Highlights from the 2021 Saskatchewan Budget – A Business Funding Perspective

April 22, 2021

In Canada Funding Program News Budget Release Saskatchewan

The 2021-22 Budget will protect, build and grow Saskatchewan.

 

highlights 

Key Economic Forecasts: Deficit of $2.6B; GDP forecast to grow 3.4%; Unemployment rate at 8.4%. 

Funding Forecasts 

  • Additional tax and fee relief, including: $174.5M for the Saskatchewan Economic Recovery Rebate for a continued 10% rebate on power bills for customers, businesses, and individuals; continued reduction of small business tax from 2% to 0%; extension of Saskatchewan Technology Start-Up Incentive for 5 years providing a 45% tax credit on technology start ups. 
  • Advancing jobs and growth with $8.1M in funding for Canada Saskatchewan Jobs Grant for job training grants. $3M for the Agricultural Venture Capital Fund to invest in Agri-Tech in addition to the $15M investment announced in 2020. 
  • Environmental funding of $200M for the Accelerated Site Closure Program to clear and clean abandoned oil and gas sites, and $3.8M in annual royalty relief to invest in new methane emissions reduction projects. 
  • Additional Measures include $6.5B in health care funding and $1.5M invested to help support veterans under the Saskatchewan Veterans Service Club Support Program.

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At GrantMatch, we acknowledge that our headquarters are situated on the Treaty Lands of the Mississaugas of the Credit First Nation, as well as the Traditional Territory of the Haudenosaunee, Huron-Wendat, and Anishinabek people. This land is covered by the “Dish With One Spoon” wampum agreement. We respectfully recognize that these lands’ original inhabitants and caretakers are First Nation and Métis people, and we are deeply grateful to be able to work on this land. As a remote team with employees across Turtle Island, also called North America, we would like to acknowledge the importance of the land that each of our team members calls home. GrantMatch actively encourages employees to learn about the history of the land on which they are situated and their local Indigenous peoples.