Corporation Income Tax Rebate for Primary Steel Production
No fixed amount
Rebate
Description:
The Corporation Income Tax Rebate for Primary Steel Production provides a tax incentive for eligible primary steel producers that make a minimum capital investment of $100 million in new or expanded productive capacity.
Comments on Funding:
The tax incentive for each year of a five-year rebate period will be based on the incremental Saskatchewan Corporation Income Tax payable by the corporation as a result of the new investment.
The tax incentive rebate schedule is as follows:
– 100% of the incremental tax for each of the first two years of the rebate period;
– 75% of the incremental tax for the third year of the rebate period;
– 50% of the incremental tax for the fourth year of the rebate period; and
– 25% of the incremental tax for the fifth year of the rebate period.
Continuous Intake
Eligibility:
Applicants must be:
1. An eligible primary steel producer is a company that:
a). smelts and refines metals to produce steel in ingot or molten form;
b). then rolls, draws or casts that steel into sheet, strip or other form at a production facility in Saskatchewan
Application Steps:
Applicants must:
1. Contact: Phone: 1-800-667-6102 and/or Email: SaskTaxInfo@gov.sk.ca for application details.
Documentation Needed:
No specific documentation has been identified.
Other Things to Note:
About the author
Maurice
