Manufacturing and Processing Profits Tax Reduction
1.
Where do I send my application?
For
fiscal years ending in 1999 or earlier, applications should
be forwarded to Saskatchewan Finance at 2350 Albert Street
in Regina. These applications will be processed and cheques
issued by Saskatchewan Finance.
The Canada
Revenue Agency administers the program for fiscal years ending
after December 31, 1999. Schedule 404 should be completed and
remitted with the T2 Corporation Income Tax return. Credits will
be applied directly against any Saskatchewan Tax payable calculated
on the return.
2.
What if I have had a reassessment?
Reassessments
for 1999 and prior fiscal year ends should be forwarded to Saskatchewan
Finance to adjust the credit calculated. Reassessments for 2000
and later will be adjusted upon reassessment by the Canada Revenue
Agency.
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