Released on April 2, 2026
The Government of Saskatchewan is delivering further income tax relief as part of the 2026-27 Provincial Budget. This year marks the second year of the government's ongoing four-year commitment to further reduce personal income taxes annually.
This year's budget once again includes measures introduced in The Saskatchewan Affordability Act that benefit every resident in the province, including increasing the Basic Personal Exemption Tax Credit, Spousal and Equivalent-to-Spouse Exemption Tax Credit, Dependent Child Tax and Seniors Supplementary Tax Credit by an additional $500 each, and increasing the Saskatchewan Low-Income Tax Credit by five per cent - which benefits about 300,000 households in the province by providing quarterly benefit payments.
These increases are applied in addition to annual indexation adjustments that offset the impacts of inflation, ensuring tax savings help to address the increased cost of living.
"Our government is focused on making life more affordable for Saskatchewan people," Finance Minister Jim Reiter said. "By continuing to permanently lower income taxes, we are protecting individuals and families, allowing them to keep more of what they earn."
Combined with indexation, The Saskatchewan Affordability Act is providing approximately $200 million in tax savings this year alone.
As a result of these measures, a family of four will pay no provincial income tax on their first $65,000 of income - the highest tax-free threshold in Canada. Furthermore, a family of four earning $100,000 will pay nearly $4,500 less in provincial income tax than they paid in 2007.
In addition to these affordability measures, the budget also doubles the Volunteer First Responders' Tax Credit from $3,000 to $6,000, providing recognition to the many volunteer firefighters, emergency services personnel and rescue teams that help protect Saskatchewan residents.
These changes build on the government's broader affordability plan and reflect its commitment to providing meaningful, long-term permanent tax relief while maintaining strong public services and a growing economy.
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For more information, contact:
Media Relations
Finance
Regina
Phone: 306-787-7155
Email: financecommunicationsfi@gov.sk.ca