The Government of Saskatchewan extends deepest condolences to all the families and friends of those affected by the Humboldt Broncos bus crash.  Support services and resources are available

Google Translate Disclaimer

A number of pages on the Government of Saskatchewan`s web site have been professionally translated in French. These translations are identified by a yellow text box that resembles the link below and can be found in the right hand rail of the page. The home page for French-language content on this site can be found here:

Renseignements en Français

Where an official translation is not available, Google™ Translate can be used. Google™ Translate is a free online language translation service that can translate text and web pages into different languages. Translations are made available to increase access to Government of Saskatchewan content for populations whose first language is not English.

The results of software-based translation do not approach the fluency of a native speaker or possess the skill of a professional translator. The translation should not be considered exact, and may include incorrect or offensive language Government of Saskatchewan does not warrant the accuracy, reliability or timeliness of any information translated by this system. Some files or items cannot be translated, including graphs, photos, and other file formats such as portable document formats (PDFs).

Any person or entities that rely on information obtained from the system does so at his or her own risk. Government of Saskatchewan is not responsible for any damage or issues that may possibly result from using translated website content. If you have any questions about Google™ Translate, please visit: Google™ Translate FAQs.

INFLATION PROTECTION ADDS $22 MILLION MORE IN INCOME TAX SAVINGS

Released on January 6, 2009

Personal Income Tax Fully Indexed To Inflation

Saskatchewan residents will realize a further $22 million in provincial tax savings in 2009 as personal income tax brackets and personal tax credits are indexed to the national rate of inflation.

"This will offset the cost of inflation, protecting the benefits of the important tax relief we announced in the fall," Finance Minister Rod Gantefoer said. "Today's announcement will build on that announcement, increasing total tax savings from a record-high $300 million annually to $322 million. This largest-ever single year tax cut just got even better."

This past fall, basic and spousal tax credit amounts were increased by $4,000 to $12,945, while the dependant child tax credit amount increased by $2,000 per child to $4,795 for 2008. As a direct result of indexation, these exemptions will further increase to $13,269 and $4,915 respectively for 2009.

All of this means a working family with two children can now earn up to $42,220 without paying any Saskatchewan income tax. Full indexation also means a single pensioner receiving $25,000 in annual pension income will pay $50 less in Saskatchewan income tax in 2009, compared to the previous year.

"Indexation protects us from what is called ‘bracket creep' - the automatic increases in taxes caused by inflation," Gantefoer said. "Indexation preserves the real value of personal income tax credits."

The income tax brackets, basic and spousal credits, senior supplement, dependent child credit, age credit, disability-related credits, medical expense credit and the new Saskatchewan Low-Income Tax Credit are all subject to indexation.

-30-

For more information, contact:

Vanessa Beaupre
Finance
Regina
Phone: 306-787-8109
Email: vanessa.beaupre@gov.sk.ca

We need your feedback to improve saskatchewan.ca. Help us improve