Provincial Taxes
Provincial Business Taxes Summary
| Provincial Sales Tax | 5.0% |
| Liquor Consumption Tax | 10.0% |
| Fuel Tax Gasoline Diesel |
15.0 cents/litre 15.0 cents/litre |
| Tobacco Tax Cigarettes Tobacco |
$4.575 per pkg of 25 $4.575 per 25 grams |
Source: Saskatchewan Finance (2007)
2005 |
2006 |
2007 |
2008 |
|
|---|---|---|---|---|
| Corporation Capital Tax General Financial Services |
0.6% 3.25%/0.7% |
0.3% 3.25%/0.7% |
0.15% 3.25%/0.7% |
0.0% 3.25%/0.7% |
| Corporate Income Tax* General Manufacturing and Processing Profits Small Business Small Business Threshold |
17.0% 10.0% 5.0% $300,000 |
14.0% 10.0% 5.0% $400,000 |
13.0% 10.0% 4.5% $450,000 |
12.0% 10.0% 4.5% $500,000 |
Source: Saskatchewan Finance
*per cent of taxable income
Note: Rate changes are effective July 1st of each year, except the small business rate reduction, which is effective January 1, 2007. The rate changes are applied on a prorated basis for taxation years that straddle their effective dates.
Personal Income Tax
| On first $38,405* | 11.0% |
| On next $71,324* | 13.0% |
| On any remainder* | 15.0% |
Source: Saskatchewan Finance (2007)
* Taxable income
Visit Saskatchewan Finance for more details on Saskatchewan's tax rates.
