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Financial Information 		  Saskatchewan 2007 Budget  

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Saskatchewan -> 2007 Budget

Saskatchewan 2007 Budget

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no changes to personal income tax brackets or rates

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new Graduate Tax Exemption (see below) of $10,000 per year for 5 years will replace the existing Post-Secondary Graduate Tax Credit, effective for the 2007 tax year.

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Federal income tax measures affecting taxable income that automatically affect provincial taxable income in all provinces and territories except Québec:
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effective January 1, 2007, eligible pension income can be split between spouses.  See the article on pension splitting.

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lifetime capital gains deduction increased from $500,000 to $750,000.

 

Revised: July 19, 2010

 

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