Warren Kaeding MLA, Report from the legislature July 2017

Jul 24, 2017

Saskatchewan still has the lowest PST rate of any province with a provincial sales tax.

A family of four in Saskatchewan pays NO provincial income tax on their first $50,495 of income – the highest tax-free threshold in Canada.

As a result of this last budget, Saskatchewan individuals and families will pay among the lowest income taxes in Canada – ranging from the lowest to the third-lowest for most, depending on level of income.

Even with this PST increase, every Saskatchewan resident at every level of income will still be paying significantly less in income tax and PST combined than they did in 2007 under the former government:

  • A single person with $40,000 income will still pay $749 LESS than in 2007 - a 20% reduction.
  • A family of four with $50,000 income will still pay $2,366 LESS than in 2007 - a 77% reduction.
  • A family of four with $75,000 income will still pay $1886 LESS than in 2007 – a 32% reduction.
  • A family of four with $100,000 income will still pay $1951 LESS than in 2007 – a 20% reduction.

When the tax changes announced in this budget are fully implemented, Saskatchewan will have the lowest corporate tax rate, the lowest taxes on manufacturing and processing, and nation-leading research and development incentives, giving our province a tremendous advantage in attracting new investment, jobs and opportunities to Saskatchewan.

When this budget is fully implemented, Saskatchewan will be the only province in Canada with no carbon tax of any kind.

Be sure to visit: www.saskparks.net.