Saskatchewan Bill 84 received first reading on November 6, 2017.
This bill implements an increase to the corporate tax rate as well as the small business income threshold, both of which were announced during the province's throne speech last month. The bill also makes consequential adjustments to the dividend tax credit for eligible dividends. The provisions in Bill 84 are considered substantively enacted for purposes of IFRS and Accounting Standards for Private Enterprise (ASPE) as of November 6, 2017 (because Saskatchewan has a majority government).
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