A new poll indicates the majority of Saskatchewan residents oppose PST on insurance premiums.
The poll, commissioned by the Canadian Taxpayers Federation, says 78 per cent of the 802 asked “do you oppose or support the decision to charge PST on all insurance premiums” sided with opposed.
Todd MacKay, CTF Prairie Director said the Premier of Saskatchewan needs to pull this off the table.
“Premier (Brad) Wall has always been very clear that he is going to recognize mistakes and correct them, 78 per-cent of people in Saskatchewan are giving him the feed back that he’s made a mistake here, he needs to do the right thing and fix it,” MacKay said.
MacKay added the new PST charge will cost Saskatchewan residents upwards of $200 million a year.
A government spokesperson released the following statement.
“We made some tough decisions that were necessary to balance the budget and reduce our dependency on volatile resource revenues.
We have made significant efforts to control and reduce spending, including cutting pay for MLAs, Ministers, and political staff. However, those efforts are not sufficient to fully address the revenue shortfall caused by falling resource prices.
It was necessary to raise and expand the provincial sales tax to ensure our finances are stable and we are in a position to provide the services expected by the people of Saskatchewan.
Those changes were accompanied by a reduction in the personal income tax rate that will save taxpayers $675.5 million over the next four years and a reduction in the corporate income tax rate to 11 per cent. We now have one of the lowest corporate taxes and the lowest manufacturing and processing taxes in the country, which will help attract investment and create jobs in Saskatchewan.
In addition, Saskatchewan does not have a health care premium like other provinces, we don’t have a payroll tax, we don’t have a property transfer tax, and we don’t have a carbon tax like other provinces do.
We are on track to balance our budget in three years.
Saskatchewan citizens will benefit from the difficult decisions made this year.”