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Saskatchewan Personal Tax Rates

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

Saskatchewan 2015 and 2016 Personal Marginal Income Tax Rates

The Federal tax rates for 2016 are as per Bill C-2 tabled in December 2015.  The Saskatchewan and Federal tax brackets and personal amounts were increased for 2016 by an indexation factor of 1.013.  Saskatchewan uses the Federal indexation factor.  The indexation factors, tax brackets and tax rates have been confirmed to Canada Revenue Agency information.

The Saskatchewan 2016 Budget indicated that legislation will be revised so that the 2016 dividend tax credit rate for non-eligible dividends remains at 3.4% of the taxable dividend.  This is reflected in the rates below.

Please read the article Understanding the Tables of Personal Income Tax Rates.

Saskatchewan Personal Income Tax Brackets and Tax Rates

2016 Taxable Income 2016 Tax Rates 2015 Taxable Income 2015 Tax Rates
first $44,601 11% first $44,028 11%
over $44,601 up to $127,430 13% over $44,028 up to $125,795 13%
over $127,430 15% over $125,795 15%

Combined Federal & Saskatchewan Tax Brackets and Tax Rates

2016 Taxable Income 2016 Marginal Tax Rates 2015 Taxable Income 2015 Marginal Tax Rates
Other
Income
Capital
Gains
Canadian Dividends Other
Income
Capital
Gains
Canadian Dividends
Eligible Non-Eligible Eligible Non-Eligible
first $44,601 26.0% 13.00% -0.03% 14.17% first $44,028 26% 13.0% -0.03% 13.67%
over $44,601 up to $45,282 28.0% 14.00% 2.73% 16.51% over $44,028 up to $44,701 28% 14.0% 2.73% 16.03%
over $45,282 up to $90,563 33.5% 16.75% 10.32% 22.95% over $44,701 up to $89,401 35% 17.5% 12.39% 24.29%
over $90,563 up to $127,430 39.0% 19.50% 17.91% 29.38% over $89,401 up to $125,795 39% 19.5% 17.91% 29.01%
over $127,430 up to $140,388 41.0% 20.50% 20.67% 31.72% over $125,795 up to $138,586 41% 20.5% 20.67% 31.37%
over $140,388 up to $200,000 44.0% 22.00% 24.81% 35.23% over $138,586 44% 22.0% 24.81% 34.91%
over $200,000 48.0% 24.00% 30.33% 39.91%  

Marginal tax rate for dividends is a % of actual dividends received (not grossed-up amount).
Non-eligible dividend tax credit rate revised slightly August 18, 2016 to reflect revised rate as per Bill 22.
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 17% in 2016, 18% in 2015.
For more information see Saskatchewan dividend tax credits.

Saskatchewan  Basic Personal Amount

2016 Personal Amount 2016 Tax Rate 2015 Personal Amount 2015 Tax Rate
$15,843 11% $15,639 11%

Federal Basic Personal Amount

2016 Personal Amount 2016 Tax Rate 2015 Personal Amount 2015 Tax Rate
$11,474 15% $11,327 15%

 

 

Revised: August 18, 2016

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