Premier Brad Wall invites Calgary energy companies to relocate to Saskatchewan
CALGARY — Saskatchewan Premier Brad Wall is taking a turf war with Alberta to its economic heart, inviting energy companies based in Calgary to move their headquarters to his province.
In a letter to Whitecap Resources (TSX:WCP) dated Monday, Wall offers to subsidize relocation costs, trim taxes and royalties and help find space in unused government buildings if the oil and gas firm moves to Saskatchewan.
Wall cites reductions to corporate and personal income taxes promised in his recent provincial budget as further incentives, adding that his government has no intention of implementing a carbon tax like the one Alberta did this year.
“Given these major tax changes and your production presence in our province, I would therefore like to formally ask you to consider a relocation of your head office from Calgary to Saskatchewan,” reads the letter.