Based on Saskatchewan Government announcement, Small Business as a CCPC, pay a reduces tax rate of 2%
Saskatchewan small businesses, defined as Canadian-controlled private corporations, pay a reduced rate (commonly known as the small business rate) of 2% on the first $600,000 of eligible business income earned.
As announced on August 23, 2022, Saskatchewan’s small business corporate income tax rate will temporarily remain at 0% until June 30, 2023. The restoration of the rate to 1% per cent will be delayed to July 1, 2023, and on July 1, 2024 the rate will return to 2%.
As of January 1, 2018, the small business income threshold increased from $500,000 to $600,000.
Changes to the rate and income threshold are pro-rated for corporate taxation years that straddle effective dates.
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