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Sunday, December 17, 2017
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OC 552/2017 - The Potash Production Tax (Calculation of Profit) Amendment Regulations, 2017 (Minister of the Economy)
Description:

Title: The Potash Production Tax (Calculation of Profit) Amendment Regulations, 2017

Minister: Minister of the Economy

Summary: On filing date, but retroactive and deemed to have been in force on and from January 1, 2017, these regulations will amend RRS M-17.1 Reg 6 to:

  • Implement the settlement to the Government of Saskatchewan’s Crown Royalty dispute with Mosaic, by increasing the recognition of water mitigation costs by 20 per cent for five years; and
  • Address administrative issues in the Potash Production Tax (PPT) by removing provisions that tax the profit that producers make from the resale of potash purchased from other Saskatchewan producers.
See: The Mineral Taxation Act, 1983, section 46





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