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 S.S. 1979-80, c.C-38.1 amended Subsection 13(2.1) of The Corporation Capital Tax Act is repealed and the following substituted: “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