The largest single-year income tax reduction in Saskatchewan history

And more:

Premier Brad Wall today announced:
– the largest single-year income tax reduction in Saskatchewan history;
– the largest amount of debt reduction in Saskatchewan history; and
– the largest investment in infrastructure in Saskatchewan history, while still maintaining a $1.9 billion cash balance in the Growth and Financial Security Fund.
“Our government is delivering a plan to lower taxes so that everyone will share in the benefits of Saskatchewan’s prosperity,” Wall said. “Today’s announcement benefits every income tax filer in Saskatchewan – even those who pay no income tax currently.”

It’s good to be in Saskatchewan!
Cheers,
lance

62 Replies to “The largest single-year income tax reduction in Saskatchewan history”

  1. Times are definitely good here. I shudder to speculate on what the NDP would have spent on. A direct rebate that they could easily weasel out of in a year? Pharmacare? Homecare? Daycare? What big social program would they have invented to throw money at for the next 70 years? What drain in the economy would they have concocted?
    I think I will spend my extra dollars that i get to keep on a variable speed well pump.

  2. I agree lance, very good. I moved my family here in 97, my friends thought I was nuts.
    No mortgage, short commute, selling real goods into the hottest economy in NA; wind chills are the only dark spot, so to speak.
    Dana

  3. Sorry lance.It’s lies,all lies, from the neo-cons.And it will only go to them welfare farmers…..Q manny in 4..3..2..
    Oh…and welcome to a non socialist gubbermint..heh

  4. Phrase it this way: Saskatchewan announces the largest social program yet as 80,000 low income people are no longer indebted to the government.
    Programs that actually benefit everyone. Imagine that.

  5. Speaking as a resident of BC….welcome, my Saskatchewan friends, to the world devoid of socialistic insanity.
    You deserve it…you have worked for it…enjoy it…
    Lord knows, after 9 years of NDP government, we, in 2001, climbed out of the abyss and became a “have” province again…

  6. Now, this makes sense — talking about the tax measures announced here. This is the kind of thing we only see in the West, although Stelmach in Alberta has been a bum in this regard, because he’s been so busy social-engineering Alberta’s society. But we would never see anything like this in Ottawa — even with an Alberta government in Ottawa as we have it now.
    Kudos to Brad Wall, who leads by example. Taxes in this bloody country are too high (Canadian households spend, er, waste 45% of their income on taxes alone!!!!!!).

  7. And that Son-of-a-B____ Calvert is gone toooo! What a day in Saskatchewan.
    I have relations in Sask and have occasion to travel there. Often. And I urge Mr. Wall to fix the damn roads ASAP. Especially in the NW.
    CRB

  8. And that Son-of-a-B____ Calvert is gone toooo! What a day in Saskatchewan.
    I have relations in Sask and have occasion to travel there. Often. And I urge Mr. Wall to fix the damn roads ASAP. Especially in the NW.
    CRB

  9. Congrats to you all in Sakatchewan!
    From Ontario…
    Don’t worry about us…we will survive here in Liberal-socialist La La Land.
    …sigh…
    If anyone sees Mike Harris tell him we miss him badly and please…come home!

  10. Slightly of topic but regarding SK’s home efficiency program, I was told by an acquaintance that a friend of his living there got a $20,000 grant to upgrade his home. His friend is supplying most of the labour himself so most of the money seems to be for materials.
    Is this possible? Is the program that generous? Or is my friend confusing the tern “grant” with “interest free loan”

  11. Now Saskatchewtonians need to shatter the tyrannical,unproductive Marxist lock on farmers crops, guns, healthcare, liquor retail,oil&gas, mineral rights,education,among others.

  12. Congratulations Saskatchewan!
    I hope you’ll always be a “have” province.
    All the best from Alberta.

  13. but … but…
    at least in Manitoba…
    We have mineral rights!
    We seriously need to steal your work ethic, premier, stability, tax cuts, etc… for here in Manitoba.

  14. I’m pleased to see the economic and political fortunes of SK looking so bright. It’s great to see their current economic success being used properly, instead of funding useless social engineering projects.
    – Tax relief
    – Debt reduction
    – Infrastructure spending
    – Cash reserves
    Amen. You go, Sask!

  15. What about the Grren Shift?
    It will be good for you!
    Just kidding.
    Go Stamps Go!
    Just kidding.
    Awesome.

  16. Good to hear it Lance…
    My understanding of Brad Wall is that we could use a man of his caliber here in Alberta… and people I know that know Brad personally, have said the same…
    Go Stamps Go!
    not kidding…

  17. Wall said. “Today’s announcement benefits every income tax filer in Saskatchewan – even those who pay no income tax currently.”
    Ummm wait a sec! Isn’t Obama saying some of dat same stuff? Or am I just an extremely ‘green’ Ontarian? Go Riders!

  18. “at least in Manitoba…We have mineral rights!”
    Yes. Manitoba has an the world’s largest supply of Fool’s Gold.

  19. I find it fascinating that the MSM has not reported the 3 billion dollar fund allocation announced today by Brad Wall. Neither CBC or CTV websites make any reference to the new Saskatchewan governments policy move to help both our neediest citizens and the rest of the taxpayers in the province. And be clear, this helps the lower income earners much more than high income families. This is solid policy, not an income transfer, but an income enhancer! Imagine if the NDP had just announced a 3 billion dollar social program for Pharma, daycare and home care. Would the CBC take notice of a Saskatchewan government policy then???
    Great work Mr. Premier. (I just will not get tired saying ‘Mr. Premier’ when it applies to Brad!)

  20. This is a historic opportunity. We have a chance to get taxes down, become competitive, a chance to leverage this current success into decades of prosperity. If we can stream line, reduce the burden of government, pay off the debt, we will be set to attract new businesses, new industries, and new talented people.
    Hopefully, the NDP do not find the Saskatchewan equivalent of Obama to lead them to the promised land.

  21. Today, I heard some second hand stuff from a guy at work. His wife works at the UofS, and the Sask gov has apparently offered 12 dump trucks full of money for nuclear research.

  22. Finally the Saskatchewanites that we all know and love can brag about something other than their beloved ‘riders
    =^-^=

  23. I knew there was a reason why I voted Sask Party last time…and why i regret moving back to Ontario…shoot, I seem to have missed a wave…

  24. Congratulations to Saskatchewans! At least one Premier has his head screwed on properly.
    My only question is: why not simply cut the tax rates? Why use an “exemption”? And, a rate cut is a just cut: each individual who pays taxes gets to keep more of his own money. After all, it is his by right.
    Why don’t Canadian politicians simply cut the rates, and why can’t the individual provinces, since they have the power, move towards a parallel private health care system? Why the reticence? Are they afraid that free enterprise doesn’t work? Or are they simply contemptuous of man’s rights and of capitalism (the only social system that protects these rights)?

  25. First, screw the stamps.
    Second, thanks to all from Canada for realizing SK is not some backwards leftist hicksville. Just the past gov’t was.
    Third, Thanks Premier Wall. Perfect. Well Done.
    And lastly, I want to second a previous(or two) poster with this thought………. What would the NDP do with this? 3 Billion to universal day care? No, it would have been 1 Billion to study it and 2 Billion for Sask Power/Tel/Energy so we can have “lowest rates” in the country. At the net cost of less money in my pocket at the end of the day.
    Thank-You Premier Wall

  26. “Yes. Manitoba has an the world’s largest supply of Fool’s Gold. ”
    Good thing I wasn’t drinking something when I read that, or you’d be buying me a new keyboard!

  27. “It’s good to be in Saskatchewan!”
    I used to think it was going to be.
    I am not so sure anymore.
    3 billion… to put that in perspective that is 2 times (twice) the entire revenue stream of the entire personal income tax source in Saskatchewan.
    Put another way: For all of us that pay taxes…. 3 billion EXTRA in government revenue is twice what you pay in taxes…. every year.
    Not to mention that it is almost equal to our entire health budget.
    I absolutely agree with paying down debt and improving infrastructure (And I also thank the gods (ie kate) that Van Mulligan and Calvert will never get their hands on it… they would spend 4B if you gave 3).
    I know that a bunch of it is 1 time monies. (tho with a 20% drop in the Canadian dollar we are not hurt as much as the price of oil would suggest.)
    But what is with the piddly tax reduction? $440? What is that? 13% or so of my tax bill? Dropping the base rate from 11 to 9.5% would have had a greater effect.
    And if our revenues were surplus by twice what the personal taxes amount to??
    Not to mention increases from our crowns. (no big news stories on how natural gas is only $7 a gigjoule? while we have to eat a $20 a month increase? Want to bet that the crowns will still transfer more than 1/2 a billion to general revenue again?
    I was very excited when the saskparty got elected…. now I am starting to think that here is a real nice place to visit; again. 🙁

  28. Great to hear Saskers are clawing back to reality. Maybe next year you’ll get some real tax cuts but at least for now you have a start.

  29. From what I have been told, the tax breaks are only going to be for those working part time or on social assistance with incomes under $15,000. If so, big whoop?! If any of these tax breaks actually make their way to relieving the middle or upper class, then there might be something to get excited about. Call me Saskatchewans provincial personal exception ($8900) comes anywhere close to what we have in Alberta ($15000) and then maybe we could get a little more excited for you folks. From what I gather, all this budget does is make even more profitable to sit on ones ass and spit out kids while sucking on the government teet.

  30. ElectricianJoe
    Dude the main part of this tax cut is moving the provincial personal exception from $8900 to $12900

  31. Barcs, man, think about what you wrote.
    First you compare the entire surplus, $3B to the tax exemptions….
    Then you say you’ve no probs with infrastructure or debt reduction. Well, there’s 2B of the surplus to something that you approve. So how about we talk about the real thing, eh? 1B of tax exemptions.
    Now then, being that there’s a thousand millions in the a billion and a million or so people in Sk. that would round out to about a thousand $/person. So, you, a single male (assumption on my part) gets the lower end of the average and families get the higher end.
    I fail to see your complaints. The entire SP platform during the election was focused on family. I did a line-by-line review of it, it’s on my blog, go read it. This is entirely within their game-plan and totally consistent with what they’ve said they were going to do.
    It’s also consistent as a piece of their million people in ten years plan (or whatever it was called) from six or seven years ago.
    Brad Wall wrote a paper on it that laid it all out. Google it.
    Cheers,
    lance

  32. This should be declared “Thank-you Kate @SDA Day” in Sask.! SDA posted DAILY all the short comings and crooked ‘ways and means’ of the Forlorne Dippers. All of Sask., including the Sask. Party should be sending SDA thank-you notes and donations to her defense fund – against HRC – IMO. Give credit when credit is due..
    That said, I am very happy that Sask. (where I was born and raised) is realizing it’s great potential – finally. What a difference a Day makes when it is voting OUT Dipper Day! Maybe Sask. could stop sending the Yukon your Dipper failures and instead send us some of your entrepreneurs to kick start the economy (transfers only economy) that has been turning the Yukon Territory into a dependant government town (Whitehorse). We have resources and few people but our government sits on a comfy fur with their hands out and their brains on stand by.

  33. With the house for sale in Ontario, I have more reason to return home before the December 31st tax cutoff.

  34. Congrats to my home province. It is a big step forward to the long suffering non dipper supporters to finally see a positive politician in power.
    Caught an item surfing the net where forlorn Calvert tried to take the credit saying that that was what he was going to do and trying to take credit for this event. Right lorne……..don’t let the door hit your a@@ on the way out.
    And Go Riders
    Screw the Stamps

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