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Taxation

Taxation

Recent tax changes in Saskatchewan have made it a very competitive place to do business in terms of corporate income tax. The following chart shows Saskatchewan in the top four for effective corporate income tax rates.

Comparing to Alberta and British Columbia, the lower costs of doing business in other measures more than makes up for differences in taxation rates as is evident from KPMG’s Competitive Alternatives study found in the “Cost of Doing Business” section of this website. The overall cost of doing business in Saskatchewan is competitive amongst all of Canada’s provinces.

For a further breakdown of taxation rates by Corporate entity and location, the charts below show the various taxation levels for Canadian-Controlled Private Corporations, Non-Canadian-Controlled Private Corporations and the mill rates found in the City of Regina and the surrounding Rural Municipalities.

Combined Federal/Provincial Income Tax Rates
for Income Earned by a Canadian Controlled Private Corporation
Effective Date	Small Business Income*		General Active Business Income		Investment Income
July 1, 2008	15.50%		31.50%		46.70%
July 1, 2009	15.50%		31.00%		46.70%
* Small Business Income threshold was set at $500,000 on July 1, 2008.
Source: KPMG, Revenue Canada


Combined Federal/Provincial Income Tax Rates
for Income Earned by a Non-Canadian Controlled Private Corporation/General Corporation
Effective Date	General M&P Income		General Active Business Income		Investment Income
July 1, 2008	29.50%		31.50%		31.50%
July 1, 2009	29.00%		31.00%		31.00%
Source: KPMG, Revenue Canada


Property Taxation: Mill Rates
(For City of Regina and Four Rural Muncipalities in the Regina Region)
Jurisdiction		School Rate		Mill Rate	Total Mill
City of Regina*		19.7393		21.0189	40.7582
Sherwood		22.75		6.42**	29.17
Lumsden		22.75		12.5	35.25
Edenwold		22.75		9.5	32.25
Pense***		22.75		4.48	27.23
* The Mill Rate for the City of Regina is broken down to 18.913 for the city and 2.1059 for library.
**Sherwood has two mills depending on the operation: Commercial (above) and Agricultural (5.9064)
*** Data is for the Prairie Valley sub-area; Prairie South has a School Rate of 24.80
Source: City of Regina, Rural Municipalities of Sherwood, Lumsden, Pense, and Edenwold