All budget proposals are subject to legislative approval.
Saskatchewan 2023 Budget - March 22, 2023
2023 Budget on the SK website - for complete information.
no personal income tax changes
Manufacturing and Processing Exporter Tax Incentive is extended until
December 31, 2023
Mineral Exploration Tax Credit increased from 10% to 30%
As previously planned, the small
business corporate income tax rate will return to 1% on July 1, 2023 and 2%
on July 1, 2024
Saskatchewan 2022/2023 Tax Changes
Bill 89, The Income Tax (Affordability) Amendment Act, 2022, which was
tabled on November 2, 2022, delays the increase of the small
business corporate income tax rate, leaving it at zero % until June 30,
This in turn delays the increase of the
dividend tax credit.
This was announced in a
2, 2022 news release, and was initially announced in an August
23, 2022 news release.
Saskatchewan 2022 Budget March 23, 2022
tobacco tax increases effective March 24, 2022:
cigarettes increasing by 2 cents per cigarette, from 27 to 29 cents
loose tobacco increasing by 8 cents per gram
provincial sales tax will be applied to admission and entertainment
charges, following the federal GST treatment, effective October 1, 2022.
education property tax (EPT) mill rates are being increased slightly
temporary small business tax rate reduction to zero will return to 1% on
July 1, 2022, and to 2% on July 1, 2023.
effective April 4, 2022 the site commission rates for video lottery
terminals (VLTs) will increase from 15% to 18%.
Saskatchewan vapour products tax (VPT) will not be charged in Lloydminster,
effective March 24, 2022.
Effective April 1, 2022, sales of audiobooks will be exempt from PST.
proposal is being developed to take over administration of, and all
revenues from, the federal carbon tax backstop fuel charge. A plan
will be announced in the fall of 2022.
2022 Budget on the SK website - for complete information.
Legislation (all pdfs):
82, The Income Tax Amendment Act, 2022, Royal Assent May 18, 2022
83, The Tobacco Tax Amendment Act, 2022, Royal Assent May 18, 2022
84, The Provincial Sales Tax Amendment Act, 2022, Royal Assent May 18, 2022
Saskatchewan 2021 Budget April 6,
Several bills have been tabled subsequent to the budget, and can be
found in their
of Bills document. These include:
Bill 28, The Active Families Benefit Act, 2021
Bill 35 The Income Tax Amendment Act, 2021
Bill 36 The Provincial Sales Tax Amendment Act, 2021
2021-22 Budget deficit forecast $2.6 billion
2022-23 deficit $1.7 billion
2023-24 deficit $1.2 billion
2024-25 deficit $770 million
2026-27 return to balanced budget expected
Personal Tax Measures
Business Tax Measures
Small business corporate tax rate will be increased to 1% effective Jul 1,
2022, and to 2% effective Jul 1, 2023.
Startup Incentive extended for 5 years - eligible for a personal or
corporate tax credit
Other Tax Measures
taxation of vapour products and heat-not-burn tobacco products
increases to Education Property Tax mill rates
road use fee for electric vehicles at time of registration to ensure
fairness to all road users contributing to road maintenance and replacement
2021 Budget on the SK website - for complete information.
Tax Changes Prior to the 2021 Budget
Bill 1, The Income Tax (Strong Recovery Home Renovation Tax Credit) Amendment
Act, 2020, which received Royal Assent on Dec 10, 2020, created a Home
Renovation Tax Credit.
Bill 2, The Income Tax (Strong Recovery Small Business Tax Reduction) Amendment
Act, 2020, which received Royal Assent on Dec 10, 2020:
Above link is to SK website
Personal Income Tax system to be indexed using the federal indexation rate
beginning with the 2021 taxation year.
New incentive to encourage investment in the chemical fertilizer sector.
Extend the Manufacturing and Processing Exporter tax Incentive for an
additional 3 years
Measures to ensure out-of-province e-commerce platforms collect and remit
Provincial Sales Tax.
See budget link above for complete budget details.
210, Income Tax Amendment Act, 2020 (pdf) - Royal Assent July 3, 2020.
Above is link to SK website
The only tax change is the introduction of new tax
credits for volunteer firefighters and volunteer emergency medical first
The tax credits will be
available beginning with the 2020 taxation year.
Individuals with at
least 200 hours of volunteer service in a year will be able to claim a $3,000
tax credit amount (non-refundable tax credit at the lowest tax rate).
Individuals who perform
at least 200 hours of combined volunteer firefighting and emergency medical
first responder services will be able to claim one of the two tax credits.
receive honoraria for their volunteer emergency service duties may claim either
the income exemption or the tax credit, but not both.
dividend tax credit rate will be revised to 3.333% of the taxable
dividend (24.162% of the gross-up) for 2018, and to 3.362% of the taxable
dividend for 2019 (25.773% of the lower 15% gross-up).
PST exemption for used light vehicles is being
removed effective April 11. If a vehicle is traded in, the PST will
only be paid on the difference in price between the trade-in and the
purchased vehicle. PST will not be charged for used vehicles gifted
between qualifying family members (spouses, parents or legal guardians,
children, grandparents, grandchildren or siblings), and will not be
applied to the private sale of used vehicles with a purchase price of
$5,000 or less.
PST exemption for Energy Star appliances is being
The planned personal tax rate reduction for 2019 has been
November 2017 Business Taxation Amendments
On November 6, 2017, Saskatchewan introduced
84, An Act to amend The Income Tax Act, 2000 respecting Business Taxation
(pdf). It received Royal Assent on November 7, 2017. This Act
does the following:
Budget June 1, 2016 - on SK Finance site
Bill 22 The Income Tax Amendment Act, 2016,
which received Royal Assent on June 30, 2016, contains amendments for the
March 18, 2015 - on SK Finance site
Seniors' Drug Plan - income threshold lowered from about $80,000 to
about $65,500. See Drug
Plan on SK website.
Benefit will be income tested, available to families with net
incomes below $60,000.
Graduate Retention Program
will become a non-refundable tax credit - post-secondary graduates who
stay in Saskatchewan will still be able to receive the full amount of
their tuition back - up to $20,000 - through a reduction in their
provincial income tax.
Employment Supplement is changing to keep the benefit affordable and
still help families with younger children.
Research & Development Tax Credit will now be fully
non-refundable and rate is being reduced from 15% to 10% of qualifying
March 19, 2014 - on SK Finance site
6th consecutive balanced budget for this government
No income tax changes were announced
Main tax changes:
Basic personal, spousal and spousal equivalent amounts increased by $1,000
to $14,535 for 2011.
Child amount increased by $500 to $5,514 for 2011
Corporate tax rate for small businesses reduced from 4.5% to 2% effective
July 1, 2011.
Due to the reduction in the small business corporate tax rate, the
dividend tax credit rate for non-eligible dividends will be reduced from 6%
in 2010 to 5% in 2011 and 4% in 2012.
No income tax changes were announced.
- on SK website Previous
Revised: May 20, 2023