Corporation Capital Tax (CCT) is imposed on Financial Institutions and commercial Crown corporations which have paid-up capital in excess of $10 million. An additional exemption of $10 million is available based upon the proportion of total salaries and wages that are paid in Saskatchewan by a taxable corporation, divided by the salaries and wages of the corporation and all its associated corporations.
Effective April 1, 2026, CCT on small Financial Institutions is eliminated, and effective April 1, 2027 CCT on Crown corporations is eliminated. Corporations with fiscal years that end after the elimination date must file a final CCT return within six months from the close of the fiscal year.
In addition, large resource corporations are subject to a Resource Surcharge on the value of resource sales of oil, natural gas, potash, uranium, and coal in Saskatchewan.
Tax Rates
Financial Institutions
- Effective April 1, 2026 the large Financial Institution CCT rate will increase from 4.0 per cent to 6.0 per cent.
- The CCT rate for small Financial Institutions is 0.7 per cent and is eliminated effective April 1, 2026.
- A small Financial Institution is defined as having $1.5 billion or less in Canadian taxable paid-up capital among all its associated corporations. Credit Unions and insurance corporations are exempt from CCT.
Crown Corporations
- Effective April 1, 2026, the CCT rate for federal and provincial commercial Crown corporations is reduced from 0.6 per cent to 0.3 per cent, and fully eliminated April 1, 2027. The Telecommunications Tax of 0.9 per cent will also be fully eliminated April 1, 2027.
Resource Corporations
- The Resource Surcharge rate is 3.0 per cent of the value of sales of all potash, uranium, and coal produced in Saskatchewan, and oil and natural gas produced from wells drilled in Saskatchewan prior to October 1, 2002.
- For oil and natural gas produced from wells drilled in Saskatchewan after September 30, 2002, the Resource Surcharge rate is 1.7 per cent of the value of sales. The Resource Surcharge applies to resource trusts in addition to resource corporations.
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, 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 affiliated and 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.
Corporation Capital Tax Bulletins & Notices
Learn more about how CCT applies in specific situations.
Allow a Taxpayer Representative Access to your Tax Information
Obtain and complete a business consent form to allow a taxpayer representative access to your account information.