Earlier this week the Government of Saskatchewan’s released its four-point affordability plan which provides continued tax relief for small business while reducing the operating debt by $1 billion. The four-point affordability plan will also help residents and businesses address inflation and the rising cost of living.
“We are pleased that the small business tax rate reduction to 0% will be extended to 2024,” said Tony Playter, CEO of the Regina & District Chamber of Commerce. “On average this should save each small businesses an average $3,000 each year.”
The tax savings will assist small businesses with rising costs due to inflation, labour force recruitment and supply chain issues.
“The four-point affordability plan announcement is a sign that our economy is strong, and a balanced budget combined with reduced debt will help with our future growth,” added Playter.