Understand Corporation Capital Tax
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.
File a Corporation Capital Tax Return
Overview
Financial Institutions, Crown corporations, and large resource corporations with a permanent establishment in Saskatchewan that have taxable paid-up capital or a value of resource sales must file a CCT return and pay any balance of tax owing within six months following the close of the fiscal year.
Eligibility
Financial Institutions and Crown corporations which have paid-up capital in excess of $10 million are required to file a CCT return. Effective April 1, 2026, CCT on small Financial Institutions is eliminated, and effective April 1, 2027, CCT on Crown corporations is eliminated.
In addition, large resource corporations are subject to a CCT Resource Surcharge on the value of resource sales of oil, natural gas, potash, uranium, and coal in Saskatchewan. 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.
How to Apply
Your CCT return is due within six months from the close of your corporation’s fiscal year. Amalgamations also require that a Saskatchewan CCT return be filed for the date prior to when the amalgamation occurred. If your company has amalgamated with another company who also has a CCT number, we request that you inform us which account number you would like to continue filing under.
There are several ways to file your CCT return:
- File using Saskatchewan eTax Service (SETS), which is an online service that offers a secure, fast and convenient way to file your CCT return.
File Using SETS as a Registered User (log in or sign up on the homepage)
- File CCT returns by mail:
- Forward a completed and signed return along with the relevant back-up to:
Ministry of Finance
Revenue Division
PO Box 200
Regina, SK S4P 2Z6
There are several ways to pay any balance of tax owing:
- Make a payment using Saskatchewan eTax Service (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.
CCT Return Forms
Corporation Capital Tax Return
Corporation Capital Tax Remittance Advice
