Potash producers in the Canadian province of Saskatchewan will see 2015 profts impacted by a tax change made to compensate for an expected C$661mn ($525mn) drop in oil revenue for the 2015-16 fscal year beginning 1 April. The Saskatchewan government has changed the potash production tax by deferring the timing of capital spend- ing deductions that potash producers receive to provide the province with a temporary revenue increase. Potash is projected to account for 6pc of the province’s 2015-2016 rev- enue at C$796mn, doubling the C$397mn originally projected in the previous budget.
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