Saskatchewan PST rate increase effective immediately
On March 22, 2017, the 2017-2018 Saskatchewan Budget was tabled.
Effective March 23, 2017, the Provincial Sales Tax (PST) rate in Saskatchewan has increased from 5% to 6%. All Saskatchewan PST registrants should implement this change immediately.
Also, the following changes were made to the Saskatchewan PST rules, effective April 1st 2017:
- Children’s clothing, restaurant meals and snack food will be subject to PST;
- The value of vehicle trade-in allowances will no longer be deductible when determining the PST payable on new vehicle purchases made in the province of Saskatchewan;
- PST will apply to contracts for the repair, renovation or improvement of real property.
Finally, effective July 1st, 2017, all insurance premiums that insure individuals residents in Saskatchewan or property located in Saskatchewan, will be subject to PST.
About the Author
Jean-François Senécal, LL.B., D. Tax, is a Tax Manager at Crowe BGK.
Connect with him: [email protected]