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When will ProFile be updated to include the Saskatchewan small business corporate tax rate of 0% which was effective on Oct 1, 2020?

The Saskatchewan Lieutenant Governor gave royal assent on Dec 10, 2020 to Bill 2 The Income Tax (Strong Recovery Small Business Tax Reduction) Amendment Act, 2020 which reduced the Saskatchewan small business corporate tax rate as follows:

0% for the period commencing on Oct 1, 2020 and ending on Jun 30, 2022;

1% for the period commencing on Jul 1, 2022 and ending on Jun 30, 2023; and

2% for the period commencing on Jul 1, 2023.

When will ProFile be updated to include the Saskatchewan small business corporate tax rate of 0% which was effective on Oct 1, 2020?

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When will ProFile be updated to include the Saskatchewan small business corporate tax rate of 0% which was effective on Oct 1, 2020?

Hi, thank you for using Intuit ProFile Community

The updated SK411 is targeted for release in ProFile version 2020.3.0. This release is scheduled for distribution in Mid February before the CRA T1 e-file window opens

Hope this helps

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3 Comments 3

When will ProFile be updated to include the Saskatchewan small business corporate tax rate of 0% which was effective on Oct 1, 2020?

Hi, thank you for using Intuit ProFile Community

The updated SK411 is targeted for release in ProFile version 2020.3.0. This release is scheduled for distribution in Mid February before the CRA T1 e-file window opens

Hope this helps

When will ProFile be updated to include the Saskatchewan small business corporate tax rate of 0% which was effective on Oct 1, 2020?

Hi Duncan,

Thank you for your reply and for the timing of when the updated SK411 form will be released.

Take care,

Jordan N. Brown, CPA, CA

When will ProFile be updated to include the Saskatchewan small business corporate tax rate of 0% which was effective on Oct 1, 2020?

resolved. Confirmed release date with pd