You probably know Saskatchewan is well known for its wheat exports. But did you know it’s also where the first ATM machines were made and used in Canada?
Saskatchewan has a tax system similar to other Canadian provinces. Many of the provincial taxes and credits for residents of Saskatchewan compliment similar credits at the federal level, but there are many unique credits for residents of Saskatchewan.
Progressive Tax Rate Structure
As with most provinces, Saskatchewan uses a progressive tax structure.
The tax brackets increase each year, based on inflation. Visit the Government of Saskatchewan’s Income Tax Rates page for this year’s tax bracket rates.
Saskatchewan’s Tax Brackets for Tax Year 2018
- 10.75%: first $45,225
- 12.75%: over $45,226 up to $83,989
- 14.75%: over $83,989
- Saskatchewan Low-Income Tax Credit: The amount of this fully refundable credit for lower income residents varied based on your income and family make-up. Learn more.
- Employees’ Tool Tax Credit: If you had expenses associated with buying, replacing or upgrading tools for work, this credit might be for you. Learn more.
References & Resources:
- Saskatchewan: Personal Income Tax
- Saskatchewan: Personal Tax Incentives and Credit
- Canada Revenue Agency: Saskatchewan
Provincial tax brackets
- Alberta Tax Brackets
- British Columbia Tax Brackets
- Manitoba Tax Brackets
- Newfoundland and Labrador Tax Brackets
- New Brunswick Tax Brackets
- Northwest Territories Tax Brackets
- Nova Scotia Tax Brackets
- Nunavut Tax Brackets
- Ontario Tax Brackets
- Prince Edward Island Tax Brackets
- Québec Tax Brackets
- Saskatchewan Tax Brackets
- Yukon Tax Brackets