Budget 2020

2020 Saskatchewan budget summary

On June 15, 2020, Finance Minister Donna Harpauer tabled Saskatchewan’s 2020-21 budget. For 2020-21, the government has projected revenues of $13.6 billion (a decrease of 8.3%  from last year) and expenses of $16.1 billion (an increase of  7.2% from the prior year’s budget) resulting in a deficit of approximately $2.4 billion. Due to the uncertainty caused by the COVID-19 pandemic,  the government has not provided projections for future years.

Business tax measures

Corporate tax rates

The budget does not propose any changes to corporate tax rates, or the $600,000 small business limit.

Saskatchewan’s corporate tax rates for 2020 are summarized as follows:

Read the full SK Budget Summary [ 801 kb ]