Martensville Messenger
  • Home
  • News Categories
    • Community
    • School
    • Sports
    • Provincial
    • Letters to the editor
    • Uncategorized
  • Digital Editions
  • Business Directory
  • About Us
    • Donate to KidSport
  • Advertise
  • Contact
  • CALL 306-668-1093
Top Posts
SGI Provides Valentine’s Tips for Road Safety (And...
Royals Wrestling is Back!
Martensville Shows Amazing Support For Prairie Women on...
Sask Launches Opioid Overdose Awareness Campaign
February 11 to 16 is Teacher/Staff Appreciation in...

Martensville Messenger

Sponsored Ad

  • Home
  • News Categories
    • Community
    • School
    • Sports
    • Provincial
    • Letters to the editor
    • Uncategorized
  • Digital Editions
  • Business Directory
  • About Us
    • Donate to KidSport
  • Advertise
  • Contact
  • CALL 306-668-1093
Provincial

MLA Report With Nancy Heppner

written by Nancy Hepner July 6, 2017
calculator

Tax Changes effective July 1

Saskatchewan residents who pay income tax will soon be paying less and Saskatchewan people with lower incomes will receive a boost in their tax credit amounts. Starting July 1, 2017, Saskatchewan Personal Income Tax rates will drop by half a percentage point, supporting our government’s growth agenda and improving Saskatchewan’s tax competitiveness. Saskatchewan Personal Income Tax rates will drop by another half point on July 1, 2019. Combined, these two reductions will save a single Saskatchewan taxpayer, with no dependents and an annual income of $50,000, about $77 per year. This person’s 2020 Saskatchewan Personal Income Tax will be $308 lower than his or her 2016 Saskatchewan Personal Income Tax. Similarly, a married couple with two children and an annual family income of $100,000, will save about $117 per year. This family’s 2020 Saskatchewan Personal Income Tax will be $468 lower than their 2016 Saskatchewan Personal Income Tax as a result of these tax reductions. Saskatchewan Low-Income Tax Credit amounts are going up with the maximum basic adult, spouse and equivalent-to-spouse amounts increasing by $100. Dependent child amounts are increasing by $40 per child. This boosts the maximum annual family benefi t by 41 per cent. In support of our growth agenda, Saskatchewan’s general Corporate Income Tax rate will be reduced from 12 per cent to 11 per cent in half-point increments, effective July 1, 2017 and July 1, 2019. At 11 per cent, Saskatchewan’s general Corporate Income Tax rate will be tied with British Columbia for the lowest in Canada, and will be one percentage point lower than Alberta’s rate. Shifting tax away from income through lower personal and corporate income tax rates, and onto consumption through an expanded PST, encourages productivity and keeps our economy strong. The Manufacturing and Processing Profi ts Tax Reduction is being maintained, meaning that Saskatchewan’s effective Corporate Income Tax rate on eligible manufacturing and processing income can be as low as 9% — the lowest tax rate on manufacturing and processing in the country.

MLA Report With Nancy Heppner was last modified: November 10th, 2017 by Nancy Hepner
0 comment
0
Facebook Twitter Google + Pinterest
Nancy Hepner

previous post
Bloom Fundraiser Helps Purchase Cameras for Saskatoon NICU
next post
Preparing for Our Growing Region

Related Articles

Embrace The Zipper Merge!

September 28, 2017

Cougar Sighted in Dalmeny Park

November 2, 2017

Health Care Workers Rank High Among Violence...

April 4, 2018

MLA Report With Nancy Heppner

August 3, 2017

Government of Saskatchewan Committing Funding to Support...

November 30, 2017

Cold Weather Strategy Ensuring Everyone Is Safe...

February 6, 2019

GOVERNMENT APPROVES REDUCED RATE INCREASE FOR SASKPOWER...

January 24, 2018

Saskatoon Health Region Urging Influenza Immunizations

November 2, 2017

Sask. Party Leadership About Rural Saskatchewan

October 5, 2017

MLA Report With Nancy Heppner

November 2, 2017

Sponsored Ad

Tweets

  • #SGI Provides Valentine's Tips for Road Safety (And Dating) - Read full article >> https://t.co/x7tvFvo2AI

    14-Feb-2019

    Reply Retweet Favorite
  • Martensville Shows Amazing Support For Prairie Women on Snowmobiles - Read full article >> https://t.co/MGrdR0F6r8… https://t.co/qveRRYX62d

    13-Feb-2019

    Reply Retweet Favorite
  • Sask Launches Opioid Overdose Awareness Campaign - Read full article >> https://t.co/664Mxn7ZAX https://t.co/gvAnXZkX0z

    12-Feb-2019

    Reply Retweet Favorite
  • February 11 to 16 is Teacher/Staff Appreciation in Saskatchewan - Read full article >> https://t.co/YntcStjJdQ https://t.co/LKhg0JsHkG

    11-Feb-2019

    Reply Retweet Favorite
  • Business Expo Returns To The Map - Read full article >> https://t.co/A044LQBOEh #ChamberOfCommerce… https://t.co/W9MiibvWE5

    06-Feb-2019

    Reply Retweet Favorite
  • SGI Provides Valentine’s Tips for Road...

    Feb 14, 2019
  • Royals Wrestling is Back!

    Feb 13, 2019
  • Martensville Shows Amazing Support For Prairie...

    Feb 13, 2019
  • Sask Launches Opioid Overdose Awareness Campaign

    Feb 12, 2019
  • February 11 to 16 is Teacher/Staff...

    Feb 11, 2019

Recent Posts

  • SGI Provides Valentine’s Tips for Road Safety (And Dating)
  • Royals Wrestling is Back!
  • Martensville Shows Amazing Support For Prairie Women on Snowmobiles
  • Sask Launches Opioid Overdose Awareness Campaign
  • February 11 to 16 is Teacher/Staff Appreciation in Saskatchewan

Popular Posts

  • Newly Opened Overpass Sustains Damage

    September 12, 2018
  • Warman RCMP Asking For Public Assistance in Locating Missing Youth

    October 20, 2018
  • Saskatoon Police Ask For Public Assistance in Locating Missing 16 Year Old

    October 5, 2018
  • Police Ask For Public Assistance in Locating Missing 12 Year Old

    September 21, 2018
  • Saskatoon Schools Go Into Lockdown Due to Armed Man Witnessed in School Yard

    October 16, 2018

Sponsored Ad

Keep in touch

Facebook Twitter Instagram Email

Martensville Chamber of Commerce
Saskatchewan Weekly Newspapers Association

Canadian Media Circulation Audit
  • Facebook
  • Twitter
  • Instagram
  • Email
  • Home
  • Business Directory
  • Advertise
  • KidSport
  • Contact
  • Privacy Policy
  • Login

@2018 - Martensville Messenger. All Right Reserved. Local Web Design


Back To Top