This schedule is a worksheet only and is used by corporations that had a permanent establishment in Saskatchewan (as defined in section 400 of the federal Income Tax Regulations) to calculate the following for each period in Saskatchewan:
(a) Income eligible for the Saskatchewan lower and higher tax rate;
(b) Income from active business when there is a partnership;
(c) Total Saskatchewan tax at the lower and higher rates before credits.
The amount calculated in (c) above transfers to Schedule 5 in the Provincial or territorial tax payable before credits column for Saskatchewan and to line 235 of Schedule 5.
See also