Currently viewing Global edition

Tax change to cut Potash Corp earnings

A proposed change in the Government of Saskatchewan’s potash taxation policy could cut C$75-100 million (US$59-79 million) from Potash Corporation of Saskatchewan’s 2015 expected pre-tax earnings, the company has said.

The impact reflects a significant change in the timing of annual allowable deduction for expansion and maintenance capital expenditures included in the province’s budget, Potash Corp said.