Fertilizer Canada \u2013 representing manufacturers, wholesalers and retailers of nitrogen, phosphate, potash and sulphur fertilizers \u2013 has decried the lack of consultation with the Saskatchewan government before changes were made to the current potash taxation regime.<\/p>\n
Saskatchewan potash producers \u2013 Nutrien, BHP and Mosaic \u2013 had no input before the surprise provincial budget announcement that they may pay an estimated C$117 million more next year.<\/p>\n
\u201cThis is not the way to treat the potash industry, which continues to contribute so much to the Saskatchewan economy,\u201d said Garth Whyte, president and CEO of Fertilizer Canada.<\/p>\n
\u201cMassive job creating investments have been made over the past decade in Saskatchewan,\u201d he added. \u201cWhile it is unclear exactly how much additional taxes our members will now be subject to, it does create uncertainty for any future investments.\u201d<\/p>\n
Saskatchewan potash producers will now be subject to the highest royalty and tax rates in the world. Taxes will go up 23% under the new provincial budget, as the government anticipates total potash revenue to be C$618.6 million next year. The changes take effect on April 1, 2019, with the start of the fiscal year.<\/p>\n
Provincial finance minister Donna Harpauer defended the changes. \u201cIt wasn\u2019t creating a tax. It\u2019s eliminating deductions that could be applied to that tax,\u201d she said.<\/p>\n
(This article first appeared in the Canadian Mining Journal<\/a>)<\/em><\/p>\n The post Fertilizer Canada decries lack of consultation as Saskatchewan ups tax burden<\/a> appeared first on MINING.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" Saskatchewan potash producers had no input before the surprise provincial budget announcement that they may pay an estimated C$117m more next year.<\/p>\n The post Fertilizer Canada decries lack of consultation as Saskatchewan ups tax burden<\/a> appeared first on MINING.com<\/a>.<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[700,404,369,2083,2084,698,451],"tags":[25],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1106759"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1106759"}],"version-history":[{"count":1,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1106759\/revisions"}],"predecessor-version":[{"id":1106760,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1106759\/revisions\/1106760"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1106759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1106759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1106759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}