Saskatchewan Budget 2025: Funding and Opportunities 

On March 19, 2025, Saskatchewan’s recently re-elected government, led by Premier Scott Moe, tabled the 2025–26 provincial budget, the 18^th budget delivered by the Saskatchewan Party since it formed government in 2007.  

The budget outlines a cautious yet optimistic path forward, focusing on affordability, healthcare, education, and community safety. Despite broader economic headwinds impacting other provinces, Saskatchewan forecasts a surplus of $12.1 million, with total revenue projected at $21.1 billion, up $1.2 billion (6%) from last year.  

Total expenditures are set at $21 billion, marking a $909 million increase from the 2024–25 budget. 

 

Targeted Tax Relief for Residents and Businesses 

A major focus of the 2025–26 budget is affordability. The government introduced new taxation changes under The Saskatchewan Affordability Act, offering more than $250 million in tax savings this year. This builds on more than $2 billion in affordability measures introduced in past budgets. Saskatchewan aims to maintain its status as the most affordable province in Canada to live, work, raise a family, and run a business. 

Income tax reductions aim to benefit every resident, family, and small business. The province is also providing targeted tax relief for seniors, persons with disabilities, caregivers, new graduates, first-time homebuyers, and individuals renovating their homes. Additionally, education property tax mill rates will be reduced across all property classes. 

Economic Outlook and Opportunities for Business 

The budget anticipates increased revenues from potash and provincial sales tax (PST), driven by ongoing economic growth, population gains, and strong construction activity. Corporate income tax revenue is expected to hit $1.7 billion, an increase of $450 million (37.2%) over the previous year, reflecting robust national corporate taxable income and a lower share of income eligible for the small business rate. 

For businesses, this budget represents a unique opportunity to leverage strong economic fundamentals and newly available government funding. The tax reductions, especially those benefiting small businesses, will enhance cash flow and provide additional capital for innovation, workforce expansion, and productivity improvements. 

Business owners and entrepreneurs should also monitor provincial and federal funding programs that align with Saskatchewan’s growth sectors, such as agri-food, mining, and clean technology, especially given the province’s resource-rich landscape and expanding infrastructure. 

Sustaining Core Public Services for Health and Education 

The budget makes record investments in healthcare, with $15.7 billion allocated to expand access to acute, emergency, and primary care services. Key priorities include: 

• Connecting every resident to a primary healthcare provider 
• Hiring more healthcare professionals across the province 
• Expanding continuing care and mental health and addictions services 

Education also receives a significant boost. More than $5 billion has been committed to K-12 education since last year, including $130 million earmarked for implementing a new teacher bargaining agreement. The budget also funds 50 new specialized support classrooms to address behavioral challenges and includes initiatives to enhance early learning, childcare, and K-3 literacy. 

Community Safety and Fiscal Responsibility 

A total of $2 billion will go toward improving community safety. Highlights include hiring approximately 100 new municipal police officers and adding 14 officers specifically tasked with reducing crime related to nuisance properties. The province will also bolster border security with increased provincial law enforcement at the U.S. border. 

In terms of fiscal performance, Saskatchewan continues to stand out. The province boasts the second-lowest net debt-to-GDP ratio among Canadian provinces and holds the second-highest credit rating, based on ratings from Moody’s, DBRS Morningstar, and S&P Global. 

Budget 2025 Sets a Path for Sustainable Growth 

Saskatchewan’s 2025–26 budget underscores a balanced and forward-looking approach to economic management. While maintaining a budget surplus and preserving top-tier credit ratings, the government is also investing substantially in affordability, healthcare, education, and safety. 

For Saskatchewan’s business community, the budget provides reassurance through tax relief, growing infrastructure investment, and a stable policy environment. Businesses that understand how to access and utilize provincial and federal government funding programs will be best positioned to capitalize on these opportunities in the coming fiscal year.