Thursday, May 22, 2014

Federal funding now available for British Columbia communities Canada’s Gas Tax Fund supports local infrastructure priorities throughout British Columbia

Quick Facts

  • Canada's Gas Tax Fund transfer has provided $13 billion to Canadian communities to date. Over the 10-year life of the New Building Canada Plan from 2014 to 2024, the Gas Tax Fund will provide close to $22 billion in funding for local governments.
  • In total, the New Building Canada Fund will provide $53 billion in funding to communities across the country over the next decade. For British Columbia, this represents almost $3.9 billion in dedicated federal funding, including almost $1.1 billion under the New Building Canada Fund and an estimated $2.76 billion under the federal Gas Tax Fund*. British Columbia also stands to benefit from the Government of Canada’s following national funding programs:
  • $4 billion available across the country for projects of national significance, $1.25 billion in additional funding available for public-private partnerships (P3) projects, $10.4 billion via the GST Rebate, which provides local governments across the country with additional resources to address their infrastructure priorities
  • Eligible investment categories under this Fund include: drinking water; wastewater; solid waste; public transit community energy systems; local roads and bridges; capacity building; disaster mitigation; broadbandconnectivity; highways; short-line rail; short-sea shipping; brownfield redevelopment; regional and local airports; and projects supporting culture, tourism, sport and recreation.

A funding table is now available for all local governments in British Columbia receiving allocated funds: http://www.ubcm.ca/assets/Funding~Programs/Renewed~Gas~Tax~Agreement/Community~Works~Fund/1.%202014-GTA-Allocation-Web-Final.pdf

Learn more about the federal Gas Tax Fund: www.infrastructure.gc.ca/plan/gtf-fte-eng.html
Read the new Canada–British Columbia federal Gas Tax Fund agreement:www.infrastructure.gc.ca/prog/agreements-ententes/gtf-fte/2014-bc-eng.htmle/2014-bc-eng.html
*NOTE: GTF funding by jurisdiction for the first five years (2014-2019) is based on 2011 Census data. GTF funding for 2019-2024 will be based on 2016 Census data. For illustrative purposes, Census 2011 data has been used for all 10 years. Due to the indexation of the GTF, funding for 2019-2024 is expected to be at least equal to GTF funding for the first five years.

Some of the Local Projections from B.C. Table:


CWF Payment information is based on current census data. Boundary changes, incorporations of new local governments may also vary the available funding in subsequent years. Funds are subject to Federal transfer of Gas Tax.

1 comment:

Shawn Lee said...

The new Council in the fall with a four year term will get a chance to set additional infrastructure priorities for most of the life of this funding cycle from the Federal Government. We should remember however that tax money whether gas tax or otherwise is our money. Cheers Shawn Lee a Vernon Taxpayer.