From 2000-2007, the Government of Saskatchewan had two previous graduate tax benefit programs for graduates from post-secondary programs.
The Graduate Retention Program became effective January 1, 2008
For Graduates from 2000-2006: The Post-Secondary Graduate Tax Credit (GTC)
The Post-Secondary Graduate Tax Credit is a one-time tax credit that graduates and journeypersons may apply against their Saskatchewan Income Tax the year they graduated. The tax credit amount is dependent on the year of graduation and any unused credit may be carried forward for up to four years.
Year of Graduation
|
Tax Credit Amount
|
| 2000-2003 |
$350 |
| 2004 |
$500 |
| 2005 |
$675 |
| 2006 |
$850 |
For Graduates from 2006-2007: Graduate Tax Exemption (GTE)
The Graduate Tax Exemption was a $10,000 exemption from Saskatchewan Income Tax for the 2007 taxation year. Any unused credit can be carried forward for up to five years.
Claiming the benefit
If you graduated between 2000-2007 and were a resident of Saskatchewan and have not received the tax credit, you may request Canada Revenue Agency to reassess your Saskatchewan income taxes.
You need to apply to the Government of Saskatchewan to have an eligibility certificate issued that is required when your taxes are reassessed.
You can obtain an application for either program by contacting the Student Service Centre at 1.800.597.8278 or studentservices@gov.sk.ca.
To request a reassessment of your Saskatchewan Income Tax, please contact the Canada Revenue Agency at 1-800-959-8281.
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