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.
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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