Legislative Report
April 10, 2025

New Budget Initiatives Coming Into Effect

As April advances, so does the implementation of programs and services promised in our 2025-26 Budget presented on March 19^th, 2025.

With the only balanced budget in Canada, we work every day to ensure Saskatchewan is strong and steady. We continue to be the most affordable place to live, work and raise a family. Included in this Budget are the largest personal income tax reductions in the province since 2008. Examples include: raising the basic personal exemption, spousal and equivalent-to-spouse exemption and dependent child exemption by $500 a year for the next four years - over and above the impact of indexation. Upon full implementation, an additional 54,000 residents will no longer be paying any provincial income tax.

Supporting our local businesses has always been a source of pride. However, current global affairs, illustrate how critically important it is. The Small Business Tax Rate will permanently remain at one per cent, which benefits more than 35,000 small businesses and saves them over $50 million annually in corporate income taxes. 

Saskatchewan Economy Posting Strong Numbers

Our government’s commitment to procuring from Saskatchewan based companies remains strong and has awarded nearly 90 per cent of all procurements to Saskatchewan companies over the past five years. When Saskatchewan companies bid, that number has jumped to 95 per cent. In the same period, the province has awarded more than 99 per cent of procurements to Canadian companies, with less than one per cent awarded to US companies.

The commitments for human resource planning continues to see results in health care and education. Statistics Canada's latest labour force numbers show continued growth in Saskatchewan as we lead the nation with a 3.4 per cent job growth rate. Health care and social assistance is up 8,100 an increase of 8.8 per cent and educational services is up 4,900 an increase of 8.7 per cent. Saskatchewan also had the lowest unemployment rate among provinces at 4.9 per cent, well below the national average of 6.7 per cent. 

Our province was featured at the Food, Fuel, Fertilizer Global Summit last week. The summit explored the global role Saskatchewan plays, particularly in the sectors of agriculture, mining and energy. Through his keynote, Premier Moe discussed: food, and energy security, cutting the carbon tax, the province's tariff response plan and the importance of diversifying export markets.

In 2024, Saskatchewan's exports reached over 160 countries, with eight markets that totaled over $1 billion. Last year the province saw international merchandise exports reach $45.4 billion, a top three record for Saskatchewan.

Private capital investment in Saskatchewan increased last year by 17.3 per cent to $14.7 billion, ranking first among provinces for growth.

All of this allows our government to prioritize affordability, health care, education, and safer communities. Delivering the services Saskatchewan people need and deserve.