Drywall Tariff Update
Since the fall of 2016, UDI has been working with the Canadian Home Builder’s Association (CHBA) and other stakeholders on the Drywall Tariff issue. On February 27th, the Federal Minister of Finance, the Hon. Bill Morneau announced the Government would be implementing the recommendations of a Canadian International Trade Tribunal on the Tariff. This includes substantial tariff reductions (effective February 24, 2017). Further, the Federal Government will be taking the $12 million that was collected through the tariff and “… use this amount of duties to establish a program to provide relief to builders and drywall contractors for the higher cost of imported and domestically produced drywall. This program is intended to provide relief to builders and contractors who were unable to pass through elevated drywall costs, due to fixed-price building contracts committed to before the imposition of duties.”
Please see the links below for further information:
Federal government announcement: http://www.fin.gc.ca/n17/17-007-eng.asp
Backgrounder: http://www.fin.gc.ca/n17/data/17-007_1-eng.asp.
CHBA News Release: http://www.chba.ca/CHBA/News/Drywall_Decision_Seeks_to_Remedy_Excessive_Duties_Contrary_To_Canada_s_Economic_Interests.aspx
