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Taxes
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Taxes and Royalties

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

* certain of the prior years' figures have been reclassified to conform to the current year's presentation.
Source: PotashCorp