Highlights of the 2016 Saskatchewan Budget | KPMG | CA

Highlights of the 2016 Saskatchewan Budget

Highlights of the 2016 Saskatchewan Budget

June 1, 2016, No. 2016-31. Saskatchewan Finance Minister Kevin Doherty delivered the province’s 2016 budget on June 1, 2016. The budget anticipates a deficit of $434 million for the 2016-2017 fiscal year. Although the budget does not include any changes to personal or corporate tax rates, it adjusts the provincial dividend tax credit rate to maintain the current level of provincial taxation on non-eligible dividends. The budget eliminates the Active Families Benefit and introduces a program to allow post-secondary graduates to use Graduate Retention Program tax credits towards buying their first home in the province.

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Information is current to June 1, 2016. The information contained in this TaxNewsFlash-Canada is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation.

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