Saskatchewan Basic Personal Amount 2021 Tax rate $16,225 10.50%įederal Basic Personal Amount 2021 Tax rate $12,421 15. For full list of the available tax credits and amounts, visit the Government of Saskatchewan website. ![]() There are both refundable and non-refundable tax credits available, which can reduce the Saskatchewan income tax you owe. The combined federal and provincial marginal tax rate is 47.50%, which is paid on the income above $216,511. The highest provincial rate is applied above $130,506, however, the federal rate is increased further above this income level. The lowest rate is 10.50% and the highest rate is 14.50%. There are 3 tax brackets in Saskatchewan and 3 corresponding tax rates. The Saskatchewan Basic Personal Amount has also been increased to $16,2. The Saskatchewan tax brackets and personal amount have been increased for 2021 by an indexation factor of 1.010. ![]() Saskatchewan personal income tax rates and bracket structure are applied to federally-defined Saskatchewan taxable income. ![]() Saskatchewan’s personal income tax is administered and collected by the federal government through the Canada Revenue Agency.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |