Small businesses are Saskatchewan's economic drivers and they are key to our economic recovery, but the COVID-19 recovery has been slow for most.
That is why the majority (67%) of the province’s small business owners believe it is very important for the next government to provide tax relief to help small businesses recover, even if it delays balancing the budget.
Our recommendations for how the next provincial government can provide much-needed tax relief include:
- Immediately delivering provincial tax relief for small businesses to help speed Saskatchewan’s economic recovery such as:
- Introducing additional grants for businesses to cover COVID-19 related costs;
- Providing temporary PST relief to stimulate customer demand and help restore employment levels;
- Introducing a plan to reduce Saskatchewan’s small business corporate income tax rate from 2% to 0% on the first $600,000 of business income
- Rejecting any proposal that would provide increased taxation powers for municipalities (e.g. fuel, income or sales tax);
- Pushing to stop planned CPP premium and federal carbon tax increases, as well as any EI premium increases for the next four years.