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
| 2020 | 2021 | Rate |
|---|---|---|
| Less than $16,065 | Less than $16,225 | 0% |
| $16,066 to $45,225 | $16,226 to $45,677 | 10.50% |
| $45,226 to $129,214 | $45,678 to $130,506 | 12.50% |
| More than $129,214 | More than $130,506 | 14.50% |
Saskatchewan Personal Amounts 2021
| 2020 | 2021 |
|---|---|
| $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.