Category Archives: Government

A Decade Of Solid Job Growth And Strong Growth In December

December’s job numbers show Saskatchewan had the second highest percentage employment growth rate among the provinces between 2007 and 2017 and added 5,000 jobs in December, starting the year from a position of strength.

There have been 62,700 jobs created over the last decade in Saskatchewan, a 12.4 per cent increase, well above the national rate of 9.8 per cent.

Among the provinces, Saskatchewan had the fifth lowest annual average unemployment rate in 2017 at 6.3 per cent.  Nationally, the annual average unemployment rate was 6.3 per cent.

A Decade Of Solid Job Growth And Strong Growth In December Economic Development Government  Unemployment Rate Saskatchewan Government of Saskatchewan

There was an average of 567,600 people employed in 2017, 900 fewer than in 2016.

“There are more than 60,000 more jobs today in Saskatchewan than there were 10 years ago,” Premier Brad Wall said.  “This has been a period of exceptional growth for our province, driven by businesses large and small.  Thanks to their efforts, there are more opportunities for Saskatchewan people to build a career and contribute to our community.  With our population continuing to grow, we are beginning a second decade of growth.  For Saskatchewan, the best is yet to come.”

Other 2017 highlights include:

  • Major year-over-year gains were reported for trade, up 3,800; manufacturing, up 2,300; and professional, scientific and technical services, up 2,100 compared to 2016.
  • Youth unemployment rate was 11.8 per cent, fourth lowest among the provinces.

On a month-over-month basis, there was an increase of 5,000 jobs (seasonally adjusted) between November 2017 and December 2017.  December 2017’s unemployment rate was 6.4 per cent, down from 6.6 per cent in December 2016.

Source: A Decade Of Solid Job Growth And Strong Growth In December

SMALL BUSINESS THRESHOLD HIGHER, PERSONAL TAXES LOWER IN 2018

Saskatchewan’s small business owners can look forward to the new year knowing they will have the highest income threshold in Canada. Individual Saskatchewan taxpayers will benefit from a full year of the lower Personal Income Tax rates introduced last July, for a savings of more than $120 million in 2018.

The provincial small business income threshold—the amount of income up to which small businesses pay tax at the much lower two per-cent small business tax rate—goes up from $500,000 to $600,000 effective January 1.

“A higher income threshold provides small businesses with an incentive to hire more workers and invest new capital right here in Saskatchewan, supporting our government’s growth agenda,” Finance Minister Donna Harpauer said. “Meanwhile, Saskatchewan’s 12 per cent corporate income tax rate continues to be competitive and among the lowest in the country, further enhancing our province’s significant advantages when attracting new investment and jobs.”

Also in 2018, Saskatchewan residents will benefit for an entire calendar year from lower provincial Personal Income Tax rates, which dropped half a percentage point effective July 1, 2017.

“Lower personal taxes help to create jobs and attract people to our province by improving Saskatchewan’s tax competitiveness,” Harpauer said.

Saskatchewan Personal Income Tax rates will drop by another half point on July 1, 2019. These rate reductions will save a single Saskatchewan taxpayer, with no dependents and an annual income of $50,000, about $77 per year in each of 2018, 2019 and 2020.

As a result of these tax reductions, individual’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 in each of 2018, 2019 and 2020.

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.

Source: http://www.saskatchewan.ca/government/news-and-media/2017/december/28/business-and-personal-taxes

Sask. developing rural crime app

The Saskatchewan government has selected a team of technology startups to develop prototype systems to help reduce rural crime. Jeff Shirley, owner of Rivercity Technology Services Ltd. in Saskatoon, and William Topping, founder of Brand X Technologies also in Saskatoon, will work in a joint venture partnership to design an app and GPS device that will alert rural residents and landowners of any irregular activity.

Source: Sask. developing rural crime app

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