Construction investment slowed by Sask. Party tax hike

With investment in construction in Saskatchewan at a 10-year low, the NDP Opposition is calling on the government to finally accept the damage done by the expansion of PST to construction labour and repeal it. The latest call comes after Statistics Canada reported that Saskatchewan saw a 16.6 per cent decline in investment in residential construction between March and April – the worst decline in the entire country.

“Hiking the PST and imposing it on construction labour has done nothing but hurt contractors and tradespeople, who are vital to the province’s economy,” said NDP Finance Critic Trent Wotherspoon. “Investment in construction in the province in April fell to its lowest level in a decade. That should be a wakeup call to all that we need a government willing to scrap this damaging tax hike.”

Saskatchewan also saw a decline in non-residential construction investment between March and April.

Investment in construction is down, the value of building permits have plunged, and thousands of jobs have been cut because of this wrong-headed tax,” Wotherspoon said. “It’s long past time to get rid of this – too many workers and businesses are suffering because of it.”