Saskatchewan
Tax Rates -> 2017
& 2018 Marginal Tax Rates -> Saskatchewan 2017 and 2018 Personal Income Tax Rates
Saskatchewan 2017 and 2018 Personal Marginal Income Tax Rates
The Federal tax brackets and personal amounts are increased for 2018 by an indexation factor of 1.015. Saskatchewan amounts are no longer indexed. The indexation factors, tax brackets and tax rates have been confirmed to Canada Revenue Agency information.
The Saskatchewan 2017 Budget announced that the personal income tax rates would be reduced by 1/2% effective July 1, 2017, and by 1/2% effective July 1, 2019. This means that the effective rates for both 2017 and 2018 are reduced by 1/4%, as per the table below. Also, the indexation of the personal income tax system is suspended starting with the 2018 taxation year.
The Saskatchewan 2018 Budget revised the non-eligible dividend tax credit rate to 3.333% of the taxable dividend. This is reflected in the marginal tax rates below, but was not updated until May 24, 2018.
The marginal tax rates for eligible Canadian dividends are revised as per Bill 69, Income Tax Amendment Act, 2017 (pdf), tabled on April 13, 2017. In conjunction with the reduction of 1/4% per year in the personal tax rate, the dividend tax credit rate for eligible dividends, as a % of the taxable dividend, is also being reduced by 1/4% per year until 2020.
Please read the article Understanding the Tables of Personal Income Tax Rates.
Saskatchewan Personal Income Tax Brackets and Tax Rates |
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| 2018 Taxable Income | 2018 Tax Rates | 2017 Taxable Income | 2017 Tax Rates | ||||||
| first $45,225 | 10.50% | first $45,225 | 10.75% | ||||||
| over $45,225 up to $129,214 | 12.50% | over $45,225 up to $129,214 | 12.75% | ||||||
| over $129,214 | 14.50% | over $129,214 | 14.75% | ||||||
Combined Federal & Saskatchewan Tax Brackets and Tax Rates |
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| 2018 Taxable Income | 2018 Marginal Tax Rates | 2017 Taxable Income | 2017 Marginal Tax Rates | ||||||
| Other Income |
Capital Gains |
Canadian Dividends | Other Income |
Capital Gains |
Canadian Dividends | ||||
| Eligible | Non-Eligible | Eligible | Non-Eligible | ||||||
| first $45,225 | 25.50% | 12.75% | -0.72% | 14.08% | first $45,225 | 25.75% | 12.88% | -0.03% | 13.88% |
| over $45,225 up to $46,605 | 27.50% | 13.75% | 2.04% | 16.40% | over $45,225 up to $45,916 | 27.75% | 13.88% | 2.73% | 16.22% |
| over $46,605 up to $93,208 | 33.00% | 16.50% | 9.63% | 22.78% | over $45,916 up to $91,831 | 33.25% | 16.63% | 10.32% | 22.65% |
| over $93,208 up to $129,214 | 38.50% | 19.25% | 17.22% | 29.16% | over $91,831 up to $129,214 | 38.75% | 19.38% | 17.91% | 29.09% |
| over $129,214 up to $144,489 | 40.50% | 20.25% | 19.98% | 31.48% | over $129,214 up to $142,353 | 40.75% | 20.38% | 20.67% | 31.43% |
| over $144,489 up to $205,842 | 43.50% | 21.75% | 24.12% | 34.96% | over $142,353 up to $202,800 | 43.75% | 21.88% | 24.81% | 34.94% |
| over $205,842 | 47.50% | 23.75% | 29.64% | 39.60% | over $202,800 | 47.75% | 23.88% | 30.33% | 39.62% |
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Marginal tax rate for dividends is a % of actual
dividends received (not grossed-up taxable amount). |
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Saskatchewan Basic Personal Amount |
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| 2018 Personal Amount | 2018 Tax Rate | 2017 Personal Amount | 2017 Tax Rate | ||||||
| $16,065 | 10.50% | $16,065 | 10.75% | ||||||
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Federal Basic Personal Amount |
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| 2018 Personal Amount | 2018 Tax Rate | 2017 Personal Amount | 2017 Tax Rate | ||||||
| $11,809 | 15% | $11,635 | 15% | ||||||
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Revised: October 26, 2023