Northcote Voice
MLA Prince Albert Northcote
Prince Albert moved forward last week with the official ground breaking ceremony for the new Pineview Terrace Lodge. Representatives from all levels of government and many local residents were in attendance to launch the construction phase of this $24 million project. Local communities have negotiated to fund $4.5 million over the next three years.
As Saskatchewan Health Minister Don McMorris said,” It's a great day for people that will move from the current, outdated facility, and that we're able to provide them with much better living accommodations into the future.”
Our government is also addressing the challenges of finding affordable housing for other Saskatchewan residents by working on many fronts to increase rental housing in Saskatchewan.
Our Government is taking another step forward to providing quality rental housing across the province. The new Corporate Income Tax Rebate deals with one of the concerns regarding the current corporate income tax structure. This has been identified as a barrier to the development of new rental housing in our province. The rebate will help add 10,000 new rental units to the province by the end of 2016 at a cost of $34 million for the first five years. Corporations eligible for this rebate will receive the two per cent small business tax rate instead of the 12 per cent general Corporate Income Tax rate. Applications for registering eligible new residential rental housing are available by visiting the Saskatchewan Housing Corporation website , calling toll-free 1-800-667-7567 or contacting the SHC office in Regina at 306-787-4177.