July 2023 Economic Brief

In 2020, the Province reduced the small business tax rate from 2% to 0% with plans to increase to 1% on July 1, 2022, and back to 2% on July 1, 2023. After an extension on the 0% tax rate, an increase from 0% to 1% is now set to begin on July 1, 2023, and the rate will further increase to the original tax rate of 2%, as of July 1, 2024. For a deeper look into the implications of increasing tax for small businesses in Saskatchewan, download the PDF.

File Type: pdf
File Size: 1 MB
Categories: Economic Briefs
Tags: 2023