Saskatchewan – Provincial corporation tax

Lower rate

The lower rate of Saskatchewan income tax will be modified as such:

  • 2% before October 1, 2020
  • 0% effective October 1, 2020
  • 1% effective July 1, 2022
  • 2% effective July 1, 2023

If the rate changes during the tax year, you have to base your calculation on the number of days in the year that each rate is in effect.

Income eligible for this lower rate is determined using the Saskatchewan business limit of $600,000.

Higher rate

The higher rate of Saskatchewan income tax is 12%. This rate applies to all income not eligible for the lower rate.

For more information, see Dual tax rates.

Reporting the tax

You can use Schedule 411, Saskatchewan Corporation Tax Calculation, to help you calculate your Saskatchewan tax before the application of credits. You do not have to file it with the return. See the schedule for more details.

On line 235 of Schedule 5, Tax Calculation Supplementary – Corporations, enter the amount of tax calculated.

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