Corporations with a permanent establishment in Saskatchewan that have taxable paid-up capital or a value of resource sales must file a return and pay any balance of tax owing within six months following the close of the fiscal year.
Corporations which have paid-up capital in excess of $10 million are required to file a Corporation Capital Tax return. General corporations with a fiscal year beginning after June 30, 2008 which are not a financial institution, a crown corporation or a resource corporation are not required to file a Corporation Capital Tax return.
Resource corporations are subject to a Corporation Capital Tax Resource Surcharge. A "resource corporation" is defined as:
- A corporation that has a value of resource sales and which has taxable paid-up capital after deducting the $10 million standard exemption, the additional exemption, goodwill allowance, and the investment allowance but not the deferred exploration and development expenses; or
- A resource corporation that has assets in excess of $100 million (including assets of all associated corporations).
Resource corporations are required to complete all sections of the return for verification purposes to ensure only those corporations which meet the definition of a resource corporation are liable to pay the tax.
How to File
Your Corporation Capital Tax return is due within six months from the close of your corporation's fiscal year. Amalgamations also require that a Saskatchewan Corporation Capital tax return be filed for the date prior to when the amalgamation occurred. If you 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.
Please forward a completed and signed return along with the relevant back-up to:
Ministry of Finance
Regina SK S4P 2Z6
There are several ways to pay any balance of tax owing:
- Make a payment using Saskatchewan eTax Services(SETS) which is an online service that offers a secure, fast and convenient way to pay your Corporation Capital Tax liability.
- Make payments through internet banking or through some chartered banks in Canada.
- Mail or courier payments to the Ministry of Finance.
- Wire payments to the Ministry of Finance.
Corporation Capital Tax Return
Corporation Capital Tax Remittance Advice