Saskatchewan’s Finance Minister Donna Harpauer delivered the province’s 2018 budget on April 10, 2018.
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.
Download this edition of TaxNewsFlash to learn more.
© 2018 KPMG LLP, a Canada limited liability partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.