Highlights of the 2018 Saskatchewan Budget | KPMG | CA

Highlights of the 2018 Saskatchewan Budget

Highlights of the 2018 Saskatchewan Budget

Saskatchewan’s Finance Minister Donna Harpauer delivered the province’s 2018 budget on April 10, 2018.

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The budget anticipates a deficit of $365 million for 2018-19 and forecasts surpluses of $6 million for 2019-20 and $108 million for 2020-21. Although the budget does not include any new changes to the corporate tax rate, it cancels the previously announced 0.5%, reduction to the province’s personal income tax rates scheduled to be effective for July 1, 2019. The budget also announces adjustments to Saskatchewan’s dividend tax credit on non-eligible dividends, introduces a technology start-up incentive and an agricultural incentive, and eliminates some exemptions from the provincial sales tax (PST). The budget does not include a carbon pricing regime.

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