Heritage Canada Foundation disappointed in federal budget

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Heritage Canada Foundation disappointed in federal budget

Postby newsposter » Sat May 13, 2006 12:20 pm

Heritage Canada Foundation disappointed in federal budget – Communiqué

Ottawa, ON May 2, 2006 - Canada's national voice for the conservation of historic places expressed disappointment that the federal government has yet again missed an opportunity to encourage investment in Canadian communities. For decades, the Heritage Canada Foundation and its partners in architecture, urban planning and municipal affairs have asked for changes to the federal tax system that would encourage Canadians to rehabilitate deteriorating heritage buildings.

According to Natalie Bull, executive director of the foundation, "For several decades, many municipalities and provinces have offered tax-based incentives - it is high time the federal government stepped up." She added, "Rehabilitated historic buildings and districts are known to generate tourism dollars and new jobs. Projects like the Distillery District in Toronto and the Lougheed Building in Calgary enhance our communities instead of sending building material to the landfill."

In the United States, approximately 1,000 buildings a year are rehabilitated through its tax incentive program.

Canada is the only G8 country that doesn't have federal tax incentives to encourage private sector investment in the country's historic buildings.

http://www.heritagecanada.org
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