Saskatchewan Introduces Affordability Act to Lower Income Taxes

The legislation includes tax cuts, credits for families and first-time homebuyers, and measures to offset inflation.

The Saskatchewan Affordability Act raises personal income tax exemptions and indexes tax brackets to inflation, aiming to save an average family of four over $3,400 in four years.
An estimated 54,000 residents will no longer pay provincial income tax under the new measures, according to the provincial government.
The legislation introduces tax credits for first-time homebuyers and home renovations, with potential annual savings of up to $420.
Additional provisions include a 25% increase in tax credits for children with disabilities and caregivers, and doubled benefits for families enrolling children in sports and arts programs.
The opposition NDP supports the bill but calls for further action, including suspending the provincial fuel tax and removing sales tax on certain grocery items, which the government has declined to implement.