Saskatchewan Income Tax Brackets
Indexing tax brackets was reintroduced in Saskatchewan in 2021. This means that every year, the income threshold for Saskatchewan’s tax brackets is adjusted based on the changes in the CPI (Consumer Price Index). For 2024, the tax brackets and credit amounts are indexed at 4.7%.
Saskatchewan Provincial Income Tax Changes 2024
| 2023 | 2024 | Rate |
|---|---|---|
| Less than $17,661 | Less than $18,491 | 0% |
| Over $17,661 to $49,720 | Over $18,491 to $52,057 | 10.50% |
| Over $49,720 to $142,058 | Over $52,057 to $148,734 | 12.50% |
| More than $142,058 | More than $148,734 | 14.50% |
Saskatchewan Personal Amounts 2024
| 2023 | 2024 | |
|---|---|---|
| Basic Personal Amount | $17,661 | $18,491 |
| Spousal / Equivalent Amount | $17,661 (Income Threshold: $19,428) | $18,491 (Income Threshold: $20,340) |
| Dependent Child Amount | $6,700 | $7,015 |
Active Families Benefit
The Active Families Benefit was legislated in 2021 and provides a refundable tax credit of $150 per year per child or $200 for a child with a disability.
To be eligible for the Active Families Benefit, your income must be under $60,000.
Home Renovation Tax Credit
The Home Renovation Tax Credit was also reintroduced in 2021. It provides a 10.5% tax credit for up to $20,000 in eligible home renovation expenses, including labour, building materials, rentals, and permits. This can include painting your house, renovating your kitchen or bathroom, and adding solar panels.
The maximum you can claim is $20,000, which means homeowners can save up to $2,100 in provincial income tax based on the tax rate of 10.5%.
Other Tax Credits in Saskatchewan
Like many other provinces, you can claim several tax credits on your provincial income tax based on your financial situation, your family, your age, and other such factors. Some of the credits you can claim include:
- Saskatchewan Affordability Tax Credit (SATC)
- Saskatchewan Low-Income Tax Credit
- Age Amount
- Senior Supplement
- Disability Amount and Disability Supplement
- Medical Expense Tax Credit
To learn more about the different income tax benefits available in Saskatchewan, you can visit the Saskatchewan government’s tax credits page and personal income tax page.