On March 22nd, 2017, Saskatchewan Finance Minister Kevin Doherty
announced the 2017 Saskatchewan Provincial Budget. Below is a
summary of some of the tax measures that were announced in the
Budget.
Personal Income Taxes
Each of Saskatchewan's three personal tax rates will be
reduced by 0.5% effective July 1, 2017 and by another 0.5%
effective July 1, 2019. Summarized below are the combined Federal
and Saskatchewan personal income tax rates for 2017 after factoring
in the 0.5% reduction.
The tax credits for post-secondary education and tuition
expenses are also eliminated effective July 1, 2017 and the
Employee's Tools Tax Credit is also eliminated effective for
the 2017 taxation year.
