January 17, 2024 | Circular No. 11620

Dear Member,

Please note that the dredging tariff will be increased from $0.0559 per GRT to $0.0583 per GRT, effective the 1st of April, 2024.  Please click here for the letter from Department of Fisheries and Oceans.

The mechanism in establishing the tariff was set out in the tariff schedule of June 1, 2003, (our Circular Letter 8166), which indicates that the rate per GRT will be indexed to inflation on the 1st of April of each year, based on the consumer price index (CPI) from the previous calendar year.  The CPI for the fiscal year for 2023 was 4.4%.

Sincerely,

Mario Minotti
Director, Finance & Administration