Quote:
Originally Posted by The Bess
Lots of junior mining companies, but didn't BHP move head office from Vancouver to Saskatoon.
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In response the Potash incentive:
The Saskatchewan government offers a corporate office incentive to potash companies to subsidize head office jobs. The incentive is a deduction from potash profit taxes.
How it works
The incentive is $25,000 per existing corporate office position in Saskatchewan
The incentive is $100,000 for new corporate office positions
A new position counts as an existing position after five years
Additional information
Saskatchewan is the only province in Canada with a potash industry
The Saskatchewan government has also introduced other incentives to help grow the critical minerals sector
These incentives include the Saskatchewan Chemical Fertilizer Incentive (SCFI) and the Critical Minerals Processing Investment Incentive (CMPII)
The SCFI is a 15% tax credit on capital expenditures for new or expanded chemical fertilizer production facilities
The CMPII offers transferable Crown royalty/freehold production tax credits for qualified greenfield or brownfield value-added processing projects
Nutrien getting head office tax break; cost of subsidy is unclear
Nov 19, 2018 — Despite being the only province with a potash industry, Saskatchewan subsidizes head-office jobs for potash companies.