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Saskatchewan Personal Tax Rates

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Saskatchewan
Tax Rates   ->   Current Marginal Tax Rates -> Saskatchewan Personal Income Tax Rates

Saskatchewan 2017 and 2018 Personal Marginal Income Tax Rates

The Saskatchewan and Federal tax brackets and personal amounts are increased for 2018 by an indexation factor of 1.015.  Saskatchewan uses the Federal indexation factor.  The indexation factors, tax brackets and tax rates have been confirmed to Canada Revenue Agency information.

The Saskatchewan 2017 Budget announced that the personal income tax rates would be reduced by 1/2% effective July 1, 2017, and by 1/2% effective July 1, 2019.  This means that the effective rates for both 2017 and 2018 are reduced by 1/4%, as per the table below.  Also, the indexation of the personal income tax system is suspended starting with the 2018 taxation year.

The Saskatchewan 2016 Budget indicated that legislation will be revised so that the 2016 dividend tax credit rate for non-eligible dividends remains at 3.4% of the taxable dividend.  Bill 22, which received Royal Assent on June 30, 2016, revised the rate to 23.173% of the federal gross-up, resulting in a tax credit of 3.367% of the taxable dividend for 2017.  SK Finance has confirmed that this will not be rounded to 3.4% on tax forms.  This is reflected in the rates below.  The 2018 marginal tax rates for non-eligible dividends reflect the rates that are in effect automatically due to the change in the gross-up rate for 2018, as announced in the October 24, 2017 Fall Economic Statement.

The marginal tax rates for eligible Canadian dividends are 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, is also being reduced by 1/4% per year until 2020.

Please read the article Understanding the Tables of Personal Income Tax Rates.

Saskatchewan Personal Income Tax Brackets and Tax Rates

2018 Taxable Income 2018 Tax Rates 2017 Taxable Income 2017 Tax Rates
first $45,225 10.50% first $45,225 10.75%
over $45,225 up to $129,214 12.50% over $45,225 up to $129,214 12.75%
over $129,214 14.50% over $129,214 14.75%

Combined Federal & Saskatchewan Tax Brackets and Tax Rates

2018 Taxable Income 2018 Marginal Tax Rates 2017 Taxable Income 2017 Marginal Tax Rates
Other
Income
Capital
Gains
Canadian Dividends Other
Income
Capital
Gains
Canadian Dividends
Eligible Non-Eligible Eligible Non-Eligible
first $45,225 25.50% 12.75% -0.72% 14.24% first $45,225 25.75% 12.88% -0.03% 13.88%
over $45,225 up to $46,605 27.50% 13.75% 2.04% 16.56% over $45,225 up to $45,916 27.75% 13.88% 2.73% 16.22%
over $46,605 up to $93,208 33.00% 16.50% 9.63% 22.94% over $45,916 up to $91,831 33.25% 16.63% 10.32% 22.65%
over $93,208 up to $129,214 38.50% 19.25% 17.22% 29.32% over $91,831 up to $129,214 38.75% 19.38% 17.91% 29.09%
over $129,214 up to $144,489 40.50% 20.25% 19.98% 31.64% over $129,214 up to $142,353 40.75% 20.38% 20.67% 31.43%
over $144,489 up to $205,842 43.50% 21.75% 24.12% 35.12% over $142,353 up to $202,800 43.75% 21.88% 24.81% 34.94%
over $205,842 47.50% 23.75% 29.64% 39.76% over $202,800 47.75% 23.88% 30.33% 39.62%

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 17% in 2017, and 16% in 2018.
The 2018 enhanced dividend tax credit for eligible dividends was revised in November 2017 for the 2018 and subsequent taxation years.
For more information see Saskatchewan dividend tax credits.

Saskatchewan  Basic Personal Amount

2018 Personal Amount 2018 Tax Rate 2017 Personal Amount 2017 Tax Rate
$16,065 10.50% $16,065 10.75%

Federal Basic Personal Amount

2018 Personal Amount 2018 Tax Rate 2017 Personal Amount 2017 Tax Rate
$11,809 15% $11,635 15%
 

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Revised: January 01, 2018

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