Saskatchewan 2022 and 2021 Personal Marginal Income Tax Rates

The Federal and Saskatchewan tax brackets and personal tax credit amounts are increased for 2022 by an indexation factor of 1.024 (a 2.4% increase).

Saskatchewan's 2020 Budget reinstated indexation starting in 2021, using the federal indexation factor.

Saskatchewan's Bill 89, The Income Tax (Affordability) Amendment Act, 2022, which was tabled on November 2, 2022, delays 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.

The indexation factors, tax brackets and tax rates 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.

TaxTips.ca - Saskatchewan Personal Income Tax Brackets and Tax Rates
2022 Taxable Income	2022 Tax Rates	2021 Taxable Income	2021 Tax Rates
first $46,773	10.50%	first $45,677	10.50%
over $46,773 up to $133,638	12.50%	over $45,677 up to $130,506	12.50%
over $133,638	14.50%	over $130,506	14.50%

TaxTips.ca - Combined Federal & Saskatchewan Tax Brackets and Tax Rates
2022 Taxable Income	SK 2022 Marginal Tax Rates				2021 Taxable Income	SK 2021 Marginal Tax Rates
	Other Income	Capital Gains	Canadian Dividends			Other Income	Capital Gains	Canadian Dividends
	Other Income	Capital Gains	Eligible	Non-Eligible		Other Income	Capital Gains	Eligible	Non-Eligible
first $46,773	25.50%	12.75%	-0.72%	16.99%	first $45,677	25.50%	12.75%	-0.72%	16.99%
over $46,773 up to $50,197	27.50%	13.75%	2.04%	19.29%	over $45,677 up to $49,020	27.50%	13.75%	2.04%	19.29%
over $50,197 up to $100,392	33.00%	16.50%	9.63%	25.62%	over $49,020 up to $98,040	33.00%	16.50%	9.63%	25.62%
over $100,392 up to $133,638	38.50%	19.25%	17.22%	31.94%	over $98,040 up to $130,506	38.50%	19.25%	17.22%	31.94%
over $133,638 up to $155,625	40.50%	20.25%	19.98%	34.24%	over $130,506 up to $151,978	40.50%	20.25%	19.98%	34.24%
over $155,625 up to $221,708	43.88%	21.94%	24.64%	38.13%	over $151,978 up to $216,511	43.82%	21.91%	24.56%	38.06%
over $221,708	47.50%	23.75%	29.64%	42.29%	over $216,511	47.50%	23.75%	29.64%	42.29%
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.
Saskatchewan Basic Personal Amount
2022 Personal Amount	2022 Tax Rate				2021 Personal Amount	2021 Tax Rate
$16,615	10.50%				$16,225	10.50%
Federal Basic Personal Amount
2022 Personal Amount (1)	2022 Tax Rate				2021 Personal Amount (1)	2021 Tax Rate
$14,398	15%				$13,808	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.

Revised: September 20, 2024