The last date for filing taxes in Canada is April 30 for workers and June 15 for self-employed individuals.
\"}},{\"@type\":\"Question\",\"name\":\"How much is tax in Saskatchewan?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The tax rates in Saskatchewan that determine Saskatchewan tax brackets are 10.5% on taxable income that is $49,720 or less. Plus 12.5% on the next portion of income up to $142,058. Plus 14.5% on the next portion of income that is more than $142,058.
\"}},{\"@type\":\"Question\",\"name\":\"How to calculate tax in Saskatchewan?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"To calculate the tax correctly in Saskatchewan, use a tax calculator Saskatchewan or get help from a tax expert.
\"}},{\"@type\":\"Question\",\"name\":\"How much tax is deducted from a paycheque in Saskatchewan?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Tax deducted from your paycheck depends on your taxable income and Saskatchewan tax rates. The progressive marginal tax rates in Saskatchewan are 10.5% for taxable income of $49,720 or less, plus 12.5% on the next $92,338 plus 14.5% on taxable income more than $142,058.
\"}},{\"@type\":\"Question\",\"name\":\"What is Saskatchewan carbon tax?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Carbon tax in Canada is a tax policy meant to reduce greenhouse emissions. Emitters in Canada who use diesel, LPG, or other fossil fuels pay the carbon tax. The Saskatchewan carbon tax rebate lets the families and individuals claim tax rebate on line 45110 of the T1 General.
\"}},{\"@type\":\"Question\",\"name\":\"How long to keep Saskatchewan tax records?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Ideally, you should keep tax records for six years. Tax records provide written evidence of our income and expenses; therefore, you might need them later to prove income, claim tax refunds, or for other legal actions.
\"}},{\"@type\":\"Question\",\"name\":\"How long does it take to get tax return in Saskatchewan?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Tax refunds in Canada usually take 2 weeks. However, some tax refunds can take as long as 10-12 weeks to process.
\"}},{\"@type\":\"Question\",\"name\":\"How to calculate annual Saskatchewan income?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Annual provincial income in Saskatchewan is taxed according to Saskatchewan marginal tax rates that can be found on the CRA\u2019s website. Using a Saskatchewan tax estimator, you can calculate your tax in Saskatchewan.
\"}},{\"@type\":\"Question\",\"name\":\"Where to mail tax return for Saskatchewan?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Tax returns can be filed Online but you can also mail them to Winnipeg Tax Centre, Post Office Box 14001,, Station Main, Winnipeg MB R3C 3M3
\"}},{\"@type\":\"Question\",\"name\":\"How much is capital gains tax in Saskatchewan?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"In Canada, 50% of the capital gain is taxable on marginal income tax rates. So, if you are in the highest provincial and federal tax bracket, (over $235,675) your capital gains tax rate will be 23.75%. But if you are in a lower tax bracket, (less than $49,720) your capital gains income will be taxed at 12.75%.
\"}},{\"@type\":\"Question\",\"name\":\"What is withholding tax in Saskatchewan?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Withholding tax is the income tax deducted from paycheck.
\"}},{\"@type\":\"Question\",\"name\":\"What is Saskatchewan's marginal tax rate?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The provincial marginal tax rates are 10.5% for taxable income of $49,720 or less, plus 12.5% on taxable income more than $49,720 but not more than $142,058 plus 14.5% on taxable income more than $142,058. Sask income tax calculator can be used to calculate your tax in Saskatchewan.
\"}},{\"@type\":\"Question\",\"name\":\"What are the tax brackets in Saskatchewan?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"There are three Saskatchewan tax brackets: the lowest one has a tax rate of 10.5% and the highest has a tax rate of 14.50%.
\"}},{\"@type\":\"Question\",\"name\":\"What are Saskatchewan tax credits?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The province of Saskatchewan offers tax credits that reduce your provincial tax liability such as the Saskatchewan Farm and Small Business Capital Gains Tax Credit, Saskatchewan Low Income Tax Credit, Graduate Retention Program and Saskatchewan Mineral Exploration Tax Credit (SMETC).
\"}},{\"@type\":\"Question\",\"name\":\"How to pay income tax online?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Income taxes can be paid online through the CRA\u2019s \u2018My Payment\u2019 service. Simply enter your personal information, report your income, and review your return to file your return for free using Wealthsimple.com
\"}},{\"@type\":\"Question\",\"name\":\"What is tax on split income?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Tax on Split Income TOSI is applied to income of individuals who were born after the year 2003. For more information check Form T1206 on the CRA\u2019s website.
\"}},{\"@type\":\"Question\",\"name\":\"How much does RRSP reduce income tax?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The RRSP offers immediate tax benefits when it comes to tax returns as they reduce your income tax. The RRSP dollar limit for the year 2022 is $29,210. Talk to your tax expert about how contributing to the RRSP can reduce your Saskatchewan income tax.
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visibility: inherit;", "ef08164e-995c-4b8c", "", "17d4bdb3-59ce-4e78", "", "2728fc96-8653-4fb3", "", "Federal Tax", "fe5a367e-b8fc-4e00", "", "what is Federal Tax", "fcc532cd-e1a9-4d13", "", "54f5cbf6-6cfb-4a72", "", "839be67a-6d23-4e92", "", "d650e40b-0bec-41a0", "", "bfcdc5a2-e68f-4250", "", "font-size: clamp(1.4rem, 0.38vw + 1.28rem, 1.8rem); font-weight: 400; letter-spacing: -0.005em; font-family: futura-pt, system-ui, \"Helvetica Neue\", sans-serif; line-height: 124%; max-width: 823.625px;", "f685bf24-060a-4c1b", "", "federalTax", "3f64e8e0-2570-43e3", "", "$7,773", "0e959b84-dee9-4293", "", "bca401f5-5e88-48cf", "", "3ab96b8c-d701-4121", "", "Provincial Tax", "7f50e48f-e309-4a66", "", "what is Provincial Tax", "aeccb582-3ed5-47b6", "", "2036dac0-d42b-422a", "", "e701b7e9-9d45-44cf", "", "74c03bc6-91da-4653", "", "2ba1ff0c-c4a1-4bbe", "", "font-size: clamp(1.4rem, 0.38vw + 1.28rem, 1.8rem); font-weight: 400; letter-spacing: -0.005em; font-family: futura-pt, system-ui, \"Helvetica Neue\", sans-serif; line-height: 124%; max-width: 841.375px;", "ba18350b-ad3d-4c22", "", "provincialTax", "61a4e318-729a-45e9", "", "$5,287", "5ca4ecc5-81d5-487b", "", "de709c95-5ea7-4eaa", "", "5b11dff9-211d-4d2c", "", "CPP premiums (self-employment income)", "355b8535-aa96-4927", "", "what is CPP premiums (self-employment income)", "c215886e-d91c-44b4", "", "98bd026a-8d5b-4def", "", "91bac7e9-daca-47fa", "", "ba5805d1-86fd-4da3", "", "31fb4777-13b1-4b11", "", "font-size: clamp(1.4rem, 0.38vw + 1.28rem, 1.8rem); font-weight: 400; letter-spacing: -0.005em; font-family: futura-pt, system-ui, \"Helvetica Neue\", sans-serif; line-height: 124%; max-width: 899.719px;", "27a60163-93fa-4562", "", "selfEmploymentCPPPremiums", "007799b7-4554-4697", "", "$5,534", "45320109-f8ae-4844", "", "cf277586-a2f3-4b57", "", "2928d6ab-c2fc-47ff", "", "444387ef-1f21-4910", "", "After-tax income", "0c91197d-31cc-4052", "", "what is After-tax income", "f1421b56-a785-4050", "", "aabf8cdd-48f0-4f83", "", "86598d1e-ab9d-40ba", "", "1162be77-3ef7-452e", "", "3c1cdbc8-61e4-4945", "", "font-size: clamp(1.4rem, 0.38vw + 1.28rem, 1.8rem); font-weight: 400; letter-spacing: -0.005em; font-family: futura-pt, system-ui, \"Helvetica Neue\", sans-serif; line-height: 124%; max-width: 883.234px;", "355008db-1b61-4287", "", "afterTaxIncome", "c4aa1cbe-2f23-4f1f", "", "$58,206", "f5015641-66f1-42b3", "", "b870ada7-871e-4d79", "", "0de0fb5c-25a9-49cf", "", "718c7579-5914-4a9d", "", "Average tax rate", "49c19d18-d206-4224", "", "what is Average tax rate", "687bb33f-de62-469e", "", "08a98e2f-3f0f-4288", "", "74f20f88-2e76-4df2", "", "1afc6fbc-c069-46ed", "", "55cc05eb-c381-4c27", "", "font-size: clamp(1.4rem, 0.38vw + 1.28rem, 1.8rem); font-weight: 400; letter-spacing: -0.005em; font-family: futura-pt, system-ui, \"Helvetica Neue\", sans-serif; line-height: 124%; max-width: 866.156px;", "778bdea7-e110-421b", "", "averageTaxRate", "5afce8c9-461f-48dd", "", "24.21%", "ResultRow m-0 flex justify-between items-center w-full mt-sm", "3dce6935-9582-487c", "", "a2680b75-0fc0-4ce9", "", "07ec8a6f-b196-4a53", "", "Marginal tax rate", "7909e993-715c-42b2", "", "what is Marginal tax rate", "99b9baa9-e36d-48fc", "", "be90ea6a-c02f-4242", "", "139efdd3-418f-4798", "", "27041e34-aac4-483d", "", "8fe29d32-731c-47e1", "", "font-size: clamp(1.4rem, 0.38vw + 1.28rem, 1.8rem); font-weight: 400; letter-spacing: -0.005em; font-family: futura-pt, system-ui, \"Helvetica Neue\", sans-serif; line-height: 124%; max-width: 872.156px;", "c96d0d98-a832-4e3e", "", "marginalTaxRate", "617d54ff-2da9-402f", "", "33.00%", "6b3510ea-9cbd-49ec", "", "Summary m-0 w-full", "6952818a-1f58-45b6", "", "H3", "font-semibold text-lg", "428e76bd-6d04-4e43", "", "Summary", "mt-sm", "1ddfe4b7-d2e6-4582", "", "If you make $76,800 a year living in Saskatchewan, you will be taxed $18,594. That means your net pay will be $58,206 per year, or $4,851 per month. Your average tax rate is 24.21% and your marginal tax rate is 33.00%. This marginal tax rate means your immediate additional income will be taxed at this rate. For instance, an increase of $100 in your salary will be taxed $33, meaning that your net pay will only increase by $67.", "Section pt-md Disclaimer", "681f9fdc-d03f-4647", "", "m-0 w-full text-xs md:text-sm", "620688f4-c236-47d0", "", "These calculations are approximate and include the following non-refundable tax credits: the basic personal tax amount, CPP/QPP, QPIP, and EI premiums, and the Canada employment amount. After-tax income is your total income net of federal tax, provincial tax, and payroll tax. Rates are up to date as of June 7, 2023.", "SECTION", "PageSection relative", "4bfe8079-d526-4cb8", "", "61533272-956c-4b81", "", "TaxBracket", "a1e539d7-e9e0-4c75", "", "text-center", "69d67cd9-1d7a-46ed", "", "Saskatchewan Provincial \u2028and Federal tax brackets", "text-center mt-sm", "3405f4b1-b8c6-48ed", "", "Your taxable income places you in the following tax brackets.", ":r3:", "RefreshGrid-module--base_--75f66 mt-lg", "2645c100-e1e6-4650", "", ":r4:", "RefreshCell-module--base_--98c5c table-wrapper mb-md", "c634cc68-638d-49f6", "", "TABLE", "itemscope", "itemtype", "https://schema.org/Table", "47a9eabf-d5cb-4421", "", "THEAD", "e900da69-6240-4afd", "", "TR", "05d4e492-25ad-4d57", "", "TH", "scope", "col", "24af8cbb-b8d2-487b", "", "Canadian federal tax bracket", "302e4b69-2df5-4c61", "", "Canadian federal tax rate", "TBODY", "fb9cae45-ff2f-472f", "", "f3af8509-d7b1-41e0", "", "TD", "b3c4422b-e6d6-4299", "", "$53,359 or less", "0bc8595b-20b9-4e7a", "", "15.00%", "7eca1de9-943a-497a", "", "33f70497-82fa-49bb", "", "$53,359 - $106,717", "85fe9c5e-ef96-4479", "", "20.50%", "78b6227f-4bba-4f73", "", "c7a7eea5-5f00-4fa7", "", "$106,717 - $165,430", "560875cd-768c-4434", "", "26.00%", "e74fc179-c6e9-45d1", "", "f4f68f4a-7c66-40da", "", "$165,430 - $235,675", "d108f73e-e983-4b7b", "", "29.00%", "7437f770-294b-4015", "", "28c098ef-fe8c-400a", "", "More than $235,675", "426e8c11-9691-4084", "", ":r5:", "1127f79d-7c17-4bc5", "", "1e5aa8eb-e2c4-4202", "", "fbe4f451-05aa-4f2b", "", "7407cbd4-7912-4f8f", "", "c1045dd6-5f5d-4555", "", "Saskatchewan tax bracket", "f9721838-d6f0-4692", "", "Saskatchewan tax rate", "bf049c50-c92f-4101", "", "72223a05-61a1-4578", "", "e980f54a-7926-4458", "", "first $49,720", "abbd35b1-25ee-472c", "", "10.50%", "7eb58222-908a-4bc9", "", "c2dd618a-9568-456c", "", "over $49,720 up to $142,058", "fa2ec052-35a3-45ce", "", "12.50%", "d727c0b5-0c75-44d6", "", "d19c8b1b-7827-4938", "", "over $142,058", "8970f6c5-b301-4115", "", "14.50%", "7577adca-3fc5-41d1", "", "67750140-71d0-434f", "", "bg-brand-tax-light rounded-card", "303b7c45-df18-4b5e", "", "NetIncome__Title text-3xl md:text-4xl leading-tight pt-3xl pb-lg px-sm text-brand-tax-dark text-center font-sansbold font-bold", "89174f1d-4fc3-472f", "", "How to calculate Saskatchewan net income?", "NetIncome__Column text-brand-tax-dark text-base md:text-lg leading-normal px-md md:px-2xl pb-3xl", "25aeea6d-9959-4f15", "", "15a6412b-d40c-4e24", "", "You can also use a Saskatchewan income tax calculator to calculate your total taxable income, net income, and tax liability. So, if you live in Saskatoon, the following guide for calculating Saskatchewan income tax can help you determine Saskatoon taxes. ", "c8f8351d-1125-4910", "", "STRONG", "543b2e8d-15f0-4f41", "", "Determine taxable income by deducting any pre-tax contributions to benefits", "\nYour taxable income is the total income on which you pay taxes. To find out your taxable income, you need to calculate your yearly income using your gross monthly wages. Your gross monthly wages include overtime salary, tips, allowances, commissions, and bonuses along with your basic salary.\nOnce you have calculated your total income, deduct pre-tax contributions from your total income. For example, contributions to the Registered Retirement Savings Plan RRSP are tax-deductible.", "a735346a-5c1f-41d8", "", "fd228763-36ba-4749", "", "Withhold all applicable taxes (federal and provincial)", "\nThe taxes are withheld from gross salary of employees and paid to the CRA by the employers on the behalf of employees. Find out how much taxes are withheld from your paycheck to correctly report your income when you file tax returns. Your take-home salary is your net salary that the paycheck is written for.", "3c370d9a-7020-43ec", "", "9bbc6273-c413-4786", "", "Deduct any post-tax contributions to benefits", "\nPost-tax contributions refer to contributions to a savings or retirement account after tax is deducted from your income. For instance, contributions to Tax-free Savings Account TFSA are not deductible for income tax purposes, therefore, the contributions are made from your net income. In a TFSA, your investment grows tax-free so you won\u2019t have to pay taxes on withdrawals. ", "f536c835-1ff0-4533", "", "83980db3-9ee6-400b", "", "Garnish wages, if necessary", "\nWhen money is withheld from your paycheck and paid to the government or a creditor, the process is called garnishing of wages or just garnishment. Garnished wages are a part of your income that are withheld by your employer that are remitted to the government or creditor. Garnished wages are not tax-deductible and are included in your tax return.", "94393a8f-8827-4507", "", "b9ba4181-4a18-42a7", "", "The result is net income", "\nAfter deducting pre-tax deductions, you arrive at your taxable income on which taxes are charged. After paying taxes, the result is your net income which is your take-home salary.", "NewsCarousel__Container ws-container relative", "f75f69b5-76db-43c4", "", "NewsCarousel__title font-sansbold font-bold leading-none text-heading md:mb-xl", "text-align: center;", "4a1eb073-35f7-40a4", "", "Saskatchewan employment income ", ":r6:", "RefreshGrid-module--base_--75f66 NewsCarousel__navigation text-center", "2151b194-e34b-4636", "", ":r7:", "RefreshCell-module--base_--98c5c p-sm text-greyscale-darker NewsCarousel__navigation__item font-sansbold font-bold", "bc342628-b591-4510", "", ":r8:", "RefreshCell-module--base_--98c5c p-sm text-greyscale-darker NewsCarousel__navigation__item", "0c6389fd-7a53-4299", "", ":r9:", "b219b3e0-0880-413d", "", ":ra:", "413d4fad-7cde-4e99", "", ":rb:", "82a4c010-5449-40f8", "", "Ineligible dividends", ":rc:", "e75681cb-a3e6-4357", "", "NewsCarousel EmploymentIncomeCarousel", "overflow: hidden; direction: ltr; cursor: -webkit-grab;", "d2292ea0-4316-4c8d", "", "width: 3405px; transition: all 700ms cubic-bezier(0.19, 1, 0.4, 1) 0s; transform: translate3d(0px, 0px, 0px);", "25788334-de50-4d9e", "", "float: left; width: 16.6667%;", "3d6da6d3-937e-4458", "", "Card NewsCard bg-white text-body p-lg sm:p-2xl mx-md flex flex-col block overflow-hidden", "7cf8242c-eb54-4bc9", "", "H4", "NewsCard__title", "0ed3a5b5-68c1-4849", "", "NewsCard__date font-semibold text-sm tracking-tight leading-none my-lg", "e8e61dfd-8e6d-4419", "", "NewsCard__body", "f0710bfe-cf08-4b28", "", "9f2d3f2d-0f69-4cd6", "", "Self-employment income is the income earned from a business, profession, commission sales, farming business, or fishing business. If you are self-employed, the federal and Saskatchewan income tax rates that apply to other workers also apply to you. If you are a self-employed business owner or earn income through commissions, use form T2125 to file taxes. For self-employed business, professional, commission, farming, and fishing income-related information you can check out the form T4002 on the CRA website.", "065e2156-78d1-4be7", "", "d5fa6498-c809-412d", "", "666a4b56-be05-459e", "", "dc8dafb2-1ae1-4e16", "", "38943913-4da7-4348", "", "2d4dfbaf-a319-4430", "", "RRSP deductions refers to the amount you put in a Registered Retirement Savings Account which can be deducted from your taxable income. Utilizing the RRSP deductions can reduce your income subject to taxes. Additionally, the income you earn in the RRSP is exempt from taxes as long as it remains in the RRSP. You have to pay taxes when you start receiving the payments after retirement or withdraw funds before retirement.", "84043e91-033e-43c9", "", "605a3cdb-b613-4aaf", "", "92b56aab-5f68-4562", "", "4b42584e-939f-41e4", "", "90146bb0-b1f1-4217", "", "eee10a61-71ed-41c2", "", "Capital gain refers to the income earned on selling an asset at a higher price than its purchase price because its value increased during the holding period. Capital gains are included in taxable income and are reported on tax return in the calendar year you sell the asset or considered to have sold it. Capital gains are to be reported even if you don\u2019t have to pay taxes on capital gains.", "491ac909-eef8-4a25", "", "a3a7cf5f-2917-4f37", "", "137df286-6c6d-4be8", "", "0a813988-d08d-44d0", "", "8c0a3bdf-baba-4b58", "", "87a262b2-d3a9-4741", "", "Under section 89(14) of the Income Tax Act; an eligible dividend is a taxable dividend paid by a Canadian Corporation to a resident of Canada. The corporation can make the whole amount of the dividend; eligible divided or make a portion of the dividend eligible. The corporation issuing eligible dividends should make every possible effort to notify its shareholders that the dividend is an eligible dividend. The gross-up tax rate charged on eligible dividends is 38%.", "1aae2233-a426-41cc", "", "31eb9062-b2ea-4691", "", "69725e08-ca2e-47dd", "", "2c188d90-f55e-4439", "", "1946794c-28de-4199", "", "211f4599-646e-4413", "", "Ineligible dividends or non-eligible dividends are dividends paid out by corporations that are not eligible for the eligible dividend tax credit. The gross-up rate charged on non-eligible dividends is 15%.", "5d8df642-5337-4586", "", "dc861943-cb21-4d6f", "", "a5d56cd5-d333-420e", "", "2f77eb84-9313-44c2", "", "98dd0367-af05-456d", "", "98b318fd-5913-475e", "", "Other income includes income other than your salary, self-employment income, retirement income, or investments, foreign income, and canceled debts. It can be your income from a death benefit,casual income (income from lottery, horse races, etc), scholarships, or grants.", "NewsCarousel__Controls flex mt-lg", "b1e981e6-ccd8-4cb1", "", "Card NewsCarousel__Control mr-sm", "Navigate carousel backwards", "2f508e74-7f28-4381", "", "transform: scale(-1, 1);", "38fe7aaf-3ac1-4b58", "", "11px", "18px", "0 0 7 11", "version", "1.1", "img", "cae3c63c-b0d3-4d00", "", "g", "stroke", "stroke-width", "1", "efd9c19c-8218-4cd2", "", "transform", "translate(-497.000000, -623.000000)", "nonzero", "2", "76c803ac-8ad6-45df", "", "translate(409.000000, 612.000000)", "67c52f85-89aa-45b8", "", "polyline", "translate(89.242641, 16.242641) rotate(-135.000000) translate(-89.242641, -16.242641) ", "points", "92.2426407 19.2426407 86.2426407 19.2426407 86.2426407 13.2426407", "b6df9b3b-4b3d-4be0", "", "Card NewsCarousel__Control", "Navigate carousel forwards", "9721be8a-0f08-4455", "", "transform: rotate(0deg);", "3110c4f7-a1ff-4818", "", "6453e67a-7fca-44b8", "", "b669e171-6062-45b7", "", "d2d8748b-79f2-4e4c", "", "d3d0453e-639d-4789", "", "057a9dfb-bf74-4d59", "", "NewsCarousel__press mt-sm md:mt-md", "8fd0268e-fab8-4b63", "", "57d04e05-da84-4914", "", "87b6d0e5-3470-4315", "", "Other incomes to understand in Saskatchewan", ":rd:", "602011a4-0405-40b3", "", ":re:", "bc31a2a7-434e-4552", "", "What is interest income?", ":rf:", "0a710cbf-5146-478f", "", "What are ordinary dividends?", ":rg:", "f8d2db42-d73f-46ae", "", "What are qualified dividends?", ":rh:", "4f19bd90-35b8-4a29", "", "What is passive income?", ":ri:", "214baa9d-39f5-4fa4", "", "What is capital gain?", ":rj:", "88702b39-059a-4c47", "", "Other income", "NewsCarousel OtherIncomeCarousel", "0ef2ba2e-a53a-4dea", "", "1eace3f3-4050-434b", "", "c96dd7ce-baee-4e18", "", "e86a9243-a892-420f", "", "75055396-3a56-4015", "", "4d6f6b53-716a-4f7f", "", "e4fbfcf7-08fb-4d66", "", "80ba6b88-4a5e-445d", "", "Interest Income is the income you receive for lending money to an entity such as a bank or a business corporation. Interest income is a part of your total income and therefore must be reported on your tax return even if the amount is less than $50. Interest income or income from the investment is shown on the T5 slip, Statement of Investment Income.", "f0935173-ef6f-449e", "", "cde325c9-5567-4ce3", "", "51574d0d-a28e-46c1", "", "4e746826-c541-4c45", "", "55a968a4-2c0a-4714", "", "620df173-97ff-4864", "", "Ordinary dividends are widely known as non-eligible dividends in Canada that are paid by corporations that do not qualify for the eligible dividend tax credit. Corporations that earn less than $500,000 in net income payout non-eligible dividends. The ordinary dividends or non-eligible dividends are taxed at a gross-up rate of 15%.", "a5958a1b-005f-42f9", "", "e6d30c80-8f9c-4e5a", "", "527f9142-9552-47f4", "", "96c89423-8eeb-4771", "", "4bdb0b52-2f03-480b", "", "c235380d-1b55-477b", "", "Canadian Companies that qualify for the eligible dividend tax credit payout qualified or eligible dividends. The corporations are required by the Canada Revenue Agency to notify shareholders that dividend paid is an eligible dividend. Large business corporations pay corporate tax at higher tax rates therefore the eligible dividends are taxable on a gross-up rate of 38%.", "f476efca-7221-427e", "", "623b2536-91b7-44ab", "", "c440331d-b9f0-4a25", "", "4bc25820-597e-4bbe", "", "b2f0a088-5dc0-49c3", "", "579ff372-f195-4096", "", "Passive income refers to the income you generate with minimum labor. An example of passive income is royalty on a book, rent from a property, or dividend income. Most passive incomes are taxable at higher rates. An example of passive income in Canada is the eligible dividend that is taxed at a 38% tax rate.", "d6c69a4a-17ee-4e38", "", "d056919d-ad49-43e7", "", "aad0936c-8672-48fe", "", "b2c299ba-026b-4006", "", "021da823-b4ea-434a", "", "d0465287-10a4-4b26", "", "Capital gain is a profit made on the sale of an asset that increased in value during its holding period. For instance, you buy stocks of a company for $800,000 and hold it for a certain period, after which you sell it for $1,000,000. The additional $200,000 earned is your capital gain. Capital gains are taxable in Canada, however, some capital gains that qualify for Lifetime Capital Gains Exemption LCGE are not taxable.", "2e763818-bdb4-43a3", "", "41833811-4271-4810", "", "4b6f762f-7f3f-4ab0", "", "b4b68493-8057-4344", "", "0cdb313c-b57d-4021", "", "72b09a06-29ad-46d0", "", "Other income is your income from sources other than your salary income, capital gains, self-employment, retirement income, or investments, foreign income, and canceled debts. Other income can be a casual income (for example income from lotteries, horse races, or gambling), or a death benefit. ", "fbaa264b-fd82-43fb", "", "dc4b0e3f-4842-4411", "", "34e49322-6429-4f24", "", "5987ec54-333b-48dc", "", "50da0e45-83b0-4808", "", "ac467860-d0d9-4b1a", "", "e459cd49-d994-4c1f", "", "d3896655-e96d-41d3", "", "8b384489-4026-4afa", "", "7119f855-b3fe-4786", "", "3f389d5c-5440-4afe", "", "238be5cf-8b5e-44fe", "", "a84066dd-0b42-40a7", "", "8fe05179-fa24-4809", "", "eb7eaa12-1fd9-48e9", "", "487e4462-a0ba-4a8c", "", "5e2a7f86-0abf-4b8e", "", "b7a301c9-7940-4158", "", "Understanding Saskatchewan Deductions & Credits", ":rk:", "49af1831-8bcb-48ca", "", ":rl:", "c2a34e49-c870-4116", "", "What are tax exemptions?", ":rm:", "f040e7df-6df8-40de", "", "CRA credits", ":rn:", "4e799a1a-8c36-4c85", "", "Mortgage interest", ":ro:", "54286c4d-59ba-43b9", "", "Charitable donations", ":rp:", "96cd9348-a926-4023", "", "Student loan interest", ":rq:", "25ce5e5b-6a9a-40c2", "", "Child & dependent care expense", ":rr:", "982861f3-6dca-4f83", "", "College education expense", ":rs:", "37a5d634-fbb9-4868", "", "Mental health credits", ":rt:", "ef15dfc6-dfec-494e", "", "Other deductibles", "NewsCarousel DeductionsAndCreditsCarousel", "e1fe9f45-ae84-442b", "", "width: 5107.5px; transition: all 700ms cubic-bezier(0.19, 1, 0.4, 1) 0s; transform: translate3d(0px, 0px, 0px);", "a5c16e7b-b958-42c1", "", "float: left; width: 11.1111%;", "4e3a38c6-a3e7-425c", "", "4bc4f95b-e389-4c80", "", "e5457ed3-e2a2-40d8", "", "357be9e7-7ac5-4c1e", "", "13e238d5-1f96-4a48", "", "9a6bf02d-9a89-4c8d", "", "Tax exemptions refer to a relief from taxes, reduction in taxes or taxes on only a portion of your income. Tax exemptions reduce your taxable income so you pay less Sask tax. Some tax exemptions are available to individuals on a temporary or permanent basis to reduce their tax liability. For example gifts and lottery winnings are exempt from taxes. ", "76965931-4041-49f2", "", "0e815ead-67f6-44a1", "", "8cbe487b-83b1-4942", "", "296ed60b-e4ec-4b4d", "", "d2072ef2-795b-47f4", "", "f3075828-a337-4ebe", "", "The Canadian Revenue Agency allows contributions to the Registered Retirement Savings Plan RRSP without paying taxes. RRSP contributions can be used as a tax deduction on your tax return. The income earned in the RRSP is tax-free until withdrawn. So, you\u2019ll pay the deferred taxes on RRSP withdrawals later. ", "aba0d962-8aac-47d3", "", "044c9ce2-517b-402d", "", "220971f8-9dd3-4d19", "", "3f71fcd5-98c9-46d6", "", "b1f43466-d33d-4a29", "", "b40f0596-39c4-4149", "", "Mortgage interest refers to the interest you pay to your lender when you mortgage a house. Interest payments on personal mortgages are not tax-deductible, however, the mortgage interest payments are tax-deductible if you are using your mortgage property to generate rental income. ", "5347c2c5-1bf3-4804", "", "ed7b072e-806d-4456", "", "4dfc1796-7f67-421a", "", "edac5f18-390c-4bf5", "", "4f3b72b5-671a-4415", "", "d76e7640-d9e2-4e64", "", "If you give charitable donations to registered and qualified charities, you can save the tax receipts and claim a tax credit. If you make charitable donations to the registered charities recognized by the CRA, you can claim tax credits to lower your taxes. ", "eb3ca479-bede-4cc2", "", "b130ad77-70b9-4304", "", "9f17c539-f091-4961", "", "02ed967e-9eb4-482a", "", "afca0e0f-1b4a-47c5", "", "8622da47-da06-4870", "", "In some provinces of Canada, you can claim tax credits on student loan interest. In Saskatchewan, you can receive tax credits on the actual amount of your student loan interest. Students in Saskatchewan can claim up to $20,000 in tax credits through the Graduate Retention Program. The provincial tax credit can be claimed on the T2202A tax slip issued by the educational institution. ", "c436633e-e68c-46e9", "", "e1f84063-c4f3-4800", "", "bf0c6be4-b81b-450c", "", "44c0d7a0-81e0-4fb3", "", "7a919cbe-6c8b-4407", "", "13008179-c3fe-4f3a", "", "The Disability Tax Credit is a non-refundable tax credit which can be claimed for eligible children and adults with severe and prolonged disabilities. A person is eligible for the disability benefits or tax credits if a medical practitioner certifies on the Form T2201, Disability Tax Credit Certificate, that the person has prolonged and severe physical or mental impairment.", "3ff669c0-3794-453e", "", "87401252-0295-488d", "", "6ef8bb68-db48-4019", "", "3e035a7e-fdb3-4a77", "", "6b01c6da-a209-463d", "", "07d9201e-ebdb-4005", "", "The eligible students can rebate up to $20,000 of tuition fees in Saskatchewan under the Graduate Retention Program. The rebate is based on your tuition fee that is indicated on the T2202A tax receipts issued by your educational institution. ", "f5d7b710-3aa3-4ee0", "", "fc4dbfcd-1418-4871", "", "84a2ffc0-b9ab-4efb", "", "08095452-fed9-4c67", "", "f68baba0-35f6-455f", "", "f6c54b5a-a40a-4a2a", "", "To check eligibility and calculate the tax credit amount, individuals under 18 years of age use Worksheet SK428. For disabled individuals who are 18 years or older, the Saskatchewan tax credit of $9,464 can be claimed on line 58440 of Form SK428. Medical practitioners can fill out their portion of Form T2201, print and return it to the applicants of digital application for disability tax credit. ", "dbcb07ff-be8d-4384", "", "17e9b81b-e3b6-4d40", "", "b0fd1ec1-880e-4b47", "", "f02e5505-3369-4996", "", "f9609a06-dd25-4ec6", "", "e19f5ce6-41a8-4687", "", "Tax deductibles and deductibles are expenses that a taxpayer can deduct from their adjusted gross income. Deductibles can reduce the amount a taxpayer owes in income tax. 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"https://images.ctfassets.net/v44fuld738we/7krz0bbZ3YNszDAH7D8P91/d321802a7a2b36a7c818238c0f890da3/yukon-flag.jpg?w=48&h=24&q=90&fm=png&bg=transparent", "https://images.ctfassets.net/v44fuld738we/7krz0bbZ3YNszDAH7D8P91/d321802a7a2b36a7c818238c0f890da3/yukon-flag.jpg?w=12&h=6&q=90&fm=png&bg=transparent 12w,\nhttps://images.ctfassets.net/v44fuld738we/7krz0bbZ3YNszDAH7D8P91/d321802a7a2b36a7c818238c0f890da3/yukon-flag.jpg?w=24&h=12&q=90&fm=png&bg=transparent 24w,\nhttps://images.ctfassets.net/v44fuld738we/7krz0bbZ3YNszDAH7D8P91/d321802a7a2b36a7c818238c0f890da3/yukon-flag.jpg?w=48&h=24&q=90&fm=png&bg=transparent 48w,\nhttps://images.ctfassets.net/v44fuld738we/7krz0bbZ3YNszDAH7D8P91/d321802a7a2b36a7c818238c0f890da3/yukon-flag.jpg?w=96&h=48&q=90&fm=png&bg=transparent 96w", "Yukon Tax Calculator", "52d6b12a-2f07-4288", "", "1cdae806-b89f-43b7", "", "", "/en-ca/tool/tax-calculator/yukon", "e3293ad0-dfee-47d4", "", "faq", "PageSection relative undefined", "7de43395-86a0-4794", "", "123b3691-809b-490e", "", "FaqSection", "a7001022-a6ca-41e0", "", "ws-lineLength text-center mx-auto mb-lg md:mb-xl lg:mb-xxl text-greyscale-black font-sansbold font-bold text-heading text-bold text-3xl md:text-4xl lg:text-5xl tracking-tight leading-none mb-lg", "f527b0d6-4b9f-4841", "", "FAQs", "FaqItem", "38604d75-dfdf-44e9", "", "FaqItem__Button pt-lg pb-md", ":r1f:", "14827563-138e-4dbf", "", "FaqItem__FocusIndicator", "96782112-242a-47ab", "", "FaqItem__QuestionButton flex justify-between items-center", "4c3f6895-cd09-439c", "", "FaqItem__Heading font-semibold text-heading text-base", "9bb484ce-5064-4661", "", "When is tax due in Saskatchewan?", "FaqItem__OpenClose font-semibold text-heading", "9778f9e9-6d6e-46e0", "", "12", "0 0 12 12", "transform-origin: center center; transition: transform 0.45s ease 0s;", "f079abba-8b62-49d2", "", "ce6464c8-190e-472c", "", "Add", "m4.98831386 0h2.02337228v5.01228501h4.98831386v1.95577396h-4.98831386v5.03194103h-2.02337228v-5.03194103h-4.98831386v-1.95577396h4.98831386z", "12adc0eb-31f9-4623", "", "accordion-module--accordion_--6f4c4 FaqItem__Answer", "8d929045-5a64-4b4b", "", "db3bcb8e-0e04-43ad", "", "pb-md text-body", "f898d641-0b8d-4069", "", "551afcd3-be7a-430e", "", "The last date for filing taxes in Canada is April 30 for workers and June 15 for self-employed individuals.", "dff0b235-c19b-4519", "", ":r1g:", "c196c5d6-62f7-40fc", "", "366d4998-5321-45a9", "", "61b1661f-70ab-4622", "", "89046049-ed44-405c", "", "How much is tax in Saskatchewan?", "b1bf61e8-1035-430a", "", "ec5ebd60-5569-4a83", "", "71b1d532-62f0-49af", "", "392c9124-b8cf-49a8", "", "963b7568-93f8-4965", "", "7360e911-0356-44eb", "", "b9efe1d3-5a66-4bcc", "", "39987428-b78f-47f1", "", "The tax rates in Saskatchewan that determine Saskatchewan tax brackets are 10.5% on taxable income that is $49,720 or less. Plus 12.5% on the next portion of income up to $142,058. Plus 14.5% on the next portion of income that is more than $142,058.", "37be7045-b918-4528", "", ":r1h:", "df2b1022-5f62-4fda", "", "cfbfeeda-d5db-48a3", "", "d74783b4-1ec6-47ef", "", "da863584-db9c-41ef", "", "How to calculate tax in Saskatchewan?", "a995f633-8b52-48fc", "", "64abcb56-8fe0-4133", "", "5f06dbed-8354-4cef", "", "1fc01936-5b4c-4793", "", "05e71d05-a356-485f", "", "dc2d27ea-318a-4258", "", "ee61746c-037a-4f0a", "", "d5afc0c7-20c8-4878", "", "To calculate the tax correctly in Saskatchewan, use a tax calculator Saskatchewan or get help from a tax expert.", "75a0459b-8b2c-4d35", "", ":r1i:", "17e0bfe5-4ef7-4382", "", "b0cd47a4-91c2-49ca", "", "0b0eddf5-4e75-407a", "", "9fc7a40a-fc86-442a", "", "How much tax is deducted from a paycheque in Saskatchewan?", "ab0553d9-0690-4b10", "", "7e5000b1-d7f5-4304", "", "7d5631c2-7f52-43e0", "", "63e55591-2dc1-4019", "", "a62343cf-4339-41a3", "", "5321cbca-5e91-46a5", "", "c1b7bbf7-66fd-4af6", "", "94206563-6f2d-46cb", "", "Tax deducted from your paycheck depends on your taxable income and Saskatchewan tax rates. The progressive marginal tax rates in Saskatchewan are 10.5% for taxable income of $49,720 or less, plus 12.5% on the next $92,338 plus 14.5% on taxable income more than $142,058.", "64b0bd0a-a13c-437a", "", ":r1j:", "bf7d1982-9224-460c", "", "451c0d2b-acb7-4400", "", "5c5483aa-f1f9-4d2e", "", "2346aa6a-503d-4009", "", "What is Saskatchewan carbon tax?", "816aa0b0-38cf-46b7", "", "7acc76cb-e94a-4ccb", "", "9040f121-1cad-441d", "", "dcdcd92d-36af-475a", "", "a252ecb9-cd67-4a8b", "", "2e418165-cb9c-47e9", "", "3063e796-86e1-4244", "", "92c2b292-0f1f-40ed", "", "Carbon tax in Canada is a tax policy meant to reduce greenhouse emissions. Emitters in Canada who use diesel, LPG, or other fossil fuels pay the carbon tax. The Saskatchewan carbon tax rebate lets the families and individuals claim tax rebate on line 45110 of the T1 General. ", "259b4ef3-f8db-480c", "", ":r1k:", "ff77dfed-f6e8-4da0", "", "35ed5959-b8e8-4922", "", "a2bbbb5f-a2ed-40ac", "", "12450578-ceaa-4b0e", "", "How long to keep Saskatchewan tax records?", "330ccd05-c375-4271", "", "8a8715fd-238d-4a22", "", "73248dc8-8833-4fcc", "", "eb100c7f-34ae-416d", "", "b5b828b5-1070-47a8", "", "bcc31c17-64b9-4fd8", "", "fa6d9227-c0fa-4c91", "", "88522ec0-9a45-4d0f", "", "Ideally, you should keep tax records for six years. Tax records provide written evidence of our income and expenses; therefore, you might need them later to prove income, claim tax refunds, or for other legal actions.", "926eb008-88cc-47ec", "", ":r1l:", "79aebf4f-4b10-404d", "", "a4ce4cf5-a590-45e5", "", "4488ff57-ce1c-4e73", "", "c4c75f1e-a6d9-4375", "", "How long does it take to get tax return in Saskatchewan?", "d321a49e-0759-4a8c", "", "7a397c6d-e922-4650", "", "5ad627f3-d61f-479f", "", "ae0f3f90-1d61-4b19", "", "c0da3b33-dd81-4dd9", "", "679b4baa-55d2-4809", "", "1abd8646-ae38-4ea8", "", "f94fd5eb-d33d-4b15", "", "Tax refunds in Canada usually take 2 weeks. However, some tax refunds can take as long as 10-12 weeks to process.", "36de2a4c-d839-43bb", "", ":r1m:", "ac633b87-3fa1-4279", "", "0f8f8150-1979-49f3", "", "6b007718-a791-4e90", "", "ed7dcf1e-8adc-4319", "", "How to calculate annual Saskatchewan income?", "88ecb1d4-6bc1-4f18", "", "4dd3563d-db3c-41a6", "", "66d39ae0-dfa1-45ea", "", "a345c3fe-7245-4352", "", "1a9cd5c4-c76f-45b1", "", "b9663c77-8b14-45a8", "", "0e20bd3a-1c8a-40ec", "", "c9801189-657b-4095", "", "Annual provincial income in Saskatchewan is taxed according to Saskatchewan marginal tax rates that can be found on the CRA\u2019s website. Using a Saskatchewan tax estimator, you can calculate your tax in Saskatchewan.", "5f01bf17-9f40-40d8", "", ":r1n:", "04b6e4fa-e3a4-4191", "", "eb3d8fca-ce7b-4aa5", "", "f53b96d8-8556-42f9", "", "8562615e-8693-4f0d", "", "Where to mail tax return for Saskatchewan?", "7754e906-1487-4710", "", "315dd53b-9bf1-4149", "", "1d9f62d5-cab2-4203", "", "d5353eb4-0b81-43d2", "", "cab0b2e1-5976-4b31", "", "96121818-7307-48e6", "", "0889d4a1-6f96-45b6", "", "f5b603f6-a0ad-4fed", "", "Tax returns can be filed Online but you can also mail them to Winnipeg Tax Centre, Post Office Box 14001,, Station Main, Winnipeg MB R3C 3M3", "09bd579f-45f0-4edf", "", ":r1o:", "91d780c2-d262-4adb", "", "3af5fd50-2bf5-424c", "", "6aabe16a-a3b0-4694", "", "bc872d33-1129-417f", "", "How much is capital gains tax in Saskatchewan?", "5f4aa532-f5e4-4e7a", "", "94833eb6-88b7-47b1", "", "f1400bbd-22a4-4890", "", "747c33f2-4c6d-4244", "", "ae12da77-3264-4e75", "", "58ae18af-717a-425e", "", "a45f9d7a-6ec3-4da0", "", "8bfd7c70-6f72-40f6", "", "In Canada, 50% of the capital gain is taxable on marginal income tax rates. So, if you are in the highest provincial and federal tax bracket, (over $235,675) your capital gains tax rate will be 23.75%. But if you are in a lower tax bracket, (less than $49,720) your capital gains income will be taxed at 12.75%.", "97528cc3-347d-4d43", "", ":r1p:", "d535737d-1348-4fc4", "", "b45b3b96-2a90-4e90", "", "f9c49037-b5bf-4242", "", "e9679f2e-c6d5-43b5", "", "What is withholding tax in Saskatchewan?", "3860638d-2d7c-498b", "", "de7da04e-5668-4db4", "", "7dcee4b1-04c2-47ec", "", "24ae8cab-327f-4954", "", "d6aaa164-ec3d-4fae", "", "ed74680b-ab99-40db", "", "d8b5e0a2-a40a-45e2", "", "b6fa03cb-3fb5-4b9f", "", "Withholding tax is the income tax deducted from paycheck.", "5b71413f-7a1c-48f1", "", ":r1q:", "1d3f1bac-8b8a-4cbe", "", "50a381e4-cc03-4fe8", "", "b11302ff-fa7d-4651", "", "a7efca9a-45a7-457c", "", "What is Saskatchewan's marginal tax rate?", "4cb0051f-46ea-4ad4", "", "0ba330b4-c69c-4d35", "", "8dfffc4c-36c6-4ac1", "", "ebb24e3a-e174-40fe", "", "cf905fd4-c20c-4e83", "", "6980da1b-c2ae-4d04", "", "8851d3ea-fafd-4884", "", "11c8d727-6392-4db9", "", "The provincial marginal tax rates are 10.5% for taxable income of $49,720 or less, plus 12.5% on taxable income more than $49,720 but not more than $142,058 plus 14.5% on taxable income more than $142,058. Sask income tax calculator can be used to calculate your tax in Saskatchewan.", "df7224c2-e7af-4a46", "", ":r1r:", "2194d0f9-00ca-455c", "", "80e47c89-2422-418d", "", "a513b494-5445-4d8b", "", "aa736c87-62f9-4861", "", "What are the tax brackets in Saskatchewan?", "bd6f45e0-86a0-400b", "", "e1009601-bcfe-486a", "", "668538ed-6444-461e", "", "f4d31853-abca-4b93", "", "7cd13216-f8a7-41e3", "", "b3e0bbd4-3d31-4cf6", "", "056f90cc-5f9b-4aca", "", "253399b1-9c1f-44f7", "", "There are three Saskatchewan tax brackets: the lowest one has a tax rate of 10.5% and the highest has a tax rate of 14.50%.", "fccbaa05-faf0-48b9", "", ":r1s:", "2b0a6e6a-d9ad-4751", "", "6ab1f964-8d71-4150", "", "79346fa5-003e-42ee", "", "e73a0d6b-7b06-4137", "", "What are Saskatchewan tax credits?", "6b8c7af6-9ae2-4c6e", "", "d60ab32d-583b-4c08", "", "efc23c66-19e6-4167", "", "e0bd2e6b-6f1e-4495", "", "d0d3e765-2f31-44ef", "", "f6dd566c-1101-4027", "", "10b9e9c8-02e2-49ab", "", "c6939c23-fbe7-46b7", "", "The province of Saskatchewan offers tax credits that reduce your provincial tax liability such as the Saskatchewan Farm and Small Business Capital Gains Tax Credit, Saskatchewan Low Income Tax Credit, Graduate Retention Program and Saskatchewan Mineral Exploration Tax Credit (SMETC).", "cc988584-1aa5-4b59", "", ":r1t:", "e68e8a11-92b4-4777", "", "212254ae-a746-4945", "", "c42b235e-0a35-404f", "", "6bb4e3b6-3a2b-40e5", "", "How to pay income tax online?", "26869c7a-5a54-4f02", "", "6fc8527a-70cc-4c28", "", "530aae0f-ea00-43f7", "", "d524f2e6-2a01-4c70", "", "95510995-6224-4581", "", "d37675b9-7701-4dc7", "", "7f4a56cb-ac62-4bb7", "", "4a5e216e-939d-453b", "", "Income taxes can be paid online through the CRA\u2019s \u2018My Payment\u2019 service. Simply enter your personal information, report your income, and review your return to file your return for free using Wealthsimple.com", "1d8a3be3-5e3b-457d", "", ":r1u:", "66c51f2b-f4b6-47ce", "", "b25e9bcd-c314-46e9", "", "459b1899-b60b-473b", "", "2f8ac443-dbc4-46bb", "", "What is tax on split income?", "f340fbe7-783f-42d7", "", "88e2b336-c5cb-417e", "", "b9edf246-a208-4e36", "", "3623a7a4-7dfa-466a", "", "77dc608b-4f20-49d1", "", "e1ec5044-f8e6-43a1", "", "af87f535-7f3a-4939", "", "9100520c-5ed2-4ac5", "", "Tax on Split Income TOSI is applied to income of individuals who were born after the year 2003. For more information check Form T1206 on the CRA\u2019s website.", "0a76ba0d-35f8-4e99", "", ":r1v:", "8e4b35df-8910-405f", "", "cbbf2f07-433d-4c49", "", "ab8b39a3-304f-4d90", "", "a70df268-f89c-4892", "", "How much does RRSP reduce income tax?", "91a6121a-f00a-476a", "", "7a9d29cc-d862-436a", "", "fbcfc00a-b5ea-4612", "", "cc1053c0-effe-4c92", "", "785e6a30-5a76-4690", "", "30e38c64-c490-438f", "", "8489f15e-29fa-4613", "", "00f5f468-916a-4b1c", "", "The RRSP offers immediate tax benefits when it comes to tax returns as they reduce your income tax. The RRSP dollar limit for the year 2022 is $29,210. Talk to your tax expert about how contributing to the RRSP can reduce your Saskatchewan income tax. 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