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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 Documents and Backgrounders on the SK website.

Revised: October 26, 2023

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