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Canada: Tax provisions in budget estimates for 2020-2021 in Saskatchewan; COVID-19 implications

Canada: Tax provisions, budget estimates for 2020-2021

Saskatchewan's Minister of Finance on 18 March 2020 delivered a scaled-back version of the province's 2020 budget estimates—estimates that come in the wake of Saskatchewan's decision to postpone the release of its full 2020-21 provincial budget due to the coronavirus (COVID-19) pandemic and its related economic consequences.

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The budget estimates do not include any changes to the province's individual (personal) or corporate tax rates. However, there are references to:

  • A three-year extension to the non-refundable manufacturing and processing exporter tax incentive
  • A new provincial sales tax (PST) rebate for new home construction
  • New PST registration requirements for certain e-commerce platforms
  • New incentives to support pipelines and the chemical fertilizer sector

Saskatchewan also announced penalty and interest relief for tax filings directly affected by COVID-19.

Read a March 2020 report prepared by the KPMG member firm in Canada

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