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Did You Know? To encourage construction of new multi-unit rental housing projects, there is a corporate income tax rebate equal to 10 per cent of the rental income generated from newly constructed multi-unit rental projects, for a period of up to ten years. When combined with other housing initiatives, it’s expected to encourage the construction of an additional 10,000 new rental units in the province over the life of the program. Tax Information The Government of Saskatchewan’s taxation regime is designed to provide the financial resources to meet the Province’s responsibilities in funding public services such as health care and education. The Province’s financial resources do not come solely from taxation but tax revenue annually makes up a significant portion of the Province’s own-source revenue. The Province’s taxation regime is continually reviewed to ensure that it is meeting Saskatchewan’s revenue requirements within the following principles: fairness, competitiveness, simplicity and sustainability. While the primary purpose of taxation is to raise sufficient revenue to fund public services, governments also attain some of their social and economic goals by reducing taxes through various tax credits and other initiatives (these measures are commonly called "tax expenditures").
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