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The Mineral Taxation Act provides for a mineral tax to be levied against all owners of mineral rights. An individual is taxed only on the mineral rights owned in excess of five nominal sections, (3,200 acres).
All mineral rights owned by corporations are taxable, with the exception of those minerals within the corporate limits of cities, towns and villages, minerals underlying railway right of ways and cemeteries, and farm corporations which meet certain guidelines. In addition, an exemption from tax is available to mineral rights purchased for reserve creation under Saskatchewan Treaty Land Entitlement Agreements.
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