Saskatchewan Income Tax Brackets
Saskatchewan's income tax system operates on a progressive bracket structure similar to the federal system, with residents paying both provincial and federal income taxes. In 2024, Saskatchewan had three tax brackets: 10.5% on the first $49,720 of taxable income, 12.5% on income between $49,720 and $142,058, and 14.5% on income exceeding $142,058. These rates are applied in addition to federal taxes, with the combined amounts withheld from paychecks or remitted during tax filing season.
The province offers various tax credits and deductions to reduce the overall tax burden, including the basic personal amount, which shields the first portion of income from taxation. Additional credits exist for dependents, seniors, students, and individuals with disabilities, while Saskatchewan-specific measures include the Graduate Retention Program (offering up to $24,000 in tuition rebates for graduates who stay in the province) and various business incentives designed to stimulate economic growth.
Unlike some provinces, Saskatchewan does not levy a provincial sales tax (PST) on all the same items as the federal GST, creating a somewhat hybrid consumption tax system. The province maintains control over its natural resource revenues, which significantly influences budget decisions and sometimes allows for tax reductions when resource prices are high. Saskatchewan's overall tax regime is generally considered moderate compared to other provinces, with a focus on maintaining competitiveness while funding provincial services.
Saskatchewan Provincial Income Tax Brackets
| 2023 | 2024 | 2025 | Rate |
|---|---|---|---|
| Less than $17,661 | Less than $18,491 | Less than $19,491 | 0% |
| Over $17,661 to $49,720 | Over $18,491 to $52,057 | Over $19,491 to $53,463 | 10.50% |
| Over $49,720 to $142,058 | Over $52,057 to $148,734 | Over $53,463 to $152,750 | 12.50% |
| More than $142,058 | More than $148,734 | More than $152,750 | 14.50% |
Saskatchewan Personal Amounts
| 2023 | 2024 | 2025 | |
|---|---|---|---|
| Basic Personal Amount | $17,661 | $18,491 | $19,491 |
| Spousal / Equivalent Amount | $17,661 (Income Threshold: $19,428) | $18,491 (Income Threshold: $20,340) | $19,491 (Income Threshold: $21,440) |
| Dependent Child Amount | $6,700 | $7,015 | $7,704 |
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.