Sask. government changing corporate tax plan
Premier Brad Wall is indicating the planned changes to the corporate income tax rate won’t go ahead.
Talking to reporters at the Saskatchewan Legislature Thursday, Wall said the change wasn’t necessary now that the B.C. government had increased its rate.
“So for us to continue to be the most competitive, have the lowest or tied for the lowest corporate income tax rate, means we don’t need to lower the our rate,” Wall said.
The 2017-18 budget announced a crease in the corporate income tax rate from 12 per cent to 11.5 per cent on July 1, 2017, then a further reduction to 11 per cent on July 1, 2019.