The Government of Saskatchewan has announced an affordability plan to help people address the rising cost of living. It includes sending a $500 one-time payment this Fall to all residents 18+, putting approximately $450 million in spending power back into the economy. Further, PST will no longer be introduced on fitness activities and gym memberships as was initially planned.
Additionally, for small retail and restaurant businesses, the plan extends the small business tax rate reduction, at 0 per cent retroactive to July 1, 2022, and delaying the restoration of the rate to 2.0 per cent to July 1, 2024. Finally, it will save small businesses $93.1 million over the next three years, on average $3,000 for each small business.
For questions or more information contact
Director, Government Relations (Prairies)