1. Our company has had an amalgamation. What documents are required
to be filed?
Upon an amalgamation
or legal name change, the corporation is required to forward a
copy of the certificate of amalgamation or name change. Amalgamations
also require that a Saskatchewan Corporation Capital tax return
be filed for the date prior to when the amalgamation occurred.
If your company has amalgamated with another company who also
has a corporation capital tax number, we request that you inform
us which account number you would like to continue filing under.
2. What are
the current interest rates?
Interest rates
are set every six months. Interest is charged on late or underpaid
taxes and interest is paid on tax overpayments.
|
Taxes
Owed |
Tax
Overpayment |
| Jan
1/2001 to June 30/2001 |
10.50% |
7.50% |
| July
1/2001 to Dec 31/2001 |
9.25% |
6.25% |
| Jan
1/2002 to June 30/2002 |
7.00% |
4.00% |
| July
1/2002 to Dec 31/2002 |
7.25% |
4.25% |
| Jan
1/2003 to June 30/2003 |
7.50% |
4.50% |
| July
1/2003 to Dec 31/2003 |
8.00% |
5.00% |
| Jan
1/2004 to June 30/2004 |
7.50% |
4.50% |
| July
1/2004 to Dec 31/2004 |
6.75% |
3.75% |
| Jan
1/2005 to June 30/2005 |
7.25% |
4.25% |
| July
1/2005 to Dec 31/2005 |
7.25% |
4.25% |
| Jan
1/2006 to June 30/2006 |
8.00% |
5.00% |
| July
1/2006 to Dec 31/2006 |
9.00% |
6.00% |
| Jan
1/2007 to June 30/2007 |
9.00% |
6.00% |
3.
Are instalments payments required to be paid in the first year
I become taxable?
If the corporation
will be paying less than $4,800 in tax annually, no instalment
payments are required. If the corporation will be paying $4,800
or more annually, the corporation is required to remit equal monthly
instalments of at least 75% of the tax payable for the first fiscal
year. If instalments of less than this amount are remitted, interest
charges will be levied on the deficit amounts.
|
©2006
