REGINA — The Government of Saskatchewan is reminding the public that it is delivering further income tax relief as part of the 2026-27 Provincial Budget. This year marks the second year of the government's ongoing four-year commitment to further reduce personal income taxes annually.
This year's budget once again includes measures introduced in The Saskatchewan Affordability Act, including increasing the Basic Personal Exemption Tax Credit, Spousal and Equivalent-to-Spouse Exemption Tax Credit, Dependent Child Tax and Seniors Supplementary Tax Credit by an additional $500 each, and increasing the Saskatchewan Low-Income Tax Credit by five per cent – which benefits about 300,000 households in the province by providing quarterly benefit payments.
These increases are applied in addition to annual indexation adjustments that offset the impacts of inflation.
Combined with indexation, The Saskatchewan Affordability Act is providing approximately $200 million in tax savings this year, says the government in a release.
As a result of these measures, says the release, a family of four will pay no provincial income tax on their first $65,000 of income – the highest tax-free threshold in Canada. Furthermore, a family of four earning $100,000 will pay nearly $4,500 less in provincial income tax than they paid in 2007, says the release
In addition to these affordability measures, the budget also doubles the Volunteer First Responders' Tax Credit from $3,000 to $6,000.
