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Sask to keep small business income tax at one per cent

Saskatchewan is proposing to keep its small business income tax at one per cent until June 30, 2025.

The province introduced an amendment on Wednesday, Mar. 27 to stay the course rather than return the tax to the two per cent that it stood at before the pandemic.

Government estimates about 31,000 small businesses in Saskatchewan will save $56 million in corporate income tax.

The tax was scheduled to return to two per cent on July 1.

Gerry Lampow
Gerry Lampow
Gerry has lived in Lloydminster since winter 2010. That detail is important as coming from the Caribbean he did not see green grass until May. Now an Alberta/Western Canada resident, you would be hard-pressed to find a stronger proponent of Lloydminster than the news guy that appreciates a healthy dose of rock music and dress code leather. His mantra is focus on one thing and do it well.
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