The purpose of this blog post is to provide a high-level review
of the key items coming out of both the Federal Budget (released on March 19, 2019),
and the Saskatchewan Budget
(released on March 20, 2019). This post is not exhaustive of all
measures proposed in the Budgets but rather takes a focus from the
perspective of a business owner or entrepreneur. As a result, the
measures discussed are those likely to have the most impact on the
business sector.
No Tax Rate Changes
Neither the Saskatchewan nor the Federal budgets contained any
changes in either personal or corporate tax rates.
Employee Stock Options
For "large, long-established, mature [companies]"
(term not yet defined) granting in excess of $200,000 of options in
a given year to any person, the Federal Budget introduces new
changes which remove the tax preference previously given to
options. Using an example:
