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In 2006, PotashCorp's taxes and royalties were $236 million. Canadian taxes and royalties, which consisted of provincial and federal income taxes, the potash profits tax, surtax, base payments tax and corporate capital tax, totaled $155 million.
Details regarding taxes in Canada, the US and Trinidad are set out in the following table. Tax expense incurred and paid in other countries is not significant and has been attributed to the parent and reported under Canada. Royalty payments of $6 million rounded out the expense in this area.
| Taxes and Royalties Paid (Recovered)* |
| ($ millions) |
2002 |
2003 |
2004 |
2005 |
2006 |
| Canada |
|
|
|
|
|
| Income taxes |
0.4 |
14.9 |
69.4 |
170.5 |
51.8 |
| All other taxes |
16.4 |
21.1 |
27.4 |
36.4 |
34.7 |
| Potash profits tax, surtax and base payment tax |
64.7 |
54.7 |
91.4 |
134.3 |
62.4 |
| Royalties |
7.3 |
3.6 |
4.8 |
8.3 |
5.9 |
| Canada total |
88.8 |
94.3 |
193.0 |
349.5 |
154.8 |
| United States |
|
|
|
|
|
| Income taxes |
1.3 |
(17.0) |
16.9 |
3.0 |
4.9 |
| All other taxes |
15.3 |
20.4 |
20.8 |
23.1 |
24.3 |
| US total |
16.6 |
3.4 |
37.7 |
26.1 |
29.2 |
| Trinidad |
|
|
|
|
|
| Income taxes |
2.7 |
2.1 |
19.1 |
53.8 |
51.4 |
| All other taxes |
– |
0.7 |
0.8 |
0.7 |
0.8 |
| Trinidad total |
2.7 |
2.8 |
19.9 |
54.5 |
52.2 |
| Total taxes and royalties |
|
|
|
|
|
| Income taxes |
4.4 |
– |
105.4 |
227.3 |
108.1 |
| All other taxes |
31.7 |
42.2 |
49.0 |
60.2 |
59.8 |
| Potash profits tax, surtax and base payment tax |
64.7 |
54.7 |
91.4 |
134.3 |
62.4 |
| Royalties |
7.3 |
3.6 |
4.8 |
8.3 |
5.9 |
| Total |
108.1 |
100.5 |
250.6 |
430.1 |
236.2 |
|
|