Canada: Tax measures in 2026 budget (Saskatchewan)
No changes to corporate or individual (personal) tax rates, but includes some direct tax changes
The 2026 provincial budget for Saskatchewan was delivered on March 18, 2026.
The budget does not include any changes to corporate or individual (personal) tax rates, but it:
- Increases the large financial institution corporation capital tax (CCT) rate to 6% (from 4%)
- Eliminates the CCT for small financial institutions that have $1.5 billion* or less in Canadian taxable paid-up capital among all its associated corporations
- Reduces the CCT charged to Crown corporations to 0.3% (from 0.6%)
- Enhances Saskatchewan’s research and development (R&D) tax credit
- Extends the Saskatchewan chemical fertilizer incentive to December 31, 2031 (from December 31, 2026)
- Increases the volunteer first responders’ tax credit amount to $6,000 (from $3,000)
Read a March 2026 report prepared by the KPMG member firm in Canada
*$=Canadian dollar