Saskatchewan Party leader Scott Moe announced during a campaign stop in Kenaston Friday that if reelected his government will make the small business tax cut permanent. The tax was reduced to one per cent as the province emerged from the pandemic. The small business tax rate was scheduled to return to 2 per cent on July 1, 2025. Moe also says Saskatchewan will continue to have the highest threshold of annual income in Canada that can be claimed under the small business tax rate at $600,000.
Moe says his government would consult with the Saskatoon and Saskatchewan Chambers of Commerce to develop a new small and medium-sized enterprises tax credit.
They also pledge to create a new bursary in the form of an annual grant of $285,000 to the Saskatchewan Chamber for local Chambers in the province to provide $5,000 bursaries to entrepreneurs for business development.