Quantcast
Channel: Potash - CKOM RSS
Viewing all articles
Browse latest Browse all 50

Sask. finance minister reports $600M revenue shortfall

$
0
0

Saskatchewan's finance minister said lower income tax and corporate taxes are partially to blame for $600 million in lost revenue.

By Lauren Golosky

Expect a bigger deficit, perhaps even in the billion dollar range.

Saskatchewan’s Minister of Finance Kevin Doherty said the province has lost $600 million in revenue.

“What that reflects is we have lower income tax coming in, lower corporate tax, fuel taxes are down, consumption taxes – that being the provincial sales tax – are down,” he explained.

“All combined, our forecast right now is down about another $400 million in this fiscal year since I brought out the budget... // Read Full Article


Viewing all articles
Browse latest Browse all 50

Trending Articles