The Corporate Capital Tax Act — Bill 38 (2008) [First Reading Bills]

Bill 38 (Bill038-2008)

Saskatchewan — Debates (Hansard)

CORPORATION CAPITAL TAX BILL No. 38

An Act to amend The Corporation Capital Tax Act (Assented to ) HER MAJESTY, by and with the advice and consent of the Legislative Assembly of Saskatchewan, enacts as follows:

Short title This Act may be cited as The Corporate Capital Tax Act. S.S. 1979-80, c.C-38.1 amended Subsection 13(2.1) of The Corporation Capital Tax Act is repealed and the following substituted: “

(2.1) The tax payable by a financial institution is 0.7% of its amount taxable if the aggregate taxable paid-up capital of the financial institution, including all of its associated corporations, is equal to or less than: (

a) in the case of a taxation year commencing after June 30, 1999 and ending before October 31, 2003, $400 million; (

b) in the case of a taxation year ending on or after October 31, 2003 and ending before October 31, 2008, $1 billion; or (

c) in the case of a taxation year ending on or after October 31, 2008, $1.5 billion”. Coming into force This Act comes into force on assent. CORPORATION CAPITAL TAX REGINA, SASKATCHEWAN Printed by the authority of the Speaker of the Legislative Assembly of Saskatchewan 2008

Document details

Collection	Saskatchewan — Debates (Hansard)
Citation	Bill 38 (Bill038-2008)
Type	bill
Volume / chapter	bill fr 24899 32038
Language	en
Format	pdf
Source	PROVINCIAL
Identifier	b4f1bb382f7587551c37756bae8cd0e55722cee2

Source file is stored in the law ingest library (pdf).