iCalculator™ CA: Saskatchewan Tax Calculators

Welcome to iCalculator™ CA, your comprehensive suite of free tax calculators for Saskatchewan. iCalculator™ has provided free tax calculators for Saskatchewan since 2014. Since those early days we have extended our resources for Saskatchewan to includes Tax Guides, Tax Videos and enhanced the tax calculators and supporting tax information. The Saskatchewan Tax Calculator and salary calculators within our Saskatchewan tax section are based on the latest tax rates published by the Tax Administration in Saskatchewan. In this dedicated Tax Portal for Saskatchewan you can access:

Saskatchewan Tax Calculator 2024/25

The Saskatchewan Tax Calculator below is for the 2024 tax year, the calculator allows you to calculate income tax and payroll taxes and deductions in Saskatchewan. This includes calculations for

1. Employees in Saskatchewan to calculate their annual salary after tax.
2. Employers to calculate their cost of employment for their employees in Saskatchewan.

Discover Saskatchewan, Canada

Saskatchewan, located in the heart of Canada, is a province known for its vast open spaces and rich agricultural land. It is bordered by Alberta to the west, Manitoba to the east, the Northwest Territories to the north, and the U.S. states of Montana and North Dakota to the south. Saskatchewan's landscape is predominantly prairies, with the northern part of the province covered in boreal forests. The province has a rich cultural heritage, influenced by its indigenous peoples as well as European settlers, particularly those from Ukraine, Germany, and Scandinavia, whose influences are evident in the province's traditions and festivals.

The economy of Saskatchewan is largely driven by agriculture, making it known as the 'breadbasket of Canada'. The province is a major producer of wheat, canola, and other grains, and its fertile land supports a significant portion of Canada's agricultural output. Alongside agriculture, Saskatchewan is rich in natural resources. The mining sector is robust, with the province being one of the world's largest producers of potash and uranium. Oil and natural gas production in the southern and central regions also contribute significantly to the province’s economy.

In addition to these traditional sectors, Saskatchewan is experiencing growth in the technology and research sectors, particularly in areas related to agriculture and natural resources. This includes innovations in crop science and environmentally sustainable practices in mining and energy production. The province's universities and research institutions play a key role in this emerging economic sector.

Saskatchewan's cultural scene is vibrant, with numerous festivals celebrating its diverse heritage, including the famous Saskatoon Folkfest and Regina's Mosaic Festival. The province's arts and music scenes are also thriving, with various venues and events showcasing local talent. This blend of economic robustness and cultural diversity makes Saskatchewan a unique and dynamic province within Canada.

Overview of Taxation in Saskatchewan, Canada

In Saskatchewan, the tax system includes both federal and provincial taxes. This section on iCalculator™ CA focuses on the provincial taxes of Saskatchewan, aiming to provide a comprehensive understanding of the various types of provincial taxes, their application, and the compliance requirements for residents and businesses in the province.

Provincial Income Tax

Saskatchewan levies a provincial income tax on its residents. This tax is applied to income from various sources, including employment, business activities, and investments. Understanding the specifics of provincial income tax is essential for residents to ensure accurate tax filings and adherence to provincial tax laws.

Provincial Sales Tax (PST)

In addition to the federal Goods and Services Tax (GST), Saskatchewan has its own Provincial Sales Tax (PST). PST is applied to a wide range of goods and services purchased or rented within the province. Both consumers and businesses in Saskatchewan need to be aware of how PST impacts their financial transactions and operations.

Corporate Tax

Corporate tax is also a key component of Saskatchewan’s provincial taxation system. This tax is imposed on the profits of corporations operating within the province. Compliance with corporate tax regulations is crucial for businesses to contribute responsibly to the province's economy and to avoid penalties.

Other Provincial Taxes and Levies

Aside from these primary tax types, Saskatchewan administers various other taxes and levies, such as fuel taxes, environmental levies, and property taxes. These taxes are designed to fund specific public services and initiatives, contributing to the province's infrastructure and societal welfare.

Adhering to provincial tax laws is a critical responsibility for individuals and businesses in Saskatchewan. The province provides resources and support to help taxpayers understand their obligations and ensure they meet their tax responsibilities in a timely and accurate manner. For information on federal tax obligations, additional resources and tools are available on iCalculator™ CA: Saskatchewan.