Well. It appears that there is no requirement for as SK General Corporation to file a tax return.
"Corporations with a permanent establishment in Saskatchewan that have taxable paid-up capital or a value of resource sales must file a return and pay any balance of tax owing within six months following the close of the fiscal year.
Corporations which have paid-up capital in excess of $10 million are required to file a Corporation Capital Tax return. General corporations with a fiscal year beginning after June 30, 2008 which are not a financial institution, a crown corporation or a resource corporation are not required to file a Corporation Capital Tax return.
Resource corporations are subject to a Corporation Capital Tax Resource Surcharge. A “resource corporation” is defined as:
- A corporation that has a value of resource sales and which has taxable paid-up capital after deducting the $10 million standard exemption, the additional exemption, goodwill allowance, and the investment allowance but not the deferred exploration and development expenses; or
- A resource corporation that has assets in excess of $100 million (including assets of all associated corporations).
Resource corporations are required to complete all sections of the return for verification purposes to ensure only those corporations which meet the definition of a resource corporation are liable to pay the tax."