Newspaper article The Canadian Press

Saskatchewan Government Announces PST Exemption for Some Insurance Premiums

Newspaper article The Canadian Press

Saskatchewan Government Announces PST Exemption for Some Insurance Premiums

Article excerpt

Saskatchewan introduces PST exemption

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REGINA - The Saskatchewan government says there will be no longer be a provincial sales tax on agriculture, life and health insurance premiums.

Premier Scott Moe pledged to bring in the exemption during the recent Saskatchewan Party leadership race. He says in a statement that the government is committed to helping families and small businesses.

But he says it will not impact the government's three-year plan to balance the budget by 2020.

"Our fiscal plan remains on track, even with this reinstatement of the PST exemption on crop, life and health insurance," he said.

Moe says the change will cost $65 million in revenue forecast for this fiscal year and $120 million for the following year. …

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