Saskatchewan -> Tax Rates -> 2016 & 2017 Marginal Tax Rates -> Saskatchewan 2016 & 2017 Income Tax Rates
Saskatchewan 2016 and 2017 Personal Marginal Income Tax Rates
The Saskatchewan and Federal tax brackets and personal amounts are increased for 2017 by an indexation factor of 1.014. 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 rate for the year 2017 is 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. SK Finance has confirmed that this will not be rounded to 3.4% on tax forms. This is reflected in the rates below.
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.
Please read the article Understanding the Tables of Personal Income Tax Rates.
Saskatchewan Personal Income Tax Brackets and Tax Rates |
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| 2017 Taxable Income | 2017 Tax Rates | 2016 Taxable Income | 2016 Tax Rates | ||||||
| first $45,225 | 10.75% | first $44,601 | 11% | ||||||
| over $45,225 up to $129,214 | 12.75% | over $44,601 up to $127,430 | 13% | ||||||
| over $129,214 | 14.75% | over $127,430 | 15% | ||||||
Combined Federal & Saskatchewan Tax Brackets and Tax Rates |
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| 2017 Taxable Income | 2017 Marginal Tax Rates | 2016 Taxable Income | 2016 Marginal Tax Rates | ||||||
| Other Income |
Capital Gains |
Canadian Dividends | Other Income |
Capital Gains |
Canadian Dividends | ||||
| Eligible | Non-Eligible | Eligible | Non-Eligible | ||||||
| first $45,225 | 25.75% | 12.88% | -0.03% | 13.88% | first $44,601 | 26.0% | 13.00% | -0.03% | 14.17% |
| over $45,225 up to $45,916 | 27.75% | 13.88% | 2.73% | 16.22% | over $44,601 up to $45,282 | 28.0% | 14.00% | 2.73% | 16.51% |
| over $45,916 up to $91,831 | 33.25% | 16.63% | 10.32% | 22.65% | over $45,282 up to $90,563 | 33.5% | 16.75% | 10.32% | 22.95% |
| over $91,831 up to $129,214 | 38.75% | 19.38% | 17.91% | 29.09% | over $90,563 up to $127,430 | 39.0% | 19.50% | 17.91% | 29.38% |
| over $129,214 up to $142,353 | 40.75% | 20.38% | 20.67% | 31.43% | over $127,430 up to $140,388 | 41.0% | 20.50% | 20.67% | 31.72% |
| over $142,353 up to $202,800 | 43.75% | 21.88% | 24.81% | 34.94% | over $140,388 up to $200,000 | 44.0% | 22.00% | 24.81% | 35.23% |
| over $202,800 | 47.75% | 23.88% | 30.33% | 39.62% | 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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| 2017 Personal Amount | 2017 Tax Rate | 2016 Personal Amount | 2016 Tax Rate | ||||||
| $16,065 | 10.75% | $15,843 | 11% | ||||||
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Federal Basic Personal Amount |
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| 2017 Personal Amount | 2017 Tax Rate | 2016 Personal Amount | 2016 Tax Rate | ||||||
| $11,635 | 15% | $11,474 | 15% | ||||||
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Revised: October 26, 2023