On Canada Day, small business owners in Saskatchewan will be paying higher taxes.of Saskatchewan is hiking the small business tax rate after cutting it to zero in 2020.
That logic hasn’t changed. Low taxes still help businesses deal with economic troubles, and, despite moving on from the pandemic,predict a downturn in the near future. With so much uncertainty, it’s foolish for the government to impose even more costs on small businesses. a windfall of over $1.1 billion more in business taxes than originally projected. Taxing small businesses again would only increase that windfall by a mere eight percent.saved