Municipal Property Taxation

Open Dialogue and Briefs to Governments

During the past five years, Catalyst has:

Paid $126 million in municipal property taxes.
Contributed more than $600 million to the province through direct, indirect and induced taxes.

Municipal Taxes

About half of Catalyst’s losses over the past five years have been caused by uncompetitively high municipal taxes.
Efforts to persuade the municipalities to bring their taxes down to reasonable levels have been largely unsuccessful.
With the recession and the credit crunch, the company was not in a position to borrow the money — about $23 million — to pay 2009 municipal property taxes at traditional levels, which are far higher than can be competitively supported.

On July 1, 2009, Catalyst paid $1.5 million to each municipality where its mills are based, along with school and other taxes collected by the municipality on behalf of other governments.

Review the Municipal Sustainability Model-Consumption of Service Analysis prepared for each community and the correspondence to governments on this issue.

Open Dialogue and Briefs to Government of BC

Attachment	Size
1. Property Tax Community Direct Mail - Campbell River	419.25 KB
2. Property Tax Community Direct Mail - North Cowichan	567.81 KB
3. Property Tax Community Direct Mail - Port Alberni	652.38 KB
4. Property Tax Community Direct Mail - Powell River	179.58 KB
Property Tax Situation - Letter (January 29 2009)	102.78 KB
Property Tax Situation - Attachment (January 29 2009)	65.81 KB
Catalyst Phase 1 Report Volume I	1.84 MB
Catalyst Phase 1 Report Volume II	719.19 KB
Catalyst Phase 1 Report Volume III	1.93 MB
Campbell River MSM Report (Final).pdf	3.46 MB
Campbell River Appendices (Final).pdf	3.09 MB
North Cowichan MSM Report (Final).pdf	1.62 MB
North Cowichan Appendices (Final).pdf	2.69 MB
Port Alberni MSM Report (Final).pdf	1.99 MB
Port Alberni Appendices (Final).pdf	2.65 MB
Powell River MSM Report (Final).pdf	4.73 MB
Powell River Appendices (Final).pdf	2.49 MB

Recent News

Catalyst Paper names new Chairman of the Board

Release Date: Thursday, July 29, 2010

Richmond, BC – Catalyst Paper (TSX:CTL) today announced several changes to its board of directors which take effect July 30, 2010.

Assuming the role of chairman is Benjamin Duster IV, former chairman of Algoma Steel. Mr. Duster joined the Catalyst board in December 2007 bringing 20 years of Wall Street experience. He is a graduate of Harvard Business and Harvard Law Schools and was admitted to the Illinois Bar in 1985. Mr. Duster is a director on several corporate boards including Jazz Air Holding GP Inc.

Catalyst Q2 results impacted by asset write-down

Release Date: Thursday, July 29, 2010

Richmond, (BC) – Catalyst Paper (TSX:CTL) recorded a net loss of $368.4 million ($0.96 per common share) on sales of $299.4 million for the second quarter of 2010. Results were significantly impacted by after-tax impairment and closure costs of $302.0 million on the permanent closure of the Elk Falls and Paper Recycling Divisions. The net loss before specific items was $43.9 million ($0.11 per common share) compared to $37.6 million ($0.10 per common share) in the previous quarter. Specific items included a $21.3 million after-tax foreign exchange loss on the translation of long-term debt.

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