By Drew Postey
Apr 6, 2021 2:43 PM
Reaction is beginning to come in from around Saskatchewan after Deputy Premier and Finance Minister Donna Harpauer announced the 2021/22 provincial budget Tuesday afternoon.
Related:
Saskatchewan Heavy Construction Association:
Job creation and a step toward economic recovery are two key takeaways from the 2021-22 Saskatchewan budget for the Saskatchewan Heavy Construction Association.
The announcement on Tuesday from the Saskatchewan Ministry of Highways has $830 million, including $520 in capital, earmarked for dozens of projects throughout the province.
Many of these projects are multi-year initiatives that will enhance safety on Saskatchewan highways and ensure efficiency in the movement of products and services to and from rural and urban communities.
“We are pleased to resume the indexation of income tax brackets and tax credit amounts in 2021,” Deputy Premier and Finance Minister Donna Harpauer said. “Indexation protects Saskatchewan taxpayers from bracket creep, and helps keep the tax system fair, competitive and affordable.” Saskatchewan families with children enrolled in sports, arts and cultural activities will also be able to claim the Active Families Benefit once again on their 2021 taxes. “Restarting the Active Families Benefit to make children’s activities more affordable was a key election commitment of our government,” Harpauer said. “As promised, the Active Families Benefit will provide a non-refundable tax credit of $150 per year per child to eligible families. Families of children with a disability will receive an additional $50, for a total tax credit of $200 per year per child.”
A series of new and returning provincial income tax credits and other tax-reduction initiatives will help make life more affordable for Saskatchewan people in the new year. All Saskatchewan income tax brackets and tax credit amounts will once again be indexed in 2021, saving the province’s taxpayers an estimated $15 million. The level of indexation in 2021 will be 1.0 per cent, matching the national rate of inflation. “We are pleased to resume the indexation of income tax brackets and tax credit amounts in 2021,” Deputy Premier and Finance Minister Donna Harpauer said. “Indexation protects Saskatchewan taxpayers from bracket creep, and helps keep the tax system fair, competitive and affordable.”
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