Saskatchewan qualifying environmental trust tax credit

A corporation that is a beneficiary of a qualifying environmental trust located in Saskatchewan can claim a tax credit on income that is subject to tax under Part XII.4 of the federal Income Tax Act.

The amount of the tax credit is 12%.

The qualifying environmental trust will issue a letter to the corporation that is a beneficiary.

This credit is fully refundable, but must first be applied against taxes payable. There are no carry-back or carry-forward provisions.

Claiming the credit

On line 641 of Schedule 5, Tax Calculation Supplementary - Corporations, enter the amount of the credit earned.

Supporting documents - You do not have to file the letter with the return. However, keep it in case we ask for it later.

Forms and publications

• Schedule 5, Tax Calculation Supplementary - Corporations

Government partners

• Saskatchewan (provincial site)