Released on November 8, 2011
Premier Brad Wall today announced that his first campaign commitment will be fulfilled on November 15 when the Provincial Sales Tax (PST) exemption on children's clothing is expanded to include children 17 and under. It currently applies to clothing purchased for children 14 and under.
"We made this announcement to make life a little more affordable for Saskatchewan families and today we are keeping our promise," Wall said. "We wanted to bring this tax break into effect right away, in time for families' Christmas shopping."
The cost of the current tax exemption on children's clothing to age 14 is $7.3 million in the 2011-12 budget. Expanding it to include those 15 to 17 years of age is estimated to cost approximately $3 million a year and will cost about $1 million in the remainder of the current 2011-12 fiscal year.
Retailers are required to maintain a record of the declaration made at the point of sale verifying that the purchase of adult sized clothing is made for a person 17 and under.
More information about the exemption can be found at
http://finance.gov.sk.ca/revenue/pst/bulletins/PST-1%20Children's%20Clothing%20and%20Footwear.pdf.
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For more information, contact:
Randy Burton
Finance
Regina
Phone: 306-787-6578