Personal Income Tax

The Canada Revenue Agency (CRA) administers the Saskatchewan personal income tax system on behalf of Saskatchewan in conjunction with the federal income tax system. To calculate Saskatchewan's personal income tax, apply provincial tax rates directly to taxable income and then deduct provincial tax credits.

Tax credits

Provincial tax credits generally parallel federal credits. However, the provincial tax system includes a dependent child amount as well as a supplement to the age amount. These credits are in addition to:

• The provincial basic personal credit;
• Spousal credit amounts;
• Provincial tax credits for:
  • seniors;
  • the disabled; and
  • caregivers;
• Canada Pension Plan contributions;
• Employment Insurance contributions;
• Pension income;
• Student loan interest;
• Medical expenses; and
• Charitable donations.

2025 Tax Year Changes to Personal Income Tax

• Income tax brackets and tax credit amounts are indexed for the 2025 taxation year at an indexation level of 2.7 per cent, matching the national rate of inflation.
• The Saskatchewan Affordability Act announced significant increases to Saskatchewan tax credit amounts and refundable benefits for the 2025 and subsequent taxation years including:
  • $500 annual increases to the Basic Personal Tax Credit Amount. Spousal Credit Amount, Dependent Child Amount and the Senior Supplementary Amount for each of the 2025, 2026, 2027 and 2028 taxation years, in addition to the increases resulting from the indexation of these tax credit amounts.
• The Saskatchewan Affordability Act also announced that each of the Disability Tax Credit Amount, the Disability Tax Credit Supplement for persons under 18, the Caregiver Tax Credit Amount and the Infirm Dependent Tax Credit Amount are each being increased by 25 per cent for the 2025 taxation year, in addition to the indexation increases to these tax credit amounts.
• The refundable Active Families Benefit has also been enhanced for the 2025 and subsequent taxation years by doubling the benefit amounts to $300 per child (or $400 per child with a disability) as well as doubling the adjusted family income eligibility amount from $60,000 to $120,000.
• The Saskatchewan Low-Income Tax Credit (SLITC) refundable benefit is also being increased by 5 per cent per year, for the next four years (2025, 2026, 2027 and 2028) in addition to the indexation of the benefit amounts.
• The Saskatchewan Graduate Retention Program (GRP) is being increased by 20 per cent for the 2025 and subsequent taxation years.
• The Saskatchewan First-Time Homebuyers’ Tax Credit is increased by 50 per cent for the 2025 and subsequent taxation years.
• The Saskatchewan Home Renovation Tax Credit has been re-introduced and available for eligible Saskatchewan taxpayers to claim on their 2025 and subsequent taxation year income tax returns. With this non-refundable tax credit, Saskatchewan homeowners may save up to $420 in provincial income tax in the 2025 and subsequent taxation years by claiming a 10.5 per cent tax credit on up to $4,000 of eligible home renovation expenses incurred on or after October 1, 2024. Eligible seniors may save up to $525 in provincial income tax.

2024 Tax Year Changes to Personal Income Tax

• Income tax brackets and tax credit amounts are indexed for the 2024 taxation year at an indexation level of 4.7 per cent, matching the national rate of inflation.

2023 Tax Year Changes to Personal Income Tax

• Income tax brackets and tax credit amounts are indexed for the 2023 taxation year at an indexation level of 6.3 per cent, matching the national rate of inflation.

2022 Tax Year Changes to Personal Income Tax

• Income tax brackets and tax credit amounts are indexed for the 2022 taxation year at an indexation level of 2.4 per cent, matching the national rate of inflation.

2021 Tax Year Changes to Personal Income Tax

• Indexation of the Personal Income Tax system has been resumed with the 2021 taxation year. The level of indexation in 2021 is 1.0 per cent, matching the national rate of inflation.
• The Active Families Benefit has been re-started for the 2021 taxation year, providing a refundable tax credit of $150 per year per child to eligible families. Families of children with a disability will receive an additional $50, for a total tax credit of $200 per year per child. The Active Families Benefit is an income-tested tax credit available to eligible families with an income of $60,000 or less.
• Saskatchewan recently announced the Saskatchewan Home Renovation Tax Credit. Under this non-refundable tax credit, Saskatchewan homeowners may save up to $1,155 in provincial income tax in 2021 by claiming a 10.5 per cent tax credit on up to $11,000 of eligible home renovation expenses incurred between October 1, 2020 and December 31, 2021.  A further $945 in savings may be claimed in 2022 in respect of eligible expenses incurred between January 1, 2022 and December 31, 2022. 

Budget 2019-20 Changes to Personal Income Tax

• The 2019-20 Budget announced the creation of new non-refundable tax credits for Volunteer Firefighters, Search and Rescue Volunteers, and Volunteer Emergency Medical First Responders, beginning with the 2020 taxation year.

Budget 2018-19 Changes to Personal Income Tax

• The 2018-19 Budget announced a temporary freeze to the tax rate reduction plan. Tax rates have now been reduced by a half-point and will remain at these levels for the time being.

Note: The 2017 rates reflect the impact of the half point reduction midway through the 2017 taxation year.

Budget 2017-18 Changes to Personal Income Tax

• Personal Income Tax rates were reduced by a half point effective July 1, 2017 to foster greater productivity and investment within the provincial economy.
• Credits for post-secondary tuition fees and education amounts are eliminated effective July 1, 2017.
• The Employee's Tools Tax Credit is eliminated for the 2017 taxation year.
• The Labour-sponsored Venture Capital Tax Credit rate will be reduced from 20% to 17.5% for the 2018 taxation year.
• Indexation of the Personal Income Tax system is suspended starting with the 2018 taxation year.