A Change Today For Your Tomorrow – Tax Plan Unveiled
Information summarized from the Saskatoon Chamber of Commerce October 14 th media release.
You can read the full Canada West Foundation report at www.sasktaxplan.ca .
The most comprehensive review of Saskatchewan’s tax environment since 1965 was released today with seven recommendations to create a more competitive tax environment in Saskatchewan. The report titled, ‘A Tax Framework for Saskatchewan`s Continuing Prosperity ’ has reforms that are staged for implementation over several years giving the Saskatchewan government time to implement each reform.
The report was funded by the Saskatchewan Chamber of Commerce, the Institute of Chartered Accountants of Saskatchewan, Association of Saskatchewan REALTORS®, Certified General Accountants of Saskatchewan and the Certified Management Accountants of Saskatchewan. The organizations contracted the Canada West Foundation (the Foundation) and its Saskatchewan Director Mr. Jack Vicq, FCA, to create a report outlining the current situation and to identify reforms to enhance the Province’s tax policy.
The report by the Foundation was used to create “A Change Today For Your Tomorrow” a blueprint for prosperity and continued growth in Saskatchewan. "Saskatchewan’s buoyant economy provides the opportunity for a serious consideration of tax reform," says Jack Vicq, Saskatchewan Director for the Canada West Foundation. "Although many equate tax reform with tax cuts, Saskatchewan’s long-term prosperity and competitiveness will depend as much on the type of taxes paid and how those taxes are structured and administered as they will on the rate of taxation."
The plan outlines reforms for the Education Property Tax, Municipal Property Tax, Personal Income Tax, Financial Corporate Capital Tax and taxation of Business Investment.
Canada West Foundation is the only think tank dedicated to being the objective, non-partisan voice for issues of vital concern to western Canadians. For 40 years, through its research and commentary, the Foundation has contributed to better government decisions and a stronger Canadian economy. Visit the Canada West Foundation website at www.cwf.ca