In Canada

Highlights from the 2021 Saskatchewan Budget – A Business Funding Perspective

HIGHLIGHTS FROM THE 2021 SASKATCHEWAN BUDGET – A BUSINESS FUNDING PERSPECTIVE

Subscribe

Subscribe

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.

Similar posts

Sign up for exclusive grant funding updates and more. 

Be the first to know about new government programs and learn more about our products and services designed to keep you up to date with Canada's ever-changing funding landscape.