Breaking New Ground—Stories from Defence Construction Breaking_new_ground | Page 95
Did You Know?
In 1991–92, a reduction in total contract values was
attributed to the elimination of the Federal Sales Tax
and its replacement with the Goods and Services Tax.
The former had been included in the value of the work
put into place, but the latter was not. DCC negotiated
tax credits worth millions of dollars for National Defence
in anticipation of this change.
How low can we go?
The recession prompted the