Canadian Tax and
Financial Information
Saskatchewan Dividend Tax Credit

Ads keep this website free for you. does not research or endorse any product or service appearing in ads on this site.  Before making a major financial decision you  should consult a qualified professional.

Looking for US tax information?

Need an accounting, tax or financial advisor? Look in our Directory.      Stay Connected with!      Internet Explorer - Use compatibility view for calculators to work properly!

What's New
Personal Tax
Sales Taxes
Free in 30!
Financial Planning
Real Estate
Stocks Bonds etc.
British Columbia
Atlantic Provinces
Federal Budget
Provincial Budgets
Statistics etc.
Site Map
Advertise With Us
Contact Us/About Us
Links & Resources


Saskatchewan-> Dividend tax credit

Saskatchewan Dividend Tax Credits

SK Income Tax Act, 2000 s. 32
Bill 87, an Act to amend The Income Tax Act, 2000

Saskatchewan Enhanced Dividend Tax Credit for Eligible Dividends

Saskatchewan enhanced dividend tax credit credit rates for eligible dividends are defined as a percentage of the Federal gross-up amount.

Saskatchewan Enhanced Dividend Tax Credit

Year 2009 2010 2011 2012-2016 2017 2018 2019 2020+
Gross-up % 45% 44% 41% 38% 38% 38% 38% 38%
enhanced dividend tax credit as a % of
gross-up 35.44% 36.00% 37.83% 39.95% 39.039% 38.132% 37.224% 36.316%
taxable (grossed-up) dividends 11% 11% 11% 11% 10.75% 10.50% 10.25% 10.0%
actual dividends 15.95% 15.84% 15.51% 15.18% 14.83% 14.49% 14.15% 13.80%

Saskatchewan's 2017 Budget announced that the dividend tax rate as a percentage of the taxable dividend would be reduced in 1/4 point increments each year from 2017 to 2020, as shown above.

As a result of the reduction in the gross-up rate, Saskatchewan announced in their 2009 budget that they were revising the structure of their enhanced dividend tax credit (DTC), to keep the DTC rate at 11% of taxable dividends.  The revisions are reflected in the above table.

Saskatchewan Dividend Tax Credit for Non-eligible Dividends

SK Income Tax Act 2000 s. 32

The Federal 2016 Budget announced that the gross-up rate for non-eligible dividends (also know as regular dividends, or small business dividends) would be not be revised further after 2016, and the Federal tax credit rate for these dividends would remain at 2016 rates.

For non-eligible, or small business dividends, the Saskatchewan 2016 Budget indicated that the tax credit would remain at 3.4% of the taxable dividend.  However, 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.

The rates for non-eligible dividends are reflected in the following table.

     SK Dividend Tax Credit Rate for Non-Eligible Dividends

Year Gross-up
%of Federal
% of Grossed-up
% of Actual
2016+ 17% 23.173% 3.367% 3.939%
2014/2015 18% 22.29% 3.4% 4.01%
2012-2013 25% 20% 4.0% 5.00%
2011 25% 25% 5.0% 6.25%

The Saskatchewan table of marginal tax rates shows the marginal tax rates for eligible and non-eligible dividends and other income.


Revised: May 09, 2017



Copyright © 2002 - 2017 Boat Harbour Investments Ltd. All Rights Reserved  See Reproduction of information from

Facebook  | Twitter  |  Google + |  Monthly Newsletter Sign-up  What’s New E-mail Notification RSS News Feed
The information on this site is not intended to be a substitute for professional advice.  Each person's situation differs, and a professional advisor can assist you in using the information on this web site to your best advantage. 
Please see our legal disclaimer regarding the use of information on our site, and our Privacy Policy regarding information that may be collected from visitors to our site.