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