Saskatchewan Income Tax Calculator 2020 & 2021.

Income Tax Calculator

Estimate your 2020 & 2021 total income taxes with only a few details about your income

Tax Year
Your employment status
Employee
Employment Income Employment income and taxable benefits.
Other Income All other incomes such as rental income, interest, EI, and CPP.
Capital Gains Capital gains are the growth in value of investments.
Eligible DividendsAn qualified dividend is a taxable dividend paid by a Canadian public company, earned by a resident Canadian citizen.
Ineligible DividendsAn qualified dividend is a taxable dividend paid by a Canadian private company, earned by a resident Canadian citizen.

Results

Total Income
$ 50,000
Total Tax
$ 12,486.15
Income Tax
$ 9,254.9
EI Premiums
$ 790
CPP Contribution
$ 2,441.25
After-Tax Income
$ 37,513.85
Average Tax Rate
18.51%
Marginal Tax Rate
33%
Canada Federal and Saskatchewan tax brackets 2020
Your taxable income places you in the following tax brackets.
Federal tax bracketFederal tax rates
Less than $13,229 0%
$13,230 to $48,53515%
$48,536 to $97,06920.5%
$97,070 to $150,47326%
$150,474 to $214,36829%
More than $214,369 33%
Saskatchewan tax bracketSaskatchewan tax rates
Less than $16,065 0%
$16,066 to $45,22510.5%
$45,226 to $129,21412.5%
More than $129,215 14.5%

Saskatchewan Income Tax Brackets

Indexing tax brackets have been reintroduced for 2021. Tax bracket income thresholds in Saskatchewan will be increasing by 1% in 2021. This will save taxpayers an estimated $15 million.

Saskatchewan Provincial Income Tax Changes 2021

20202021Rate
Less than $16,065Less than $16,2250%
$16,066 to $45,225$16,226 to $45,67710.50%
$45,226 to $129,214$45,678 to $130,50612.50%
More than $129,214More than $130,50614.50%

Saskatchewan Personal Amounts 2021

20202021
$16,065$16,225

Active Families Benefit

The Active Families Benefit is expected to be reintroduced in 2021, and will provide a non-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. The benefit is estimated to be applicable to 20,500 families, costing $5.7 million per year.

Home Renovation Tax Credit

The Home Renovation Tax Credit was also reintroduced in 2021, and will provide 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, adding solar panels.

While the maximum you can claim is $20,000, you cannot claim more than $11,000 for 2021. Instead, you will claim the maximum claim amount of $9,000 in 2022.

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