Ads keep this website free for you.
TaxTips.ca does not research or endorse any product or service appearing in ads on this site.  Before making a major financial decision you  should consult a qualified professional.

Saskatchewan Personal Tax Rates TaxTips.ca
Canadian Tax and
Financial Information
TaxTips.ca Home

What's New

Links & Resources

Site Map

Need an accounting, tax or financial advisor? Look in our Directory.  Use above search box to easily find your topic!   Stay Connected with TaxTips.ca!

 

Home  ->  Saskatchewan

Tax Rates   ->   Current Marginal Tax Rates -> Saskatchewan Personal Income Tax Rates

Saskatchewan 2024 and 2023 Tax Rates & Tax Brackets

The Federal and Saskatchewan tax brackets and personal tax credit amounts are increased for 2024 by an indexation factor of 1.047 (4.7% increase).

Saskatchewan uses the federal indexation factor.

See Indexation of the Personal Income Tax System for how the indexation factors are calculated.

Saskatchewan's Bill 89, The Income Tax (Affordability) Amendment Act, 2022, which was tabled on November 2, 2022, delayed the increase of the non-eligible dividend tax credit by 1 year, in concert with the delay in increase of the small business corporate income tax rate, also by 1 year. The non-eligible dividend tax credit is increased in each of 2023, 2024 and 2025.

The indexation factors, tax brackets and tax rates for 2024 have been confirmed to Canada Revenue Agency information.

Tax Tip: read the article Understanding the Tables of Personal Income Tax Rates, especially if you are trying to compare the rates below to the marginal tax rates in the Basic Tax Calculator or the Detailed Tax Calculators.

TaxTips.ca - Saskatchewan Tax Rates
2024 Taxable Income 2024 Tax Rates 2023 Taxable Income 2023 Tax Rates
first $52,057 10.50% first $49,720 10.50%
over $52,057 up to $148,734 12.50% over $49,720 up to $142,058 12.50%
over $148,734 14.50% over $142,058 14.50%

 

TaxTips.ca - Combined Federal & Saskatchewan Tax Brackets and Tax Rates
2024 Taxable Income (1) SK 2024 Marginal Tax Rates 2023 Taxable Income (1) SK 2023 Marginal Tax Rates
Other
Income
Capital
Gains
Canadian Dividends Other
Income
Capital
Gains
Canadian Dividends
Eligible Non-Eligible Eligible Non-Eligible
first $52,057 25.50% 12.75% -0.72% 15.56% first $49,720 25.50% 12.75% -0.72% 16.52%
over $52,057 up to $55,867 27.50% 13.75% 2.04% 17.86% over $49,720 up to $53,359 27.50% 13.75% 2.04% 18.82%
over $55,867 up to $111,733 33.00% 16.50% 9.63% 24.19% over $53,359 up to $106,717 33.00% 16.50% 9.63% 25.14%
over $111,733 up to $148,734 38.50% 19.25% 17.22% 30.51% over $106,717 up to $142,058 38.50% 19.25% 17.22% 31.47%
over $148,734 up to $173,205 40.50% 20.25% 19.98% 32.81% over $142,058 up to $165,430 40.50% 20.25% 19.98% 33.77%
over $173,205 up to $246,752 43.82% 21.91% 24.56% 36.63% over $165,430 up to $235,675 43.82% 21.91% 24.56% 37.59%
over $246,752 47.50% 23.75% 29.64% 40.86% over $235,675 47.50% 23.75% 29.64% 41.82%
Marginal tax rate for dividends is a % of actual dividends received (not grossed-up taxable amount).
Marginal tax rate for capital gains is a % of total capital gains (not taxable capital gains).
Gross-up rate for eligible dividends is 38%, and for non-eligible dividends is 15%.
For more information see Saskatchewan dividend tax credits.
Copyright © 2002 Boat Harbour Investments Ltd.

 

TaxTips.ca
Saskatchewan Basic Personal Amount
2024 Personal Amount 2024 Tax Rate 2023 Personal Amount 2023 Tax Rate
$18,491 10.5% $17,661 10.5%

 

Federal Basic Personal Amount
2024 Personal Amount (1)
Minimum / Maximum
2024 Tax Rate 2023 Personal Amount (1)
Minimum / Maximum
2023 Tax Rate
$14,156 $15,705 15% $13,520 $15,000 15%

(1) See the federal tax rates page for information on the enhanced federal personal amount, which increases the marginal tax rates for taxable incomes in the second highest federal tax bracket.  The marginal tax rates in blue above have been adjusted to reflect these changes.

Copyright © 2002 Boat Harbour Investments Ltd.

Revised: January 23, 2024

 

Copyright © 2002 Boat Harbour Investments Ltd. All Rights Reserved.  See Reproduction of information from TaxTips.ca

Facebook  | Twitter  |  See What’s New, stay connected with TaxTips.ca by RSS or Email
The information on this site is not intended to be a substitute for professional advice.  Each person's situation differs, and a professional advisor can assist you in using the information on this web site to your best advantage. 
Please see our legal disclaimer regarding the use of information on our site, and our Privacy Policy regarding information that may be collected from visitors to our site.