Crop insurance will cost more in the wake of this year’s Saskatchewan provincial budget.
The 6% PST will be applied to premiums for crop insurance and the Western Livestock Insurance Program starting July 1.
Producers who purchase Crop Insurance for the 2017 growing season will have the PST applied to their portion of their 2017 insurance premium.
APAS President Todd Lewis says the additional costs will be substantial, noting many farmers have well over $100,000 in insurance.
The government’s portion of the Crop Insurance premium will not include PST.
Producers will see the PST charge on their statement of insurance issued in July.