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  • Report looks at captured nature of BC’s Oil and Gas Commission August 6, 2019
    From an early stage, BC’s Oil and Gas Commission bore the hallmarks of a captured regulator. The very industry that the Commission was formed to regulate had a significant hand in its creation and, too often, the interests of the industry it regulates take precedence over the public interest. This report looks at the evolution […]
    Canadian Centre for Policy Alternatives
  • Correcting the Record July 26, 2019
    Earlier this week Kris Sims and Franco Terrazzano of the Canadian Taxpayers Federation wrote an opinion piece that was published in the Calgary Sun, Edmonton Sun, Winnipeg Sun, Ottawa Sun and Toronto Sun. The opinion piece makes several false claims and connections regarding the Corporate Mapping Project (CMP), which we would like to correct. The […]
    Canadian Centre for Policy Alternatives
  • Rental Wage in Canada July 18, 2019
    Our new report maps rental affordability in neighbourhoods across Canada by calculating the “rental wage,” which is the hourly wage needed to afford an average apartment without spending more than 30% of one’s earnings.  Across all of Canada, the average wage needed to afford a two-bedroom apartment is $22.40/h, or $20.20/h for an average one […]
    Canadian Centre for Policy Alternatives
  • Towards Justice: Tackling Indigenous Child Poverty in Canada July 9, 2019
    CCPA senior economist David Macdonald co-authored a new report, Towards Justice: Tackling Indigenous Child Poverty in Canada­—released by Upstream Institute in partnership with the Assembly of First Nations (AFN) and the Canadian Centre for Policy Alternatives (CCPA)—tracks child poverty rates using Census 2006, the 2011 National Household Survey and Census 2016. The report is available for […]
    Canadian Centre for Policy Alternatives
  • Fossil-Power Top 50 launched July 3, 2019
    What do Suncor, Encana, the Royal Bank of Canada, the Fraser Institute and 46 other companies and organizations have in common? They are among the entities that make up the most influential fossil fuel industry players in Canada. Today, the Corporate Mapping Project (CMP) is drawing attention to these powerful corporations and organizations with the […]
    Canadian Centre for Policy Alternatives
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1% Potash Royalties: Typo or Foreshadowing?

Saskatchewan’s Ministry of Energy and Resources has released its 2011-12 Annual Report. The potash table (page 36) incredibly shows “Royalty/Tax” revenue of only $62.5 million in 2010-11 and $38.4 million in 2011-12.

These figures amount to just 1.2% and 0.6% respectively of the value of potash sales. I have long argued that Saskatchewan’s potash royalties are too low, but they are not that low!

It seems that the first digit is missing from both numbers. The revenue table (page 31) shows 2011-12 potash revenues of $438.4 million. And the 2010-11 figure was $262.5 million.

The omission of $400 million and $200 million of annual potash revenue is ironic in a report that emphasizes undercutting other jurisdictions rather than collecting the best possible return for the people of Saskatchewan. The word “competitiveness” appears eight times in the report.

I guess this typo makes our province’s potash royalties and taxes look ultra-competitive. We can only hope that it’s just a typo and not a subliminal message from Minister Bill Boyd about future resource policy!

UPDATE (August 18): From today’s Saskatoon StarPhoenix (page A8):

Regina economist Erin Weir, expected to run for the leadership of the Sask. NDP, found a typo this week in the Energy and Resources Ministry annual report.

In a message to media, he noted a table showed potash revenue of $62.5 million in 2010-11 and $38.4 million in 2011-12.

“I have long argued that Saskatchewan’s potash royalties are too low, but they are not that low!” Weir wrote.

“It seems that the first digit is missing from both numbers.”

The correct numbers, which were approved by government staff, are $262.5 million in 2010-11 and $438.4 million in 2011-12, but the first digits were dropped by the publisher or designer, said a spokesperson, noting the online version has been fixed.

Weir noted the word “competitiveness” appears eight times in the report.

“I guess this typo makes our province’s potash royalties and taxes look ultracompetitive,” he continued.

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