Saskatchewan’s 2017 budget—presented 22 March 2017—lowers both corporate and personal income tax rates over four years, but increases the provincial sales tax rate to 6% (from 5%), effective 23 March 2017. It also expands the provincial sales tax base and eliminates some exemptions.
The province’s 2017 budget introduces a refundable research and development (R&D) tax credit for small and medium sized companies, and a patent box regime for the commercialization of intellectual property in Saskatchewan.
Read a March 2017 report [PDF 84 KB] prepared by the KPMG member firm in Canada
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