Corporation Capital Tax is imposed on corporations which have paid-up capital in excess of $10,000,000.

Collected under the authority of The Corporation Capital Tax Act. Corporation Capital Tax was implemented April 1, 1980.

Corporation Capital Tax (CCT) is imposed on 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 July 1, 2008 the normal CCT on general corporations was eliminated.  The Province continues to levy CCT on financial institutions and provincial commercial Crown corporations.  In addition, a Resource Surcharge on the value of sales of oil, natural gas, potash, uranium and coal in Saskatchewan continues to be levied under authority of The Corporation Capital Tax Act.

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 CCT return.

For large financial institutions, the CCT rate is 3.25 per cent of all taxable capital allocated to Saskatchewan.  The CCT rate for small financial institutions is 0.7 per cent of all taxable capital allocated to Saskatchewan.  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.

The CCT rate for provincial commercial Crown corporations is 0.6 per cent of all taxable paid-up capital allocated to Saskatchewan.

For 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.

* Resource corporations are taxed the greater of 3.6% of the value of resource sales and 0.6% of paid-up capital over $10M. Effective July 1, 2006 the value of resource sales will be taxed at 3.3%. On July 1, 2007 this rate will be reduced to 3.10% and on July 1, 2008 further reduced to 3.00%.

** The tax rate for small financial institutions was lowered to 0.7% from 3.25% for fiscal years beginning on or after July 1, 1999. A "small financial institution" is defined as a financial institution with aggregate taxable paid-up capital, including all its associated corporations, of $1 billion or less. The $1 billion aggregate taxable paid-up capital threshold amount is effective for fiscal years ending on or after October 31, 2003.  The aggregate taxable paid-up capital threshold was increased from $1 billion to $1.5 billion for taxation years ending on or after October 31, 2008