Saskatchewan Budget 2015

On March 18, 2015, Finance Minister Ken Krawetz presented the 2015 Saskatchewan budget, entitled “Keeping Saskatchewan Strong”.  The Minister recognized that the volatile state of revenues linked to the drop in the price of oil necessitated some difficult decisions be made.  However, consistent with prior years’ philosophy, the government prefers to control spending rather than raising taxes.

The budget contains no new measures from a commodity perspective and no new tax increases.  Speaking in terms of sales tax, the province once again noted that their provincial sales tax is family-friendly as it is not imposed on goods and services such as food, residential natural gas, residential electricity, children’s clothing and reading materials to which HST can apply in harmonized provinces.

Further details on the 2015 Saskatchewan budget are available on the province’s web site at:
http://www.finance.gov.sk.ca/budget2015-16