The 2025 provincial budget for Saskatchewan was delivered on March 19, 2025.
The budget does not include any changes to corporate or individual (personal) tax rates, but it:
- Introduces a Small and Medium Enterprise Investment Tax Credit, effective July 1, 2025
- Extends the new application acceptance period for the Oil Infrastructure Investment Program to March 31, 2029 (from March 31, 2025) and extends the deadline to claim royalty credits for completed projects to 2040 (from 2035)
- Confirms the enhancement of several individual tax credits
- Makes permanent Saskatchewan’s provincial sales tax (PST) rebate for new home construction and expands PST to apply to the sale of all vapor liquids, products, and devices effective June 1, 2025
Read a March 2025 report prepared by the KPMG member firm in Canada