Information Circulars - Crown Royalty and Freehold Production Tax Structures and Drilling Incentives
Find information circulars related to Crown royalty and freehold production tax structures, available drilling incentives and valuation policies applicable to crude oil and natural gas.
Crown Royalty and Freehold Production Tax Rate Formula Factors and Royalty Rate Calculator
Use the current and historical monthly royalty/tax formula factors for both crude oil and natural gas and a downloadable spreadsheet file to calculate the Crown royalty and freehold production tax rates applicable to various oil and gas well types at various well productivity levels.
Royalty/Tax Rate Calculators
Crown Royalty and Freehold Production Tax Forms and Instruction Directives
Use these forms to report and pay crude oil and natural gas Crown royalty and freehold production taxes.
The EOR Operator’s Return and accompanying schedules A, B, and C (the schedules are optional) are used to determine the Crown royalty and freehold production tax payable on EOR oil produced from an EOR project in Saskatchewan. The return and optional schedules are completed for a royalty/taxation year (calendar year, unless otherwise approved by the Minister of Energy and Resources) and submitted by the operator of the EOR project. The regulations provide for two reporting requirements:
- An “estimated” EOR Operator’s Return is to be filed with the ministry one month prior to the beginning of each royalty/taxation year. Its purpose is to determine the rates to be used in calculating the monthly royalty/tax instalments during the royalty/taxation year. Filing of schedules A, B and C is optional.
- An “actual” EOR Operator’s Return is to be filed with the ministry no later than three months subsequent to the end of each royalty/taxation year. The return determines the actual royalty/tax liability for the royalty/taxation year. Filing of schedules A, B and C is also optional with the “actual” EOR Operator’s Return.
For additional information, please refer to the Instructions for filing EOR Operator's Return 692 (PNG09ID01).
Saskatchewan Petroleum Research Incentive
Operators of projects that have been approved under the Saskatchewan Petroleum Research Incentive Program (SPRI) can claim credits toward the remission of royalties and taxes by submitting a completed copy of the form. Each form shall be accompanied by a list of the expenses incurred by the project, broken down into the categories of eligible research costs.