The province is announcing they have generously decided to index our tax rates to inflation and CJME is erroneously reporting this as "savings." By now everyone should understand that indexing tax rates to inflation (ending bracket creep) is nothing more than preventing a stealth tax increase.
Some Tax Savings to Ring in 2006
There is some tax relief in store for us, after all. The Government of Saskatchewan is going to fully index personal income taxes to a 2.2% inflation rate in 2006.
In total, $17.6 million dollars in tax relief will be provided. But, don't expect to get rich off it. It will mean tax savings of $32 next year for someone making up to $25,000. That "swells" to $59, or just under $5 a month, if you make $50,000.
Brent Pushkarenko reporting
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