• 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 Responds to Rate Review Panel Recommendations

  Source: Saskatchewan - Government News
  Date: 2026-09-04 23:30:00.0
  Tags: [Saskatchewan, Finance, Transportation, Affordability]

  The Government of Saskatchewan announced that Saskatchewan Government Insurance (SGI) will implement a 3.75 per cent overall Auto Fund rate increase alongside rate rebalancing, effective June 1, 2027, following recommendations from the Saskatchewan Rate Review Panel. The government also confirmed a 3.75 per cent increase that took effect on June 1, 2026. While the panel recommended an immediate 6.5 per cent capital margin increase, the government directed SGI to proceed with the lower rate increase to balance affordability with the Auto Fund's financial pressures from rising claims costs and inflation. The adjustment will result in an average annual increase of about $39.00 for Saskatchewan vehicle owners.

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