Saskatchewan Revises Notice on Elimination of Permanently Mounted Equipment Exemption

Saskatchewan has revised Information Notice IN 2017-04, “Elimination of Provincial Sales Tax Remission for Permanently Mounted Equipment”, to clarify the requirement for permanently mounted equipment (PME) to be capitalized in the records of a resident business and assigned to a branch or location in Saskatchewan prior to April 1, 2017, in order to be exempt from PST.  The notice also clarified that PME used by non-residents is also subject to PST in situations where the equipment was brought into Saskatchewan prior to April 1, 2017, but used in the province thereafter.  The exemption for qualified PME used in the exploration and development of oil, gas and potash resources was eliminated, effective April 1, 2017.