Saskatchewan flag

2023 Saskatchewan Budget Highlights

2023 Saskatchewan Budget Highlights

Synopsis
1 Minute Read

Saskatchewan Minister of Finance Donna Harpauer tabled the province’s 2023 Budget on Wednesday, March 22, 2023.

Saskatchewan Minister of Finance Donna Harpauer tabled the province’s 2023 Budget on Wednesday, March 22, 2023. This year’s budget, titled Growth That Works For Everyone, includes investments in health care, education, social services, and public safety. The budget also contains capital investments and increased efforts in international trade to strengthen the economy.

No corporate or personal income tax rate changes were announced.

Tax measures in the budget include:

  • Extension of the Saskatchewan Manufacturing and Processing Exporter Tax Incentive, a non-refundable tax credit available to eligible corporations, until December 31, 2023.
  • Increase to the Saskatchewan Mineral Exploration Tax Credit to 30 percent (from 10 percent), effective for the 2023 taxation year.
  • Continuation of the Graduate Retention Program to provide up to $20,000 in tax credits to post-secondary students who remain in the province to work.
  • New exemptions from Saskatchewan’s Provincial Sales Tax (PST) on:
    • Select farm equipment (certain produce storage buildings, boats with attached harvesting equipment)
    • Labour to repair and install medical equipment
    • Geothermal drilling rigs
  • Increases to benefits for Saskatchewan Income Support, Saskatchewan Assured Income for Disability, Senior's Income Plan, and the Personal Care Home Benefit in support of low-income individuals and families.

Full details of the 2023 Saskatchewan Budget can be found here.

Insights

  • Performance

    March 31, 2025

    Tariff relief and federal support for Canadian businesses

    Read our overview of the federal tax relief and support measures available to Canadian businesses impacted by tariffs.

  • Progress

    March 28, 2025

    New Trust Reporting Rules – Are You Ready?

    Find out more about proposed new federal trust reporting rules which would increase disclosure requirements, and what you can do to prepare for them.

  • Progress

    March 28, 2025

    Are you ready to sell your land? Key considerations for farmers

    Selling your farmland? The right strategy can protect your wealth and reduce taxes. Here’s what you need to know before you make a decision.