Released on April 30, 2013
Income tax reductions by the Government of Saskatchewan since 2007 have resulted in significant savings for families and individuals.
For example, a family of four with $50,000 in annual income will pay just $207 in provincial income tax in 2013, compared to $2,302 in 2007, representing tax savings of $2,095 annually.
“These significant cuts to provincial income tax are making a huge difference in terms of disposable income and quality of life for Saskatchewan people,” Finance Minister Ken Krawetz said. “Saskatchewan is now extremely competitive compared to other provinces in Canada in terms of taxation, and as part of our Plan for Growth we intend to keep it that way.”
In terms of all provincial taxes, that same family will pay $668 in Saskatchewan in 2013, compared to $2,915 in Manitoba, $4,325 in British Columbia and $5,400 in Quebec.
“In keeping with the Plan for Growth, our government will ensure that Saskatchewan continues to have a competitive tax environment that will attract and retain individuals and businesses to our province,” Krawetz said. “Moving forward, we will continue to cut taxes for Saskatchewan people, provided those tax reductions are affordable and sustainable, within a balanced budget.”
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For more information, contact:
Jeff Welke
Finance
Regina
Phone: 306-787-6046
Email: jeff.welke@gov.sk.ca
Cell: 306-536-1185