Flush with cash: Saskatchewan reverses planned tax hike for gyms, some entertainment

Flush with cash: Saskatchewan reverses planned tax hike for gyms, some entertainment

REGINA — Saskatchewan is flush with cash and out of the red.

Finance Minister Donna Harpauer says the province is raking in more money largely due to natural resource prices. 

As a result, Harpauer says her Saskatchewan Party government is reversing its plan to add provincial sales tax to gym memberships and some recreational activities, which was to come into effect in October.

She says the province has enough money to balance the 2022-23 budget, which had a reported deficit of nearly $500-million in April.

The Saskatchewan Party government says it also has enough to return some of that money to residents through tax credits.

Saskatchewan is reporting a first-quarter surplus of over $1-billion for 2022-23 — $1.5-billion more than the province had in April when it tabled its budget. 

This report by The Canadian Press was first published on Aug. 23, 2022. 

The Canadian Press

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