To combat the rising cost of living, the government of Saskatchewan has announced a four-point affordability plan.
The Saskatchewan Affordability Tax Credit payment is the first point of the plan. This fall, a $500 Saskatchewan Affordability Tax Credit check will be sent to all Saskatchewan residents who were 18 or older on December 31, 2022, and who filed a 2021 tax return as a resident of Saskatchewan.
Point two is that gym memberships and some recreational activities will not be included in the planned October PST increase on admissions, entertainment, and recreation. In addition, residents under the age of 18 who participate in recreational activities like curling, hockey, basketball, and similar sports will not be subject to the PST.
Point three is the retroactive extension of the small business tax rate reduction to 2022 and the postponement of the rate's reinstatement until July 1, 2024.
Point four is the elimination of one billion dollars in operating debt.
See Sask Government News and Media for more information.
Blake Campbell
Gull Lake Events
Comments