Under the current tax on income method, tax for all provinces (except Québec) and territories is calculated the same way as federal tax. Form 428 is used to calculate this provincial or territorial tax. Non-refundable tax credits that are specific to a province are also calculated on Form 428.
As of 2018, the income tax brackets for Saskatchewan are as follows:
- 11% on the first $44,601 of taxable income, +
- 13% on the next $82,829, +
- 15% on the amount over $127,430.
Your taxable income represents your total income minus federal deductions like the RRSP deduction and child care expenses. Like its name implies, it is the amount on which you pay income tax.
What are some of the tax credits, deductions and rebates specific to Saskatchewan?
Active Families Benefit
It helps families with the costs of their children’s participation in cultural, recreational and sports activities.
Saskatchewan Employment Supplement
This payment helps low-income families; it depends on the number of children, their age and the household income.
Graduate Retention Program
This program provides a rebate of up to $20,000 on tuition fees for graduates to live in Saskatchewan and file a return in that province. Unused credits can be deducted as part of the Graduate Tuition Refund.
Saskatchewan low-income tax credit
This refundable credit is designed to reduce the taxes of low-income residents.
For more information about SK tax credits, please visit the Government of Saskatchewan website.
Some Saskatchewan tax forms:
- Form 5008-D: Provincial Worksheet: The Saskatchewan Provincial Worksheet is used to calculate specific deduction amounts that will be entered on form SK428 and SK479.
- SK428– Saskatchewan Tax and Credits
- SK479– Saskatchewan Credits
- graduate retention program tuition rebate
- active families benefit
- SK(S2) – Provincial Amounts Transferred From Your Spouse or Common-Law Partner
- SK(S11) – Provincial Tuition and Education Amounts
- RC360 – Saskatchewan Graduate Retention Program
- T1237 – Saskatchewan Farm and Small Business Capital Gain Tax Credit
- The new First-Time Home Buyers Tax Credit is a non-refundable credit of up to $1,100 for eligible tax payers who bought qualifying homes after December 31, 2011.
- New rules for the Saskatchewan Active Families Benefit; it can now be claimed for children 18 years or younger on the last day of the year, as opposed to children 6-14 years of age.
SaskEnergy’s EnerGuide for houses offer pre-retrofit evaluations (part of the cost is reimbursed by the province) in order to qualify for a grant for furnace replacement. The province offers the PST exemption for qualifying Energy Star household appliances, and the Energy-Efficient Exemption on New Energy Star Qualified Furnaces, Boilers and Heat Pumps. The Saskatchewan Home Energy Improvement Program for Low-income Households is managed by Environment Canada.
Provincial tax brackets