Saskatchewan small business rate temporarily drops to 0%

Saskatchewan small business rate drops to 0%

Saskatchewan’s Bill 2 received first reading on December 7, 2020

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Saskatchewan has temporarily reduced the small business income tax rate to 0% (from 2%) effective October 1, 2020 to June 30, 2022. 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.

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