**UNITED STATES**

**SECURITIES AND EXCHANGECOMMISSION**

**Washington,D.C.  20549**

**FORM 40-F**
| **o**  | ** ** | **REGISTRATION STATEMENT PURSUANT TO SECTION 12 OF  THE  SECURITIES EXCHANGE ACT OF 1934**    |
|--------|------------|-----------------------------------------------------------------------------------------------|
| **OR** |
| **x**  | ** ** | **ANNUAL REPORT PURSUANT TO  SECTION 13(a) OR 15(d) OF THE  SECURITIES EXCHANGE ACT OF 1934** |

 

| For the fiscal year ended  December 31, 2006 |   | Commission File  Number 333-105024 |
|----------------------------------------------|--------|------------------------------------|

 

| **CASCADES INC.**                                                                           |                                                                                                                                                                                                                                                                                                                                                                                 |
|---------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (Exact name of  registrant as specified in its charter)                                     |                                                                                                                                                                                                                                                                                                                                                                                 |
|                                                                                        |                                                                                                                                                                                                                                                                                                                                                                                 |
| **Not  Applicable**                                                                         |                                                                                                                                                                                                                                                                                                                                                                                 |
| (Translation of  Registrant’s name into English)                                       |                                                                                                                                                                                                                                                                                                                                                                                 |
|                                                                                        |                                                                                                                                                                                                                                                                                                                                                                                 |
| **Quebec,  Canada**                                                                         |                                                                                                                                                                                                                                                                                                                                                                                 |
| (Province or  other jurisdiction of incorporation or organization)                          |                                                                                                                                                                                                                                                                                                                                                                                 |
|                                                                                        |                                                                                                                                                                                                                                                                                                                                                                                 |
| **2600**                                                                                    |                                                                                                                                                                                                                                                                                                                                                                                 |
| (Primary Standard  Industrial Classification Code Number)                                   |                                                                                                                                                                                                                                                                                                                                                                                 |
|                                                                                        |                                                                                                                                                                                                                                                                                                                                                                                 |
| **98-0140192**                                                                              |                                                                                                                                                                                                                                                                                                                                                                                 |
| (I.R.S. Employer  Identification Number)                                                    |                                                                                                                                                                                                                                                                                                                                                                                 |
| ** **                                                                                  |                                                                                                                                                                                                                                                                                                                                                                                 |
| **404  Marie-Victorin Blvd.**                                                               |                                                                                                                                                                                                                                                                                                                                                                                 |
| **Kingsey  Falls, Quebec**                                                                  |                                                                                                                                                                                                                                                                                                                                                                                 |
| **Canada  J0A 1B0**                                                                         |                                                                                                                                                                                                                                                                                                                                                                                 |
| **(819)  363-5100**                                                                         |                                                                                                                                                                                                                                                                                                                                                                                 |
| (Address and  telephone number of Registrant’s principal executive offices)            |                                                                                                                                                                                                                                                                                                                                                                                 |
|                                                                                        |                                                                                                                                                                                                                                                                                                                                                                                 |
| **Cascades  USA Inc.**                                                                      |                                                                                                                                                                                                                                                                                                                                                                                 |
| **148  Hudson River Road**                                                                  |                                                                                                                                                                                                                                                                                                                                                                                 |
| **Waterford,  NY 12188**                                                                    |                                                                                                                                                                                                                                                                                                                                                                                 |
| **(518)  238-1900**                                                                         |                                                                                                                                                                                                                                                                                                                                                                                 |
| (Name, address (including  zip code) and telephone number (including area code)             |                                                                                                                                                                                                                                                                                                                                                                                 |
| of agent for  service in the United States)                                                 |                                                                                                                                                                                                                                                                                                                                                                                 |
|                                                                                        |                                                                                                                                                                                                                                                                                                                                                                                 |
| Securities registered or to be registered pursuant to  Section 12(b) of the Act:            |                                                                                                                                                                                                                                                                                                                                                                                 |
|                                                                                        |                                                                                                                                                                                                                                                                                                                                                                                 |
| Not Applicable.                                                                             |                                                                                                                                                                                                                                                                                                                                                                                 |
|                                                                                        |                                                                                                                                                                                                                                                                                                                                                                                 |
| Securities registered or to be registered pursuant to  Section 12(g) of the Act:            |                                                                                                                                                                                                                                                                                                                                                                                 |
|                                                                                        |                                                                                                                                                                                                                                                                                                                                                                                 |
| Not Applicable.                                                                             |                                                                                                                                                                                                                                                                                                                                                                                 |
|                                                                                        |                                                                                                                                                                                                                                                                                                                                                                                 |
| Securities for which there is a reporting obligation  pursuant to Section 15(d) of the Act: |                                                                                                                                                                                                                                                                                                                                                                                 |
| 71⁄4% Senior Notes due 2013                                                              |                                                                                                                                                                                                                                                                                                                                                                                 |
| 63⁄4% Senior Notes due 2013                                                              |                                                                                                                                                                                                                                                                                                                                                                                 |
|                                                                                        |                                                                                                                                                                                                                                                                                                                                                                                 |
|                                                                                        | For annual reports, indicate by check  mark the information filed with this Form:                                                                                                                                                                                                                                                                                                    |
|                                                                                        |                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |
|                                                                                        | x   Annual information  form                                                                                                                                                                                                                                                                                                                                          | x   Audited annual  financial statements |
|                                                                                        |                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |
|                                                                                        | Indicate the number of outstanding shares of each of  the issuer’s classes of capital or common stock as of the close of the period  covered by the annual report:                                                                                                                                                                                                              |
|                                                                                        |                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |
|                                                                                        | 99,533,654 shares of common stock outstanding as of  December 31, 2006                                                                                                                                                                                                                                                                                                               |
|                                                                                        |                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |
|                                                                                        | Indicate by check mark whether the Registrant by  filing the information contained in this Form is also thereby furnishing the  information to the Commission pursuant to Rule 12g3-2(b) under the Securities  Exchange Act of 1934 (the “Exchange Act”). If “Yes” is marked, indicate the  file number assigned to the Registrant in connection with such Rule. |
|                                                                                        |                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |
|                                                                                        | Yes   o     82-                                                                                                                                                                                                                                                                                                                              | No   x |
|                                                                                        |                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |
|                                                                                        | Indicate by check mark whether the Registrant (1) has  filed all reports required to be filed by Section 13 or 15(d) of the Exchange  Act during the preceding 12 months (or for such shorter period that the  Registrant was required to file such reports) and (2) has been subject to  such filing requirements for the past 90 days.                                             |
|                                                                                        |                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |
|                                                                                        | Yes   x                                                                                                                                                                                                                                                                                                                       | No   o |
|                                                                                             |                                                                                                                                                                                                                                                                                                                                                                                      |  |  |  |  |  |  |

 

 

----

# **Annual Audited ConsolidatedFinancial Statements**

For the AnnualAudited Consolidated Financial Statements, including the Auditors’ Report withrespect thereto, of Cascades Inc. (the “Registrant” or “Cascades” or the “Company”),see pages 36 to 75, respectively of Cascades’ 2006 Annual Report attachedhereto as Exhibit 13.2.  See Note 24 ofthe Notes to the Audited Consolidated Financial Statements on pages 68 through75 of Cascades’ 2006 Annual Report, describing the important differencesbetween Canadian and United States generally accepted accounting principles andreconciling net earnings, shareholders’ equity and balance sheet to UnitedStates generally accepted accounting principles.

#### **Management’sDiscussion and Analysis of Financial Position and Results of Operation**

For management’sdiscussion and analysis of financial position and results of operations, seepages 1 to 35 of Cascades’ 2006 Annual Report attached hereto as Exhibit 13.3.

## **Evaluationof Disclosure Controls and Procedures**

The Registrant conducted an evaluation (under thesupervision and with the participation of the Registrant’s management,including the Chief Executive Officer and Chief Financial Officer as ofDecember 31, 2006), pursuant to Rule 13a-15 promulgated under the SecuritiesExchange Act of 1934, as amended (the “Exchange Act”) of the effectiveness ofthe design and operation of the Registrant’s disclosure controls andprocedures.  Based on this evaluation,the Registrant’s Chief Executive Officer and Chief Financial Officer concludedthat such disclosure controls and procedures are effective to ensure thatinformation required to be disclosed by the registrant in reports it files orsubmits under the Exchange Act is recorded, processed, summarized and reportedwithin the time periods specified in the rules and forms of the Securities andExchange Commission (“SEC”).  It shouldbe noted that while the Registrant’s Chief Executive Officer and ChiefFinancial Officer believe that the Registrant’s disclosure controls andprocedures provide a reasonable level of assurance that they are effective,they do not expect that the Registrant’s disclosure controls and procedures orinternal control over financial reporting will prevent all errors andfraud.  A control system, no matter how wellconceived or operated, can provide only reasonable, not absolute, assurancethat the objectives of the control system are met.

**Changes in Internal Controls**

There was no change in the Registrant’s internalcontrol over financial reporting that occurred during the period covered bythis report that has materially affected, or is reasonably likely to materiallyaffect, its internal control over financial reporting.

**Code of Ethics**

For a discussion of the Company’s Code of Ethics, seepage 13 of Cascades’ Annual Information Form for the year ended December 31,2006 (“AIF”) attached hereto as Exhibit 13.1. There were neither amendments to nor waivers, including implicitwaivers, from any provision of the Code of Ethics during the fiscal year endedDecember 31, 2006 that applied to the Company’s principal executive officer,principal financial officer, principal accounting officer or controller, orpersons performing similar functions. The Code of Ethics is available on the Company’s website atwww.cascades.com.

**Audit Committee**

The Registrant has a separately designated standingaudit committee (the “Audit Committee”) established in accordance with Section3(a)(58)(A) of the Exchange Act.  TheAudit Committee is composed entirely of directors who are “independent”, assuch term is defined in the listing standards of the New York StockExchange.  All members of the AuditCommittee are financially literate and there are three “audit committeefinancial experts”.  In considering 

1

----

criteria for the determination of financial literacy,the Board of Directors considers the ability to read and understand a set offinancial statements that present a breadth and level of complexity ofaccounting issues that are generally comparable to the breadth and complexityof the issues that can reasonably be expected to be raised by the Registrant’sfinancial statements.  In determiningwhether Audit Committee members are “audit committee financial experts”, theBoard of Directors and the Audit Committee have considered the attributesdescribed by the SEC.  The “auditcommittee financial experts” are André Desaulniers, Robert Chevrier and JamesB.C. Doak.  The other member of the AuditCommittee is Laurent Verreault.

**Principal Accountant Fees and Services**

The aggregate fees for professional services renderedby PricewaterhouseCoopers LLP/s.r.l./s.e.n.c.r.l. for the Company for the 2006and 2005 fiscal years are shown in the table below:
| **Fees in Canadian dollars** | ** ** | **Year Ended  December 31, 2006** | ** ** | **Year ended  December 31, 2005** | ** ** |
|---------------------------------------------|------------|--------------------------------------------------|------------|--------------------------------------------------|------------|
| Audit Fees                                  |       | $                                                | 1,527,933  |                                             | $          | 1,617,005 |   |
| Audit-Related  Fees                         |       | $                                                | 295,392    |                                             | $          | 411,407 |   |
| Tax Fees                                    |       | $                                                | 313,146    |                                             | $          | 130,152 |   |
| All Other Fees                              |       | N/A                                              |       | N/A                                              |       |
| Total                                       |       | $                                                | 2,136,471  |                                             | $          | 2,158,564 |   |

Thenature of each category of fees is described below :

Audit Fees: Includes services provided by theindependent auditor in connection with statutory and regulatory filings andaudit of the annual financial statements of the Company.

Audit Related Fees: Includes services provided by theindependent auditor in connection with the Company’s issuance of Senior Notesas well as consultations on accounting and regulatory matters.

Tax Fees: Includes services rendered by theindependent auditor mainly for tax compliance.

All Other Fees: Not applicable.

**Audit And Non-Audit Services Pre-Approval Policy**

The Company’s Audit Committee has adopted aPre-approval Policy and Procedures for services provided by the Company’sindependent auditors, PricewaterhouseCoopers LLP/s.r.l./s.e.n.c.r.l. which setsforth the procedures and the conditions pursuant to which permissible servicesproposed to be performed by external auditors are pre-approved.  Under the terms of the policy, services thatinvolve annual fees of less than $35,000 are pre-approved.  The Audit Committee has delegated to theChairman of the Audit Committee pre-approval authority for any services notpreviously approved by the Audit Committee that involve the payment ofunbudgeted fees in excess of $35,000 up to a maximum of $50,000.  Services that involve fees of more than$50,000 require pre-approval of all the members of the Audit Committee.

**Percentage of Services Approved by the Audit Committee**

For the year ended December 31, 2006, none of theservices described above were approved by the Audit Committee pursuant toparagraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X.

**Off-Balance Sheet Arrangements**

For a discussion of off-balance sheet arrangements,see the section entitled “Off-Balance Sheet Arrangements” on page 29 ofCascades’ Management’s Discussion and Analysis of Financial Position and OperatingResults attached hereto as Exhibit 13.3.

2

----

**Tabular Disclosure of ContractualObligations**

For a tabular disclosure and discussion of contractualobligations, see the section entitled “Contractual Obligations and othercommitments” on page 29 of Cascades’ Management Discussion and Analysis ofFinancial Position and Operating Results attached hereto as Exhibit 13.3.

**Forward-Looking Statements**

Certain statements in this annual report on Form 40-For in documents incorporated by reference herein are forward-looking statements(as such term is defined under the United States Private Securities LitigationReform Act of 1995) based on current expectations. The accuracy of suchstatements is subject to a number of risks, uncertainties and assumptions thatmay cause actual results to differ materially from those projected, including,but not limited to, the effect of general economic conditions, decreases indemand for the Company’s products, increases in raw material costs, changes inthe relative values of certain currencies, fluctuations in selling prices andadverse changes in general market and industry conditions.  Reference is made to the section entitled “BusinessRisks” on page 13 of the AIF and to the section entitled “Risk management” onpages 32 and 33 in Cascades’ Management’s Discussion and Analysis ofFinancial Position and Operating Results attached hereto as Exhibit 13.3.

Consequently, all of the forward-looking statementsmade herein are qualified by these cautionary statements and there can be noassurance that the actual results on developments anticipated by the Companywill be realized.  The Company undertakesno obligation to update or revise any forward-looking statements.

# **Website Information**

Notwithstanding anyreference to the Registrant’s website on the internet in the AIF or in thedocuments attached as Exhibits hereto, the information contained in theRegistrant’s website or any other website on the internet referred to in theRegistrant’s website is not a part of this Form 40-F and, therefore, is notfiled with the SEC.

# **Undertaking**

The Registrantundertakes to make available, in person or by telephone, representatives torespond to inquiries made by the staff of the SEC, and to furnish promptly,when requested to do so by the SEC staff, information relating to: thesecurities registered pursuant to Form 40-F; the securities in relation towhich the obligation to file an annual report on Form 40-F arises; ortransactions in said securities.

**Consent to Service of Process**

The Registrant has previously filed with the SEC awritten consent to service of process and power of attorney on Form F-X/A.  Any change to the name or address of theRegistrant’s agent for service shall be communicated promptly to the SEC byamendment to the Form F-X referring the file number of the Registrant.

3

----

**SIGNATURES**

Pursuant to the requirements of the Exchange Act, theRegistrant certifies that it meets all of the requirements for filing on Form40-F and has duly caused this annual report to be signed on its behalf by theundersigned, thereto duly authorized.

CASCADES INC.
| By :                                               | /s/ Christian Dubé |   |
|----------------------------------------------------|-------------------------|--------|
| Name : Christian Dubé                         |
| Title : Vice President and Chief Financial Officer |
| Date : March 28, 2007                              |

 

4

----

**EXHIBITINDEX**
| Exhibit  Number | ** ** | **Description  of Exhibit (and document from   which incorporated by reference, if applicable)**                                                                                                                                                                                      | ** ** | **Note**   |
|-----------------|------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------|------------|
| ** **      | ** ** | ** **                                                                                                                                                                                                                                                                            | ** ** | ** ** |
| 3.1             |       | Articles of Amalgamation of Cascades Inc. filed with  the Inspector general of financial institutions of Quebec on January 10, 2004                                                                                                                                                   |       | (C)        |
|            |       |                                                                                                                                                                                                                                                                                  |       |       |
| 3.2             |       | By-laws of Cascades Inc., as amended                                                                                                                                                                                                                                                  |       | (B)        |
|            |       |                                                                                                                                                                                                                                                                                  |       |       |
| 4.1             |       | Indenture, dated as of February 5, 2003, among  Cascades Inc., the Subsidiary Guarantors named therein and The Bank of New  York, as Trustee                                                                                                                                          |       | (A)        |
|            |       |                                                                                                                                                                                                                                                                                  |       |       |
| 4.2             |       | First Supplemental Indenture, dated May 30, 2003, to  the Indenture, dated February 5, 2003, among Cascades Inc., the Existing  Subsidiary Guarantors named therein, the New Subsidiary Guarantors named  therein and The Bank of New York, as Trustee                                |       | (B)        |
|            |       |                                                                                                                                                                                                                                                                                  |       |       |
| 4.3             |       | Second Supplemental Indenture, dated December 30,  2003, to the Indenture, dated February 5, 2003, among Cascades Inc., the  Existing Subsidiary Guarantors named therein, the New Subsidiary Guarantors  named therein and The Bank of New York, as Trustee                          |       | (C)        |
|            |       |                                                                                                                                                                                                                                                                                  |       |       |
| 4.4             |       | Third Supplemental Indenture, dated March 16, 2004,  to the Indenture, dated February 5, 2003, among Cascades Inc., the Existing  Subsidiary Guarantors named therein, the New Subsidiary Guarantor named  therein and The Bank of New York, as Trustee                               |       | (C)        |
|            |       |                                                                                                                                                                                                                                                                                  |       |       |
| 4.5             |       | Fourth Supplemental Indenture, dated July 8, 2004,  to the Indenture, dated February 5, 2003, among Cascades Inc., the Existing  Subsidiary Guarantors named therein, the New Subsidiary Guarantor named  therein and The Bank of New York, as Trustee                                |       | (C)        |
|            |       |                                                                                                                                                                                                                                                                                  |       |       |
| 4.6             |       | Fifth Supplemental Indenture, dated August 26, 2004,  to the Indenture, dated February 5, 2003, among Cascades Inc., the Existing  Subsidiary Guarantors named therein, the New Subsidiary Guarantors named  therein and The Bank of New York, as Trustee                             |       | (C)        |
|            |       |                                                                                                                                                                                                                                                                                  |       |       |
| 4.7             |       | Sixth Supplemental Indenture, dated November 30,  2004, to the Indenture, dated February 5, 2003, among Cascades Inc., the  Existing Subsidiary Guarantors named therein, the New Subsidiary Guarantors  named therein and The Bank of New York as Trustee                            |       | (C)        |
|            |       |                                                                                                                                                                                                                                                                                  |       |       |
| 4.8             |       | Seventh Supplemental Indenture, dated April 27,  2006, to the Indenture, dated February 5, 2003, among Cascades Inc., the  Existing Subsidiary Guarantors named therein, the New Subsidiary Guarantor  named therein and The Bank of New York, as Trustee                             |       | (E)        |
|            |       |                                                                                                                                                                                                                                                                                  |       |       |
| 4.9             |       | Eighth Supplemental Indenture, dated September 20,  2006, to the Indenture, dated February 5, 2003, among Cascades Inc., the  Existing Subsidiary Guarantors named therein, the New Subsidiary Guarantor  named therein and The Bank of New York, as Trustee                          |       | (E)        |
|            |       |                                                                                                                                                                                                                                                                                  |       |       |
| 4.10            |       | Ninth Supplemental Indenture, dated November 8,  2006, to the Indenture, dated February 5, 2003, among Cascades Inc., the  Existing Subsidiary Guarantors named therein, the New Subsidiary Guarantor  named therein and The Bank of New York, as Trustee                             |       | (E)        |
|            |       |                                                                                                                                                                                                                                                                                  |       |       |
| 4.11            |       | Tenth Supplemental Indenture, dated December 28,  2006, to the Indenture, dated February 5, 2003, among Cascades Inc., the  Existing Subsidiary Guarantors named therein, the New Subsidiary Guarantors  named therein and The Bank of New York, as Trustee                           |       | (E)        |
|            |       |                                                                                                                                                                                                                                                                                  |       |       |
| 4.12            |       | Indenture, dated May 28, 2003, among Norampac Inc.,  the Subsidiary Guarantors named therein and The Bank of Nova Scotia Trust  Company of New York, as Trustee                                                                                                                       |       | (B)        |
|            |       |                                                                                                                                                                                                                                                                                  |       |       |
| 4.13            |       | First Supplemental Indenture, dated July 30, 2004,  to the Indenture, dated May 28, 2003, among Norampac Inc., the Existing  Subsidiary Guarantors named therein, the New Subsidiary Guarantors named  therein and The Bank of Nova Scotia Trust Company of New York, as Trustee      |       | (E)        |
|            |       |                                                                                                                                                                                                                                                                                  |       |       |
| 4.14            |       | Second Supplemental Indenture, dated December 28,  2006, to the Indenture, dated May 28, 2003, among Norampac Inc., the Existing  Subsidiary Guarantors named therein, the New Subsidiary Guarantors named  therein and The Bank of Nova Scotia Trust Company of New York, as Trustee |       | (E)        |

 

----

 
| 4.15   |   | Third Supplemental Indenture, dated as of December  29, 2006, to the Indenture dated as of May 28, 2003 among Norampac Inc. as  predecessor issuer, the Subsidiary Guarantors named therein and The Bank of  Nova Scotia Trust Company of New York, as Trustee, among Cascades Inc., the  Subsidiary Guarantors named therein and The Bank of New York, as Trustee |   | (E)    |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|
|   |   |                                                                                                                                                                                                                                                                                                                                                               |   |   |
| 10.1   |   | Asset Purchase Agreement, dated November 16, 2005,  among Cascades Fine Papers Group Inc., Cascades Inc. and Coast Paper Limited  (now known as Spicers, a division of PaperlinX Canada Limited)                                                                                                                                                                   |   | (D)    |
|   |   |                                                                                                                                                                                                                                                                                                                                                               |   |   |
| 10.2   |   | Credit Agreement, dated as of December 29, 2006,  among Cascades Inc., Cascades USA Inc., Cascades Europe SAS, Cascades  Arnsberg GmbH, The Bank of Nova Scotia, as administrative and collateral  agent, National Bank of Canada, as co-administrative agent, Canadian Imperial  Bank of Commerce, and a syndicate of lenders named therein, as lenders           |   | (E)    |
|   |   |                                                                                                                                                                                                                                                                                                                                                               |   |   |
| 10.3   |   | Share Purchase Agreement, dated December 28, 2006,  among Cascades Inc. and Domtar Inc.                                                                                                                                                                                                                                                                            |   | (E)    |
|   |   |                                                                                                                                                                                                                                                                                                                                                               |   |   |
| 10.4   |   | Cost Sharing Agreement, dated December 28, 2006,  among Cascades Inc. and Domtar Inc.                                                                                                                                                                                                                                                                              |   | (E)    |
|   |   |                                                                                                                                                                                                                                                                                                                                                               |   |   |
| 13.1   |   | Annual Information Form for the year ended December  31, 2006                                                                                                                                                                                                                                                                                                      |   | (E)    |
|   |   |                                                                                                                                                                                                                                                                                                                                                               |   |   |
| 13.2   |   | Audited Consolidated Financial Statements for the  year ended December 31, 2006 together with the Auditors’ Report thereon                                                                                                                                                                                                                                    |   | (E)    |
|   |   |                                                                                                                                                                                                                                                                                                                                                               |   |   |
| 13.3   |   | Management’s Discussion and Analysis for the year  ended December 31, 2006                                                                                                                                                                                                                                                                                    |   | (E)    |
|   |   |                                                                                                                                                                                                                                                                                                                                                               |   |   |
| 23.1   |   | Independent Auditors’ Consent                                                                                                                                                                                                                                                                                                                                 |   | (E)    |
|   |   |                                                                                                                                                                                                                                                                                                                                                               |   |   |
| 31.1   |   | CEO Section 302 Certification                                                                                                                                                                                                                                                                                                                                      |   | (E)    |
|   |   |                                                                                                                                                                                                                                                                                                                                                               |   |   |
| 31.2   |   | CFO Section 302 Certification                                                                                                                                                                                                                                                                                                                                      |   | (E)    |
|   |   |                                                                                                                                                                                                                                                                                                                                                               |   |   |
| 32.2   |   | CEO and CFO Section 906 Certification                                                                                                                                                                                                                                                                                                                              |   | (E)    |

----

(A)            Previouslyfiled as an exhibit to Cascades Inc.’s Registration Statement on Forms F-4 andS-4 (Reg. No. 333-105024), filed on May 6, 2003 and incorporated herein byreference.

(B)              Previouslyfiled as an exhibit to Amendment No. 1 to Cascades Inc.’s RegistrationStatement on Forms F-4 and S-4 (Reg. No. 333-105024), filed on July 18, 2003and incorporated herein by reference.

(C)              Previouslyfiled as an exhibit to Cascades Inc.’s Annual Report on Form 40-F, filed onMarch 24, 2005 and incorporated herein by reference.

(D)             Previouslyfiled as an exhibit to Cascades Inc.’s Annual Report on Form 40-F, filed onMarch 26, 2006 and incorporated herein by reference.

(E)               Filedherewith.

----