacturing and supply and demand.”
As a result, Lorenz says any costed-out budget can change in a manner of days.
“I just did a budget for a duplex on one end, and now we’re building another duplex and that was done a couple months ago, and now we’re up over $30,000 in increased pricing on lumber, on trusses, on cabinets, poly, insulation.”
Read the full article here.
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- 1st or 2nd mortgages
- Fully open terms
- Quick turn around on draws
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Canada has new ways to pressure U.S. over softwood lumber duties, ambassador tells B.C. forestry conference
Vancouver Sun
Commentary: This article explains how the U.S.'s softwood lumber duties are doing more harm than good on the domestic front, as lumber prices continually rise leading to home construction delayed and overall project cost increases.
Content: The U.S. produces about 70 per cent of the softwood lumber it needs, she said, and Canadian exports make up the vast majority of the shortfall.v
Pressure is mounting for the Biden administration to address the softwood dispute, Hillman said, as current lumber supply shortages and high prices mean more Americans are unable to get into the housing market.
The U.S. National Association of Home Builders estimates the increase in lumber prices since last spring has added $24,000 to the average price of a single-family home, pricing out droves of would-be homeowners, she said.
Read the full article here.
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Construction sector bracing for 'grey tsunami'
Business In Vancouver
Content: Canadians are retiring at a rate that exceeds workforce entry rates, a skilled-labour shortage that has been predicted for about a decade has already arrived for B.C.’s construction sector.
A recent ICBA survey found contractors reporting they have had to turn down jobs, are taking longer to complete projects, paying more overtime and spending more time on training.
BuildForce Canada estimates that 41,000 workers will retire from B.C.’s construction sector this decade. Only 35,100 new entrants are expected to fill those jobs.
“Combining retirement and expansion demands, the construction industry will need to recruit close to 59,650 workers over the coming decade,” BuildForce says in a recent B.C. industry snapshot.
The residential homebuilding sector is already feeling the pinch, which is reflected in the time it takes to complete new projects.
You can read the full article here.
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Weekly Update Connect with Canadian Home Builders' Association of BC
Jason Zimmerman, Director of Publishing, Multiview, 469-420-2686 | Download media kit
Oliver Kirby, Senior Content Editor, Multiview, 289-695-5401 | Contribute News
Canadian Home Builders' Association of British Columbia 400-6400 Roberts Street | Burnaby, BC V5G 4C9 604-432-7112 | Contact Us | www.chbabc.org
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