Northbridge can claim tax credits for trucking company policies, court rules

Northbridge Insurance is allowed to claim GST input tax credits for insurance policies it issued to trucking companies operating in both Canada and the United States, the Federal Court of…

Diesel hit hard in Federal Excise Tax changes

TORONTO, ON - Planned changes to the Federal Excise Tax (FET) on diesel fuel would eliminate exemptions for Temperature Control Units like reefers, Auxiliary Power Units, bunk heaters, and Power Take-Off units. And that threatens annual refunds of $800 to $1,000 per tractor-trailer as of July 1, according to the Canadian Trucking Alliance (CTA). "I am extremely disappointed," says chairman Gene Orlick. "The decision to drop this rebate is because another industry [airlines] abused the system, making unique claims for lighting and other electricity in their operations." When the Federal Excise Tax was first added to diesel in 1982, it was only meant to be applied to transportation fuel, according to a CTA briefing note about new language in the federal budget's Notice of Ways and Means Motion.

Atlantic Truckers Hit With Higher Diesel Tax

DIEPPE, NB - New Brunswick's 2015-2016 budget will hit Atlantic truckers' pocketbooks with a 2.3-percent tax hike on diesel.

Harper cuts tax for LNG projects

OTTAWA, ON- Prime Minister Stephen Harper announced last week that he's cutting taxes on liquefied natural gas (LNG) projects in an effort to kick-start investment to the industry.

Some Fleets Could Get Millions for New Trucks, Alt. Fuels

WASHINGTON, D.C.- Trucking companies in the U.S. could get hundreds of millions of dollars in tax breaks in 2015 for everything from buying new trucks to using alternative fuels such as natural gas.

Tax May Cause Canadian Trucks to Be Turned Around at Border

NEW YORK, NY - U.S. officials are stepping up enforcement on Canadian carriers regarding payment of the federal heavy duty vehicle use tax (HVUT), which may result in some trucks being turned around at the border.

Ontario taxation changes will benefit the industry

TORONTO -- The Ontario Trucking Association is applauding the province's budget move that will harmonize the provincial sales tax (PST) with the federal goods and services tax (GST).

Manitoba budgets for highway improvements despite lowering business taxes

WINNIPEG -- Manitoba's government delivered its ninth consecutive balanced budget and followed in the national trend of including significant funding for highway improvements.

Mullen to go corporate

OKOTOKS, Alta. -- One more trucking income trust has jumped on the corporate bandwagon. The Mullen Group Income Fund has revealed its intention to become the latest transport outfit to convert into a corporation.

B.C. makes plans for tax harmony

VICTORIA -- B.C. has made plans to harmonize its provincial sales tax with the federal GST next Canada Day.

B.C. truckers high-five new tax

VICTORIA -- Canada's westernmost province is planning to harmonize its provincial sales tax with the federal GST next July and the trucking industry here stands to benefit from the idea.

Feds pave way for HST vote, OTA says it’s long overdue

OTTAWA -- The federal government and the opposition parties have finally agreed on something, allowing Ontario and B.C. to harmonize their sales taxes with the GST.

Northern government seeks tax relief

WHITEHORSE -- The price of fuel is beginning to pinch consumers, and remote areas of Canada are getting squeezed the hardest.

FOLLOW UP: Truckers celebrate Tory cut to ‘hated’ tax

OTTAWA -- It's "delightfully appropriate" that the federal Conservatives' announcement to slash in half the excise tax on diesel fuel comes during National Trucking Week, several leaders of Canada's truck carrier community point out.