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Financial Relief Coming For Residents Affected By Drywall Tariff

Fort McMurray, AB, Canada / MIX 103.7
Financial Relief Coming For Residents Affected By Drywall Tariff

Federal Finance Minister Bill Morneau (left) meets with a family who's rebuilding in Beacon Hill.

If you’re rebuilding your home and have had to pay duties on drywall, compensation could be coming your way.

Federal Finance Minister Bill Morneau visited the region Monday, where he announced they’ll use roughly $12 million in anti-dumping duties, collected between September and January, to provide relief for homeowners, contractors and builders affected by the higher drywall costs.

Back in October, Wood Buffalo Council had asked the federal government to offer grants to help offset the increase in drywall costs for those rebuilding in the region.

Morneau says anyone affected could get about $300.

“The funds will be available in the next few months. We’ll have some more announcements on the exact process.”

Morneau also announced the Feds have reduced anti-dumping duties on imported drywall from the US, by lowering the minimum import prices by more than 32 per cent.

Last month, the Canadian Trade Tribual backed the recent tariff on drywall stating that the dumping of Gypsum board from the states has caused injury to the Canadian industry.

Preliminary duties of up to 276 per cent imposed in September were blamed by industry for price increases of 30 to 50 per cent. However, permanent duties were lowered, not exceeding 43 per cent.

The tariff was sparked by a complaint from CertainTeed Gypsum. Regional Manufacturing Manager Ben White says the funding announcement is good news for Fort Mcmurray and the construction industry.

“For us, this case has always been about jobs and free and fair trade. We have to study the Minister’s announcement very closely, but like I said, we’re here supporting Fort McMurray and really moving forward in the construction process.”

 

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