Saskatchewan -> Tax Rates -> 2018 & 2019 Marginal Tax Rates -> Saskatchewan Personal Income Tax Rates
Saskatchewan 2019 and 2018 Personal Marginal Income Tax Rates
The Federal tax brackets and personal amounts are increased for 2019 by an indexation factor of 1.022. 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 indexation of the personal income tax system would be suspended starting with the 2018 taxation year, and that personal income tax rates would be reduced by 1/2% effective July 1, 2017, and by 1/2% effective July 1, 2019. However, the 2018 Budget "paused" the tax reductions, so the rate is not being reduced in 2019.
The Saskatchewan 2018 Budget revised the 2018 non-eligible dividend tax credit rate to 3.333% of the taxable dividend. It set the rate at 3.362% for 2019 and later years.
The marginal tax rates for eligible Canadian dividends were 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, was to be reduced by 1/4% per year until 2020. However, this was revised with their November 6, 2017 Bill 84, which received Royal Assent on November 7, 2017. It revised the 2018 rate from 38.132% of the gross-up (10.5% of the taxable dividend) to 39.95%, or 11% of the taxable dividend, for 2018 and subsequent taxation years.
Please read the article Understanding the Tables of Personal Income Tax Rates.
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Revised: October 24, 2021
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