Saskatoon Chamber Welcomes Budget’s Stability, Calls for Path Back to Balance

The Greater Saskatoon Chamber of Commerce says today’s provincial budget provides stability for Saskatoon’s businesses by avoiding new or increased taxes but must be followed by a clear plan to return the province to balance. 

“Today’s budget provides clarity and stability for our businesses during a period of economic uncertainty and global volatility,” says Jason Aebig, CEO of the Greater Saskatoon Chamber of Commerce. “Importantly, it signals that Saskatchewan remains a steady and attractive place to invest and grow and that it recognizes the critical role businesses play in local economies and communities.”

While Saskatchewan continues to maintain a strong net debt-to-GDP ratio and credit rating, the Chamber says the province’s $819.4 million deficit reinforces the need for a clear path back to balance by 2027-28, starting with controlling costs, improving productivity and finding savings inside government. 

“Balancing the books takes a one-two punch. It requires a combination of fiscal discipline by government and private sector growth to close the gap,” observes Aebig. “As the province explores efficiencies and savings across governmentministries, Crowns corporations and agencies, this budget will enable our businesses to do their part: create jobs, expand the tax base and help fund the officers, doctors, nurses and teachers we need.”

According to the Chamber’s most recent business confidence survey, Saskatoon’s business community remains resilient and ready to grow. Eighty-two per cent of businesses reported feeling optimistic about the year ahead, with many planning to hire locally and invest in their operations in 2026.

Budget highlights for Saskatoon business include:

• Small business corporate income tax rate remains at 1% on the first $600,000 of eligible business income.

• General business tax rate for all other businesses remains at 12%

• Tax rate for manufacturing and processing activities remains at 10%

• All other mill rate reductions announced in 2025 are maintained, which includes the education portion of the property tax.

• Corporate Capital Tax (CCT) remains unchanged for small financial institutions, including credit unions

• Municipal revenue sharing grant is up overall $31 million in this budget with Saskatoon’s share increasing based on the existing formula.

Saskatoon’s business community will have an opportunity to connect with Saskatchewan’s Minister of Finance, Hon. Jim Reiter, at a post-budget luncheon hosted by the Chamber on March 20, 2026.