Summary

The Income Tax Amendment Act, 2025 changes formulas for calculating several Saskatchewan tax credits for the 2026 through 2028 taxation years, introduces a one-time fertility treatment tax credit worth up to $10,000, and creates a new investment tax credit for equity investments in small and medium-sized manufacturing enterprises.

This bill updates how Saskatchewan calculates the basic personal amount, spousal credit, dependent child credit, senior supplementary credit, and equivalent-to-spouse credit for 2026, 2027, and 2028. The new formulas adjust how enhancements and annual indexation are applied, ensuring that increases compound properly over time. The bill also introduces a one-time fertility treatment tax credit allowing individuals to claim the lesser of $10,000 or 50 per cent of eligible fertility expenses incurred in Saskatchewan. Finally, the bill creates a nonrefundable Small and Medium Enterprise Investment Tax Credit equal to 45 per cent of equity capital invested in eligible food, beverage, machinery, or transportation equipment manufacturers, available for investments made between July 1, 2025, and June 30, 2028. Minimum investments are $50,000 for corporations and $25,000 for individuals, with a maximum annual credit claim of $140,000 per investor.