Saskatchewan Party leader Scott Moe announced during a campaign stop in Kenaston Friday that if reelected his government will make the small business tax cut permanent. The tax was reduced to one per cent as the province emerged from the pandemic. The small business tax rate was scheduled to return to 2 per cent on July 1, 2025. Moe also says Saskatchewan will continue to have the highest threshold of annual income in Canada that can be claimed under the small business tax rate at $600,000.

The Saskatchewan NDP had previously pledged to freeze the small business tax for their entire mandate should they form government.

Moe says his government would consult with the Saskatoon and Saskatchewan Chambers of Commerce to develop a new small and medium-sized enterprises tax credit. They also pledge to create a new bursary in the form of an annual grant of $285,000 to the Saskatchewan Chamber for local Chambers in the province to provide $5,000 bursaries to entrepreneurs for business development.

In a statement on social media platform X the Greater Saskatoon Chamber of Commerce says it applauds the Saskatchewan Party’s announcement regarding a proposed SME Investment Tax Credit if re-elected.

Saskatoon Chamber CEO Jason Aebig says traditionally, small and medium size businesses leverage funds from friends and family to purchase capital and equipment, adopt new technology and grow their sales but a tax credit of this nature means business owners will have access to capital to improve their operations.