Thursday, November 02, 2006

Sask: More tax cuts

I just received an email from Sask Finance announcing more tax cuts/shifts. Here's a cut and paste:

  • The small business corporate income tax rate is being reduced from 5% to 4.5%, effective January 1, 2007;
  • The small business dividend tax credit rate is being reduced from 8% to 6%, effective for the 2007 taxation year; and,
  • A new 11% dividend tax credit rate is being established for dividends subject to the 145% federal gross-up factor, effective for the 2007 taxation year;

Wow, this New Saskatchewan Party Government really does seem taxpayer-friendly.

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