Article Posted date
20 March 2024
Saskatchewan’s Finance Minister Donna Harpauer delivered the province’s 2024 budget on March 20, 2024. The budget anticipates a deficit of $482.5 million for 2023-24 and projects a deficit of $273.2 million for 2024-25 and a surplus of $18.5 million for 2025-26. Although the budget does not include any new changes to the personal tax rates, it delays a planned increase to the current 1% small business income tax rate to July 1, 2025 (from July 1, 2024). The budget also introduces new tax credits for the oil and gas and mining industries, among other changes.
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