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?
