Article Posted date19 March 2025
Saskatchewan’s Finance Minister delivered the province’s 2025 budget on March 19, 2025. The budget anticipates a deficit of $660.6 million for 2024-25 and projects surpluses of $12.2 million for 2025-26 and $75.8 million for 2026-27. Although the budget does not include any new changes to the corporate or personal income tax rates, it confirms that Saskatchewan’s small business tax rate will remain at 1% and introduces a Small and Medium Enterprise Investment Tax Credit. The budget also confirms the enhancement of several personal tax credits.
