On 22 March 2023, Saskatchewan Finance Minister Donna Harpauer tabled the province’s fiscal 2023‑24 budget. The budget contains tax measures affecting individuals and corporations.
The minister anticipates a surplus of $1.018 billion for 2023‑24 and projects small surpluses for each of the next three years.
Following is a brief summary of the key tax measures.
Business tax measures
Corporate income tax rates
No changes are proposed to the corporate income tax rates or the $600,000 small-business limit.
Saskatchewan’s 2023 and 2024 corporate income tax rates are summarized in Table A.
Table A – 2023 and 2024 Saskatchewan corporate income tax rates1