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News Release - May 28, 2008 FIRE TRUCKS FOR REGINA AND SASKATOON AIRPORT AUTHORITIES NOW PST-EXEMPTFire trucks purchased by the Regina and Saskatoon Airport Authorities are now Provincial Sales Tax (PST) exempt. "Effective today, these airport authorities will realize substantial savings on fire truck purchases," Finance Minister Rod Gantefoer said. "This measure brings these two airport authorities in line with the PST exemption enjoyed by the other municipal airports in the province." Fire trucks typically cost between $500,000 - $1 million, which means a PST exemption of between $25,000 - $50,000. In the late 1990s, the province agreed to specific targeted PST exemptions for certain types of equipment purchased by municipalities. These included a PST exemption for fire trucks purchased by municipalities, a measure which was implemented in 1998. Providing this PST exemption is consistent with the federal Goods and Services Tax (GST) treatment of airport authorities which are treated like municipalities (effectively GST exempt). Extending the exemption to fire trucks purchased by airport authorities will require minor amendments to The Municipal Fire Truck (PST) Exemption Regulations. These amendments will be made in the near future. The exemptions are not retroactive. -30- For more information, contact: Lorri Thacyk |
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