Saskatchewan Manufacturing and Processing Profits Tax Reduction
Saskatchewan Finance
Last Verified:
2005-05-06
The Revenue Division provides information and administers all aspects of the Saskatchewan Manufacturing and Processing Profits Tax Reduction. The province will provide a tax reduction to firms in the manufacturing and processing industry. The Saskatchewan Corporate Income Tax rate will be reduced by as much as 7% based on the allocation of income to the province. The tax reduction is effective July 1, 1995.
For fiscal years beginning after December 31, 1999 the tax reduction will be administered by the Canada Revenue Agency. Corporations must complete schedule 404 in the T2 Corporation Income Tax return. Credits will be applied directly against any Saskatchewan Income Tax payable calculated on the T2 return.
Eligibility Criteria
Manufacturing and Processing corporations with taxable income in the province.
Saskatchewan Contact(s):
Mr.
Larry
Jacobson
Revenue Division
Saskatchewan Finance
3rd Floor
2350 Albert Street
Regina, Saskatchewan
S4P 4A6
Telephone: (306) 787-7773
Fax: (306) 787-0241
Toll-free (information): 1-800-667-6102
|