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Saskatchewan enacts temporary small business tax rate drop

Saskatchewan enacts small business tax rate drop

Saskatchewan’s Bill 2 received Royal Assent on December 10, 2020

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The bill that temporarily reduces Saskatchewan's small business income tax rate to 0% (from 2%) has now become law. The small business income tax rate will gradually return to its current rate of 2% beginning July 1, 2023.

Download this edition of TaxNewsNOW to learn more.

Information is current to December 15, 2020. The information contained in this publication is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's National Tax Centre at 416.777.8500.

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