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Saskatchewan 2014 Budget Substantively Enacted 

Canadian Tax Adviser


April 15, 2014


Bill 135, which enacts tax changes announced in Saskatchewan's 2014 budget, received first reading on April 8, 2014. It is now considered substantively enacted for purposes of IFRS and ASPE as of that date (as Saskatchewan has a majority government).

Although the budget did not contain any corporate or personal changes, the bill increases the provincial dividend tax credit rate to maintain the current level of provincial taxation on non-eligible dividends. The bill also proposes to maintain the provincial income tax reduction for credit unions (see TaxNewsFlash-Canada 2014-19, "Highlights of the 2014 Saskatchewan Budget" [PDF 143KB]).


Among other changes, Bill 135:


  • Increases the non-eligible dividend tax credit rate
  • Maintains the province's income tax reduction for credit unions
  • Extends the Rental Housing rebate
  • Changes the deductibility of the Royalty Tax rebate.


For more information, contact your KPMG adviser.



Information is current to April 15, 2014. The information contained in this publication is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's National Tax Centre at 416.777.8500


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