6% PST on Insurance Premiums not affecting Global Ag Risk Solutions for 2017
With the March 22nd release of the 2017-18 Saskatchewan budget, many changes affecting farmers were announced. As part of this budget, effective July 1, 2017 the PST of 6% will apply to all insurance premiums, including the farmer paid portion of Saskatchewan Crop Insurance Corporation premiums and hail insurance. Going forward this will only effect Saskatchewan Farmers.
Due to the fact that Global Ag Risk Solution premiums are invoiced and due in the spring, the PST will not apply to 2017 premiums. As such, there will be no effect on the costs farmers pay Global Ag Risk Solutions for this season.