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6.3% increase
- The Federal and Saskatchewan tax brackets and personal tax credit amounts are increased for 2023 by an indexation factor of 1.063 (6.3% increase).
Mar 27, 2024 · Saskatchewan 2024 and 2023 Tax Rates & Tax Brackets. The Federal and Saskatchewan tax brackets and personal tax credit amounts are increased for 2024 by an indexation factor of 1.047 (4.7% increase). Saskatchewan uses the federal indexation factor.
- Saskatchewan 2023 and 2022 Tax Rates & Tax Brackets - TaxTips.ca
Saskatchewan 2023 and 2022 Tax Rates & Tax Brackets. The...
- Saskatchewan 2023 and 2022 Tax Rates & Tax Brackets - TaxTips.ca
- Overview
- On this page
- New for 2023
- Saskatchewan benefits for individuals and families
- Form SK428 – Saskatchewan Tax
- Form SK479 – Saskatchewan Credit
- Download a copy of Saskatchewan tax information for 2023
- Prior years
- Contributors
•New for 2023
•Saskatchewan benefits for individuals and families
•Form SK428 – Saskatchewan Tax
•Form SK479 – Saskatchewan Credit
•Download a copy of Saskatchewan tax information for 2023
•Prior years
The personal income levels used to calculate your Saskatchewan tax have changed.
The amounts for most provincial non-refundable tax credits have changed.
The tax credit rate for other than eligible dividends has changed.
The mineral exploration tax credit will now be calculated on the new Form T1279, Saskatchewan Mineral Exploration Tax Credit.
To make sure you get your payments on time, you and your spouse or common-law partner need to file your 2023 Income Tax and Benefit Return(s) by April 30, 2024. The CRA will use the information from your return(s) to calculate the payments you are entitled to get from the following program:
Saskatchewan low-income tax credit
This credit is a non-taxable amount paid to help Saskatchewan residents with low and modest incomes. This amount is combined with the quarterly payments of the federal goods and services tax/harmonized sales tax (GST/HST) credit.
You do not need to apply for the GST/HST credit or the Saskatchewan low-income tax credit. The Canada Revenue Agency (CRA) will use the information from your return to determine if you are entitled to receive this credit.
Who should complete Form SK428
Complete Form SK428 if one of the following applies: You were a resident of Saskatchewan at the end of the year You were a non-resident of Canada in 2023 and any of the following applies: You earned employment income only in Saskatchewan You received income from a business with a permanent establishment only in Saskatchewan
Completing Form SK428
Fill out Part A – Saskatchewan tax on taxable income Calculate your tax on taxable income using the chart in Part A. Fill out Part B – Saskatchewan non-refundable tax credits The eligibility conditions and rules for claiming most Saskatchewan non‑refundable tax credits are the same as those for the federal non‑refundable tax credits. However, the amount and calculation of most Saskatchewan non‑refundable tax credits are different from the corresponding federal credits. If you are a newcomer to Canada or an emigrant As a newcomer or an emigrant, you may be limited in the amount you can claim for certain provincial non-refundable tax credits. If you reduced your claim for any of the following federal amounts, you also need to reduce your claim for the corresponding provincial amount in the same way: Expand all - part B Collapse all - part B Line 58200 – Amount for infirm dependants age 18 or older You can claim up to $10,405 for each of your (or your spouse's or common-law partner's) dependent children or grandchildren born in 2005 or earlier who has an impairment in physical or mental functions. You can also claim this amount for more than one person if each one meets all of the following conditions: They are your (or your spouse's or common-law partner's) parent, grandparent, brother, sister, aunt, uncle, niece or nephew They were 18 years of age or older They were dependent on you (or on you and others) because of an impairment in physical or mental functions They were a resident of Canada at any time in the year Parent A parent includes someone you were completely dependent upon and who had custody and control of you when you were under 19 years of age. Child A child includes someone who is completely dependent upon you for support and whom you have custody and control of, even if they are older than you. You can claim this amount only if the dependant's net income from line 23600 of their return (or the amount that it would be if they filed a return) is less than $17,788. If you had to make support payments for a child, you cannot claim an amount on line 58200 for that child unless both of the following conditions apply: You were separated from your spouse or common-law partner for only part of 2023 because of a breakdown in your relationship You did not claim any support amounts paid to your spouse or common-law partner on line 22000 of your return If both of these conditions are met, you can claim whichever of the following amounts is better for you: line 58200 of your Form SK428 line 22000 of your return How to claim this amount Complete the calculation for line 58200 using Worksheet SK428. If you are claiming this amount for more than one dependant, enter the total amount on line 58200 of your Form SK428. The CRA may ask for a signed statement from a medical practitioner showing when the impairment began and how long it is expected to last. You do not need a signed statement from a medical practitioner if the CRA already has an approved Form T2201, Disability Tax Credit Certificate, for a specified period. The notice of determination will show which years you are eligible for. Claim made by more than one person If you and another person support the same dependant, you can split the claim for that dependant. However, the total amount of your claim and the other person's claim cannot be more than the maximum amount allowed for that dependant. Line 58210 – Amount for dependent children born in 2005 or later You can claim this amount if you lived in Saskatchewan at the end of the year and you had a dependent child for whom all of the following conditions apply: The child was less than 18 years of age at any time in 2023 The child lived with you at the end of the year (or on the date of death for a child who died in 2023) No one has received a special allowance under the Children's Special Allowances Act for the child You cannot claim this amount if anyone made a claim for the child as an eligible dependant on Line 58160 or as a spouse or common-law partner on Line 58120. If you have a spouse or common-law partner, only one of you can claim this amount. When both of you are eligible to make this claim, the person with the lower taxable income must make the initial claim. The other person may claim any unused amount by completing Schedule SK(S2), Provincial Amounts Transferred from your Spouse or Common-law Partner, and attaching it to their return. How to claim this amount Complete the chart “Details of dependent children born in 2005 or later” on Form SK428. Enter the number of dependent children you have who were born in 2005 or later beside box 58209 on Form SK428. Claim $6,700 for each dependent child and enter the total amount on line 58210. Line 58315 – Volunteer firefighters' amount Line 58316 – Search and rescue volunteers' amount, and Line 58317 – Volunteer emergency medical first responders' amount You can claim one of the following credits if you meet all of the conditions for that credit as described below: volunteer firefighters' amount (VFA) search and rescue volunteers' amount (SRVA) volunteer emergency medical first responders' amount (VEMFRA) You can claim the VFA or the SRVA if the rules are met for claiming the amount on line 31220 or line 31240 of your return. If not, you may be able to claim the VEMFRA if the total number of eligible hours worked as a volunteer firefighter, search and rescue volunteer or volunteer emergency medical first responder was 200 hours or more, and all of the following conditions are met: You completed at least 200 hours of eligible volunteer emergency medical first responders' service You provided volunteer emergency medical first responder services to the provincial health authority, which included: responding to and being on call for medical first responder and related emergency calls attending meetings held by the provincial health authority participating in required training related to emergency first responder services How to claim this amount Enter on line 58315 the VFA you claimed on line 31220 of your return, or enter on line 58316 the SRVA you claimed on line 31240 of your return, or enter $3,000 on line 58317 for the VEMFRA. Only residents of Saskatchewan are eligible for these amounts. If you were not a resident of Saskatchewan at the end of the year, you cannot claim any of these credits when calculating your Saskatchewan tax even if you may have received income from a source in Saskatchewan in 2023. Bankruptcies in 2023 If you were bankrupt in 2023, you can claim the VFA, SRVA and VEMFRA on your pre- or post-bankruptcy returns. The total credit cannot exceed the amount that would be allowed if the individual had not been bankrupt in the year. The 200 volunteer hour requirement must also be met during the applicable taxation year. Line 58400 – Caregiver amount You may be able to claim up to $10,405 for each dependant if, at any time in 2023, you (alone or with another person) kept a dwelling where you and that dependant lived. Each dependant must be one of the following: your (or your spouse's or common-law partner's) child or grandchild your (or your spouse's or common-law partner's) brother, sister, niece, nephew, aunt, uncle, parent or grandparent who was a resident in Canada You cannot claim this amount for a person who was only visiting you. Also, each dependant must meet all of the following conditions: They were 18 years of age or older when they lived with you Their net income in 2023 on line 23600 of their return (or the amount that it would be if they filed a return) was less than $28,175 They were dependent upon you because of an impairment in physical or mental functions, or they were your (or your spouse's or common-law partner's) parent or grandparent born in 1958 or earlier If you had to make support payments for a child, you cannot claim an amount on line 58400 for that child unless both of the following conditions apply: You were separated from your spouse or common-law partner for only part of 2023 because of a breakdown in your relationship You did not claim any support amounts paid to your spouse or common-law partner on line 22000 of your return If both of these conditions are met, you can claim whichever of the following amounts is better for you: line 58400 of your Form SK428 line 22000 of your return How to claim this amount Complete the calculation for line 58400 using Worksheet SK428. If you are claiming this amount for more than one dependant, enter the total amount on line 58400 of your Form SK428. Claim made by more than one person If you and another person support the same dependant, you can split the claim for that dependant. However, the total amount of your claim and the other person's claim cannot be more than the maximum amount allowed for that dependant. If you or someone else is claiming the caregiver amount (line 58400) for a dependant, you cannot claim the amount for infirm dependants age 18 or older (line 58200) for that dependant. If someone other than you is claiming the amount for an eligible dependant (line 58160), you cannot claim the caregiver amount for that dependant. Fill out Part C – Saskatchewan tax Complete this part to calculate your Saskatchewan tax. Expand all - part C Collapse all - part C Line 72 – Saskatchewan political contribution tax credit You can claim this credit if, in 2023, you contributed to a registered Saskatchewan political party or to an independent candidate in a Saskatchewan provincial election. Only claim amounts from your official receipts for 2023. Official receipts can be issued only for contributions of at least $25. How to claim this credit Enter the total of your official receipts for your Saskatchewan political contributions on line 63554 of your Form SK428. Then calculate and enter your credit on line 72 as follows: If the total of your official receipts is more than $1,275, enter $650 on line 72 of your Form SK428 If the total of your official receipts is $1,275 or less, use Worksheet SK428 to complete the calculation for line 72 Supporting documents If you are filing a paper return, attach the official receipt (signed by an official agent of the political party or independent candidate) for each contribution. Line 80 – Saskatchewan graduate tuition tax credit You can claim this credit if you were a resident of Saskatchewan at the end of 2023 and you met all of the following conditions: You met the necessary qualifications to receive a certificate or diploma from an eligible program at an eligible educational institution You applied for and obtained a Graduate Retention Program Eligibility Certificate from the Saskatchewan Ministry of Advanced Education You will be entitled to credits over a seven-year period based on your eligible tuition amount, beginning in the tax year shown on your Graduate Retention Program Eligibility Certificate, as long as you file a return as a resident of Saskatchewan for each year of your entitlement. Your credits will be calculated at the following rates: 10% of your total eligible tuition amount will be allowable in each of the first four years 20% of your total eligible tuition amount will be allowable in each of the three years following the first four years You can carry forward any unused credit for nine years after the year of graduation. Credits not used within this time period will expire. The maximum amount you can claim in your lifetime is a total of $20,000. How to claim this credit Complete Form RC360, Saskatchewan Graduate Retention Program. Attach this form to your return for the year of graduation (as stated on the eligibility certificate). If you received a Graduate Retention Program Eligibility Certificate for any tax year from 2013 to 2023 and did not claim the tax credit for the year shown on the certificate, you have to send an adjustment request to the CRA. The CRA will determine your eligibility for the tax credit for each year you filed a Saskatchewan return. If you were not a resident of Saskatchewan in the year of graduation, do not file a Saskatchewan return for that year. Instead, send your Graduate Retention Program Eligibility certificate to the CRA with a request to adjust your account to reflect your eligibility beginning in the year of graduation. If you are still entitled, the tax credit will be applied at the applicable rate starting in the year you move to Saskatchewan, and you still only have nine years after the year of graduation to claim this credit. Your 2023 notice of assessment or reassessment will show the amount of Saskatchewan graduate tuition tax credit available for 2024. This amount will include any unused credit from 2023, if any. Supporting documents If you are filing a paper return, attach your Form RC360, your 2023 Graduate Retention Program Eligibility Certificate, and the receipts that support your tuition amount, for the year of graduation. If you graduated in 2006 or 2007 and you met the graduate tax exemption eligibility criteria, you may have received a Tuition Rebate Eligibility Certificate for 2008 to claim rebates under the graduate retention program. If you did not claim that rebate on your 2008 return, you have to send an adjustment request for your 2008 return to the CRA.
You may be entitled to the benefit listed in this section, even if you do not have to pay tax. To claim this amount, attach a completed Form SK479, Saskatchewan Credit, to your return.
•Active families benefit (AFB)
You can claim this benefit if you were a resident of Saskatchewan at the end of the year and your adjusted family income is not more than $60,000.
You can claim up to a maximum of $150 per child born in 2005 or later for the fees paid in 2023 that relate to the cost of registering a child, whom you are the legal guardian of or who is your, your spouse's or common-law partner's child in an eligible activity. If a child is eligible for the disability tax credit, you can claim a maximum of $200 for that child.
Only one individual can claim the AFB for a child.
Adjusted family income
The Saskatchewan tax information for 2023 is available in PDF.
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•E-text
Previous-year information is also available.
Saskatchewan 2023 and 2022 Tax Rates & Tax Brackets. The Federal and Saskatchewan tax brackets and personal tax credit amounts are increased for 2023 by an indexation factor of 1.063 (6.3% increase). Saskatchewan uses the federal indexation factor.
Find out what's new for residents of Saskatchewan for 2023 and get help completing your Saskatchewan tax and credits form. Worksheet SK428 - Saskatchewan. Calculate some of the amounts to report on your Saskatchewan tax and credits form.
Jan 3, 2023 · In Saskatchewan, the first adult of a family will receive $170, the second adult will get $85, each child will receive $42.50 and a family of four will receive $340 each payment.
TurboTax's free Saskatchewan income tax calculator. Estimate your 2023 tax refund or taxes owed, and check provincial tax rates in Saskatchewan.
People also ask
How much will Saskatchewan tax increase in 2023?
What is the new tax rate in Saskatchewan?
How do I claim Saskatchewan tax credit 2023?
What changes have been made to Saskatchewan tax credits?
Which tax brackets and personal tax credit amounts are increased in 2024?
How are tax brackets indexed in 2023?
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.
