The Rural Municipal Tax Loss Compensation Trust Fund
The Rural Municipal Tax Loss Compensation Trust Fund (TLE Trust Fund) was established in 1993 with SARM acting as the trustee. The beneficiaries of the TLE Trust Fund are the rural municipalities that lose tax revenue because of lands within the municipality being set apart as reserves. The TLE Trust Fund receives the calculated tax loss compensation payable by Saskatchewan and Canada. The municipal tax loss compensation is 22.5 times the municipal taxes on the property for the year prior to the transfer. The TLE Trust Fund disburses payments to compensate the rural municipalities for a portion of the estimated annual municipal taxes on the properties transferred to reserve.
The Rural Municipal Specific Claims Tax Loss Compensation Trust Fund
The Rural Municipal Specific Claims Tax Loss Compensation Trust Fund (Specific Claims Trust Fund) was established in the year 2000 with SARM acting as the trustee. The beneficiaries of the Specific Claims Trust Fund are the rural municipalities that lose tax revenue because of lands within the municipality being set apart as reserves. The Specific Claims Trust Fund received $2.8 million from the Province in 2000 and receives tax loss compensation paid by First Nations to rural municipalities. The Trust Fund disburses payments to compensate the rural municipalities for a portion of the estimated annual municipal taxes on the properties transferred to reserve.
Contact
Catherine Patterson, Director, Finance
finance@sarm.ca or 306.761.3720
