Saskatchewan 2023 and 2022 Tax Rates & Tax Brackets

The Federal and Saskatchewan tax brackets and personal tax credit amounts are increased for 2023 by an indexation factor of 1.063 (6.3% 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, 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, also by 1 year.

The indexation factors, tax brackets and tax rates for 2023 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
2023 Taxable Income	2023 Tax Rates	2022 Taxable Income	2022 Tax Rates
first $49,720	10.50%	first $46,773	10.50%
over $49,720 up to $142,058	12.50%	over $46,773 up to $133,638	12.50%
over $142,058	14.50%	over $133,638	14.50%

TaxTips.ca - Combined Federal & Saskatchewan Tax Brackets and Tax Rates
2023 Taxable Income (1)	SK 2023 Marginal Tax Rates				2022 Taxable Income (1)	SK 2022 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 $49,720	25.50%	12.75%	-0.72%	16.52%	first $46,773	25.50%	12.75%	-0.72%	16.99%
over $49,720 up to $53,359	27.50%	13.75%	2.04%	18.82%	over $46,773 up to $50,197	27.50%	13.75%	2.04%	19.29%
over $53,359 up to $106,717	33.00%	16.50%	9.63%	25.14%	over $50,197 up to $100,392	33.00%	16.50%	9.63%	25.62%
over $106,717 up to $142,058	38.50%	19.25%	17.22%	31.47%	over $100,392 up to $133,638	38.50%	19.25%	17.22%	31.94%
over $142,058 up to $165,430	40.50%	20.25%	19.98%	33.77%	over $133,638 up to $155,625	40.50%	20.25%	19.98%	34.24%
over $165,430 up to $235,675	43.82%	21.91%	24.56%	37.59%	over $155,625 up to $221,708	43.88%	21.94%	24.64%	38.13%
over $235,675	47.50%	23.75%	29.64%	41.82%	over $221,708	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. Copyright © 2002 Boat Harbour Investments Ltd.
TaxTips.ca Saskatchewan Basic Personal Amount
2023 Personal Amount	2023 Tax Rate				2022 Personal Amount	2022 Tax Rate
$17,661	10.50%				$16,615	10.50%
Federal Basic Personal Amount
2023 Personal Amount (1)	2023 Tax Rate				2022 Personal Amount (1)	2022 Tax Rate
$15,000	15%				$14,398	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