Saskatchewan -> Tax Rates -> 2015 & 2016 Tax Rates -> Saskatchewan 2015 & 2016 Income Tax Rates
Saskatchewan 2015 and 2016 Personal Marginal Income Tax Rates
The Federal tax rates for 2016 are as per Bill C-2 tabled in December 2015. The Saskatchewan and Federal tax brackets and personal amounts were increased for 2016 by an indexation factor of 1.013. Saskatchewan uses the Federal indexation factor. The indexation factors, tax brackets and tax rates have been confirmed to Canada Revenue Agency information.
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. SK Finance has confirmed that this will not be rounded to 3.4% on tax forms. This is reflected in the rates below.
Please read the article Understanding the Tables of Personal Income Tax Rates.
Saskatchewan Personal Income Tax Brackets and Tax Rates |
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| 2016 Taxable Income | 2016 Tax Rates | 2015 Taxable Income | 2015 Tax Rates | ||||||
| first $44,601 | 11% | first $44,028 | 11% | ||||||
| over $44,601 up to $127,430 | 13% | over $44,028 up to $125,795 | 13% | ||||||
| over $127,430 | 15% | over $125,795 | 15% | ||||||
Combined Federal & Saskatchewan Tax Brackets and Tax Rates |
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| 2016 Taxable Income | 2016 Marginal Tax Rates | 2015 Taxable Income | 2015 Marginal Tax Rates | ||||||
| Other Income |
Capital Gains |
Canadian Dividends | Other Income |
Capital Gains |
Canadian Dividends | ||||
| Eligible | Non-Eligible | Eligible | Non-Eligible | ||||||
| first $44,601 | 26.0% | 13.00% | -0.03% | 14.17% | first $44,028 | 26% | 13.0% | -0.03% | 13.67% |
| over $44,601 up to $45,282 | 28.0% | 14.00% | 2.73% | 16.51% | over $44,028 up to $44,701 | 28% | 14.0% | 2.73% | 16.03% |
| over $45,282 up to $90,563 | 33.5% | 16.75% | 10.32% | 22.95% | over $44,701 up to $89,401 | 35% | 17.5% | 12.39% | 24.29% |
| over $90,563 up to $127,430 | 39.0% | 19.50% | 17.91% | 29.38% | over $89,401 up to $125,795 | 39% | 19.5% | 17.91% | 29.01% |
| over $127,430 up to $140,388 | 41.0% | 20.50% | 20.67% | 31.72% | over $125,795 up to $138,586 | 41% | 20.5% | 20.67% | 31.37% |
| over $140,388 up to $200,000 | 44.0% | 22.00% | 24.81% | 35.23% | over $138,586 | 44% | 22.0% | 24.81% | 34.91% |
| over $200,000 | 48.0% | 24.00% | 30.33% | 39.91% | |||||
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Marginal tax rate for dividends is a % of actual
dividends received (not grossed-up amount). |
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Saskatchewan Basic Personal Amount |
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| 2016 Personal Amount | 2016 Tax Rate | 2015 Personal Amount | 2015 Tax Rate | ||||||
| $15,843 | 11% | $15,639 | 11% | ||||||
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Federal Basic Personal Amount |
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| 2016 Personal Amount | 2016 Tax Rate | 2015 Personal Amount | 2015 Tax Rate | ||||||
| $11,474 | 15% | $11,327 | 15% | ||||||
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Revised: October 26, 2023