Saskatchewan announces 2025 affordability plans [Video]

The Saskatchewan government announced on Tuesday the recently passed Saskatchewan Affordability Act as part of its plans to provide residents with financial relief in 2025 amid a high cost of living.

“How can we save for a rainy day when it’s already pouring every day?” said Morgana Scully, a resident of Regina.

The Government said it is aiming to remain Canada’s most affordable place in 2025 and is taking action through the act and annual tax indexation. Indexation is the adjustment of provincial income tax brackets and credits to protect residents from rising costs.

The act reduced personal income tax by increasing rates for other exemptions — something BDO Debt Solutions says is needed with people struggling to make ends meet.

“More than 50 per cent of Saskatchewan residents are living paycheque to paycheque,” said Jasmin Brown, BDO Debt Solutions Canada partner. “You listen to reports from the credit reporting agencies, and credit usage, particularly credit cards, is on the rise. Delinquencies …