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Saskatchewan 2007 Budget

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 -> 2007 Budget

Saskatchewan 2007 Budget

    - no changes to personal income tax brackets or rates

    - new Graduate Tax Exemption (see below) of $10,000 per year for 5 years will replace the existing Post-Secondary Graduate Tax Credit, effective for the 2007 tax year.

    - Federal income tax measures affecting taxable income that automatically affect provincial taxable income in all provinces and territories except Quebec:

          - effective January 1, 2007, eligible pension income can be split between spouses.  See the article on pension splitting.

          - lifetime capital gains deduction increased from $500,000 to $750,000.

See Saskatchewan 2007-08 Budget and Performance Plan Summary on the SK website.

Revised: July 12, 2019

 

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