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 2009 results reflect ongoing cost reductions, weak market conditions

Release Date: Thursday, March 11, 2010

Richmond, (BC) – Catalyst Paper (TSX:CTL) recorded a net loss attributable to the company of $4.4 million, or $0.01 per common share in 2009, compared to a net loss attributable to the company of $219.8 million, or $0.65 per common share in 2008.
Effective December 31, 2009, the company adopted U.S. generally accepted accounting principles (US GAAP) for presentation of its 2009 consolidated financial statements. As a consequence, the quarterly consolidated financial statements for 2009 have been restated into US GAAP and are being filed concurrently with the company’s annual consolidated financial statements.

Catalyst Paper proposes restart plan for Elk Falls paper mill

Release Date: Tuesday, March 9, 2010

Richmond, BC – Catalyst Paper (TSX:CTL) today announced that it resubmitted a proposal to the union that could allow for the restart of the Elk Falls paper mill at a labour cost, all in, of approximately $40 per hour. This reflects current market realities and includes changes to wages and benefits similar to those already implemented with management and staff employees. The company also indicated that, to date, 63 per cent of eligible hourly workers at the Elk Falls operation have elected the severance option arising from indefinite curtailment of the mill since February 2009.

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