Tag Archives: Government of Saskatchewan

SASKATCHEWAN TAXPAYERS WILL SAVE $9.0 MILLION THROUGH INDEXATION IN 2017 | News and Media | Government of Saskatchewan

All Saskatchewan income tax brackets and tax credit amounts will once again be indexed in 2017, saving taxpayers an estimated $9.0 million.  The level of indexation in 2017 will be 1.4 per cent, matching the national rate of inflation.

“Indexation helps keep taxes in Saskatchewan low by protecting Saskatchewan people from ‘bracket creep’,” Finance Minister Kevin Doherty said.  “Our government is committed to keeping Saskatchewan’s tax system fair and competitive, and yearly indexation is part of an array of measures aimed at accomplishing just that.”

Individual taxpayers now pay no Saskatchewan income tax on their first $19,490 of income while a family of four pays no Saskatchewan income tax on their first $50,495 of income—the highest tax-free income threshold for a family of four in Canada.  A family of four with $50,000 annual income, and deducting $3,000 in child care expenses, has seen their provincial income tax cut by 100 per cent since 2008—from about $2,300 to zero provincial income tax in 2017.

“Our government’s various reductions to personal income taxes since 2008 will save Saskatchewan people more than $490 million in 2017, and have resulted in about 112,000 low-income Saskatchewan residents being removed from the income tax rolls entirely,” Doherty said.  “Over the period of 2008-2017, these personal income tax reductions will have provided a Saskatchewan family of four earning $50,000 in income with total income tax savings amounting to more than $23,000.”

Measures to reduce personal income taxes in Saskatchewan since 2008 include:

  • Increasing personal, spousal, and child exemption amounts and introducing a new Low Income Tax Credit in 2008;
  • Raising personal, spousal, and child exemption amounts again in 2011; and
  • Introducing a new First-Time Homebuyers’ Tax Credit in 2012.

When income tax savings are combined with new tax reduction programs introduced since 2008 (including the refundable Low-Income Tax Credit), a single person with $25,000 annual income will benefit from $941 in lower provincial tax in 2017 than in 2008.  A family of four with $50,000 combined income will see tax savings of $2,694; and a family of four with $75,000 combined income will see tax savings of $2,484, when comparing 2017 to 2008.

Source: SASKATCHEWAN TAXPAYERS WILL SAVE $9.0 MILLION THROUGH INDEXATION IN 2017 | News and Media | Government of Saskatchewan

Private Liquor Retailers Selected | News and Media | Government of Saskatchewan

Successful proponents were selected through a Request for Proposal (RFP) process for the province’s 50 available retail liquor store opportunities.

“The successful proponents range from independent businesses and entrepreneurs to larger established chains as well as six locations that will be owned and operated by affected government liquor store employees,” Minister Responsible for the Saskatchewan Liquor and Gaming Authority Jeremy Harrison said.  “Overall, we received more proposals than originally anticipated so we’re very happy with the response.”

The retail store permits (RSPs) are part of the transition to an expanded private retail system in the province.  The 50 RSPs include 39 SLGA liquor stores that are being converted to private opportunities and 11 new retail store permits.  KPMG was engaged to provide oversight and determine whether the established processes related to this RFP were followed.  The opening dates for these new retailers will vary, depending on factors like whether new buildings are being constructed, renovations to existing buildings are required, etc. The RFP process began in July 2016.

According to the terms of the RFPs, locations in Regina, Saskatoon, Yorkton, Melville, Lloydminster, Moose Jaw and Kindersley must be opened within 18 months and all other communities within 12 months of the announcement date.

SLGA stores that are being converted to private retailers will continue to operate until the new locations are open for business.

“This process to select successful proponents has been a major undertaking,” Harrison said.  “There’s a lot of anticipation and eagerness from both applicants as well as the communities where these businesses will operate.”

The successful proponents must still complete the regulatory part of the application process in order to receive their RSP and begin operating.

The attached backgrounder lists the successful proponents and the communities where they will operate.

Source: Private Liquor Retailers Selected | News and Media | Government of Saskatchewan

Provincial Parks Set Visitation Record Second Year in a Row | News and Media | Government of Saskatchewan

Saskatchewan’s provincial parks and recreation sites hit a new attendance record of nearly four million visits in 2016.  This is an increase of 108,000 visits over the 2015 record.  Visitation to provincial parks has grown 32 per cent since 2007.

“Saskatchewan Provincial Parks continue to gain popularity each year and it’s not hard to see why,” Parks, Culture and Sport Minister Ken Cheveldayoff said.  “Our parks are great places for families to enjoy the high quality of life we have in the province.”

Visitation has been strong to provincial parks for several years, and can be attributed to a focus on providing visitors with engaging programs, desirable facilities and infrastructure, and a commitment to customer service.

New initiatives, including the opening of a brand new, 63 site campground at Blackstrap Provincial Park and the introduction of online reservations for fall camping in some locations helped to boost visitation in 2016.  In addition to new and improved capital infrastructure, visitors continue to return year after year to take part in the high-quality programs and activities offered in provincial parks.

One new program this year, Learn to Fish, was very popular.  This program teaches the basics of fishing, including identifying fish, packing a tackle box and casting.  This free, lake-side program is great entry point for those who are new to fishing and an excellent refresher for experienced anglers.  Learn to Fish took place in nine locations across the province and nearly 400 visitors participated.

Work is already underway to plan for the 2017 season.

Applications for the seasonal camping program will be available on January 4.  Seasonal camping applications will be accepted until February 2 and the draws will be made on February 6.

Further information on the seasonal camping program will be available on www.saskparks.net in mid-December, and details on the nightly campsite reservation launch will be announced in January.

Source: Provincial Parks Set Visitation Record Second Year in a Row | News and Media | Government of Saskatchewan