The Reminder is making its archives back to 2003 available on our website. Please note that, due to technical limitations, archive articles are presented without the usual formatting.
Indexation of provincial income tax is projected to save Saskatchewan taxpayers an estimated $20.2 million in 2013. Individual taxpayers now pay no Sask-atchewan income tax on their first $18,455 of income while a family of four pays no Saskatchewan income tax on their first $47,790 of income. It's the highest tax-free income threshold for a family of four in Canada. Finance Minister Ken Krawetz said a family of four with a $50,000 annual income has now seen its provincial income tax cut by more than 90 per cent since his government was elected six years ago. 'In 2007, they would have paid about $2,300 in income tax and in 2013, they will pay about $200 in income tax _ a savings of more than $2,000 a year,' he said in a news release. 'Affordable' Continuing to index the income tax system to inflation every year, Krawetz said, is a way of 'keeping life in Saskatchewan affordable.' Since 2008, Sask-atchewan residents have saved more than $300 million through lower personal income taxes, and 114,000 low-income Saskatchewan residents have been removed from the tax rolls. But opposition politicians and everyday residents of Saskatchewan continue to raise concerns over the rising cost of housing and other necessities in parts of the province.
