SASKATOON, SK: The Canadian Taxpayers Federation released its annual New Year’s Tax Changes report today to highlight the major tax changes in 2026.

“It’s great to see Premier Scott Moe continue to make life more affordable for Saskatchewanians in the new year, said Gage Haubrich, CTF Prairie Director. “In 2026, Saskatchewan families will be saving on their income tax and property tax bills. Saskatchewan businesses will be shielded from the costs of the industrial carbon tax because Saskatchewan is Canada’s only carbon tax-free province.”

Industrial Carbon Tax: The Saskatchewan government set its provincial industrial carbon tax to zero on April 1, 2025. This removed the carbon tax from SaskPower bills, saving Saskatchewan families hundreds of dollars per year.

Income Taxes: The Saskatchewan government is continuing with its planned income tax cuts announced in 2024. The government is increasing the personal income tax exemption, the spousal exemption, the child exemption and the seniors supplement by $500 per year until 2028.

This tax cut will save a family of four $2,100 over four years.

Education Property Taxes: The Saskatchewan government reduced all Education Property Tax mill rates in Budget 2025.

This cut will save property taxpayers about $100 million per year

Federal Taxes: The federal government’s income tax cut will save the average taxpayer $190 in 2026, according to the Parliamentary Budget Officer. The federal government is also increasing payroll taxes, the industrial carbon tax and alcohol taxes in 2026.

“The federal government is hiking taxes and taking more money out of Saskatchewan taxpayers’ pockets in 2026,” said Haubrich. “Instead of hiking taxes, the feds need to take a page out of the Saskatchewan government’s playbook and commit to serious tax relief.”

You can read the CTF’s New Year’s Tax Changes report here.