• 2025-26 Public Accounts Volume 2 Released

  Source: Saskatchewan - Government News
  Date: 2026-10-29 23:00:00.0
  Tags: [Saskatchewan, Finance, Governance, Taxation]

  The Government of Saskatchewan released the 2025-26 Public Accounts Volume 2, detailing expense and revenue information for ministries, the Legislative Assembly, and its officers from the General Revenue Fund. Deputy Premier and Finance Minister Jim Reiter noted that ministry travel expenses reached $45.1 million in 2025-26, representing a 1.1 per cent or $0.5 million increase from the previous year. Meanwhile, government-wide communications expenses decreased by $1.2 million to $12.1 million in 2025-26 compared to $13.3 million in 2024-25, continuing a 28 per cent reduction from $16.8 million in 2007-08. The report also includes pension plan and trust fund balances, a Statement of Remission of Taxes and Fees, and the Road Use Fuel Tax Accountability Report, following the release of Volume 1 on June 30, 2026.

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• Provinces call on Ottawa to expand mining credit

  Source: Global News Politics
  Date: 2026-10-10 12:17:12.0
  Tags: [National, British Columbia, Alberta, Saskatchewan, Manitoba, Nova Scotia, Taxation, Economy, Resources, Mining, Finance]

  Nearly half of Canada's provinces and territories—specifically Nova Scotia, Manitoba, Saskatchewan, Alberta, British Columbia, and Yukon—are urging the federal Liberal government to fulfill its 2025 election promise to expand the mineral exploration tax credit to include engineering and feasibility study costs. The Association for Mineral Exploration and the Nunavut and N.W.T. Chamber of Mines argue this measure is crucial to help junior mining companies navigate the late-stage 'valley of death' financing gap. An Ernst & Young report commissioned by the association indicates that covering feasibility and economic viability studies could generate between 14,000 and 34,000 jobs and add $5.2 billion to $12.2 billion in GDP over 10 years. While Finance Minister François-Philippe Champagne's office highlighted recent federal initiatives such as the Productivity Mega Deduction and the Critical Mineral Exploration Tax Credit, federal expenses under the Canadian exploration expenses framework still exclude economic assessments and feasibility studies.

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• Strong and Steady: Saskatchewan Maintains Top Provincial Credit Rating

  Source: Saskatchewan - Government News
  Date: 2026-09-14 21:00:00.0
  Tags: [Saskatchewan, Finance, Taxation, Economy, Affordability]

  Moody's Investors Service, Morningstar DBRS, and S&P Global have affirmed Saskatchewan's top provincial credit ratings (Aa1, AA (low), and AA respectively) with stable outlooks, citing strong financial management and a manageable debt burden. Deputy Premier and Minister of Finance Jim Reiter noted that the province's economic strength supports the 2026-27 Budget, which implements the second year of a four-year provincial income tax reduction plan providing approximately $200 million in savings. Under this plan, a family of four pays no provincial income tax on their first $65,000 of income, representing the highest threshold in Canada. Furthermore, Saskatchewan projects real Gross Domestic Product growth to rank third-highest among provinces in 2026 and second-highest in 2027, alongside maintaining the second-lowest net-debt-to-GDP ratio in the country.

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• Government of Saskatchewan Releases 2026-27 First Quarter Report

  Source: Saskatchewan - Government News
  Date: 2026-08-27 22:00:00.0
  Tags: [Saskatchewan, Finance, Economy, Taxation]

  The Government of Saskatchewan released its 2026-27 First Quarter Report, forecasting an $825 million deficit with total revenue of $21.7 billion and total expenses of $22.6 billion, compared to the initially projected $819 million deficit. Total revenue is $331 million higher than budget due to non-renewable resource revenues increasing by $320 million, driven by West Texas Intermediate oil prices rising to US $75.00 per barrel. Conversely, total expenses increased by $337 million over budget due to healthcare service demand pressures, compensation costs, flood-related response efforts, and higher Crop Insurance claims from unseeded acres. The province's net debt-to-GDP ratio is projected to improve to 14.9 per cent by March 31, 2027, with real GDP growth expected to rank third-highest among provinces in 2026 and second-highest in 2027.

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