Sask. is taking a smaller cut from growing potash profits, and this former minister is calling for change

Sask. is taking a smaller cut from growing potash profits, and this former minister is calling for change | CBC News LoadedSask. is taking a smaller cut from growing potash profits, and this former minister is calling for change

"It's a very important issue for the province, which will make a big difference in terms of the future of the province and whether we have more equality of opportunity, or what I see as a growing divide between people desperately living in poverty and people whose wealth is increasing," said Eric Cline on CBC'sSquandered: Canada's Potash LegacySaskatchewan is the number 1 potash producer on the planet, and it's used mainly in the production of fertilizer — which is...

He argues what the Saskatchewan government and people are getting out of the windfall profits from potash companies would "shock" people. "I think most people understand that as your income goes up, you pay more tax on the additional dollars you make. But with the potash companies, as their income has been going up on higher prices, and most of it is windfall profits, we're actually taking a lower percentage from them and nobody else gets that deal," said Cline.Companies could jump ship: Sask. Party MLA

"When the NDP nationalized the potash industry in this province in the '70s, capital investment stopped," said Kaeding. Kaeding added that two of the main potash companies — Nutrien and Mosaic — could jump ship if taxes are increased on revenues. He pointed to other countries that are major potash producers as possible landing spots like Russia, China and Belarus.

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