Saskatchewan’s Minister of Finance, Donna Harpauer, delivered a scaled-back version of the province's 2020 budget estimates on March 18, 2020.
Saskatchewan's Minister of Finance, Donna Harpauer, delivered a scaled-back version of the province's 2020 budget estimates on March 18, 2020. These estimates come in the wake of Saskatchewan's decision to postpone the release of its full 2020-21 provincial budget due to the COVID-19 pandemic and its related economic consequences.
The estimates anticipate government expenses of $14.15 billion in 2020, but do not provide revenue estimates. The estimates do not include any changes to the province's personal or corporate tax rates for the current year. However, this release does refer to a three year extension to the non-refundable Manufacturing and Processing Exporter Tax Incentive, a new PST rebate for new home construction, new PST registration requirements for certain e-commerce platforms and new incentives to support pipelines and the chemical fertilizer sector, among other changes.
Saskatchewan also announced penalty and interest relief for tax filings directly affected by COVID-19, in a separate press release.
Download this edition of the TaxNewsFlash to learn more.
© 2021 KPMG LLP, an Ontario limited liability partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.
For more detail about the structure of the KPMG global organization please visit https://home.kpmg/governance.