The Saskatchewan Low-Income Tax Credit (SLITC) is a fully refundable, non-taxable benefit paid to help Saskatchewan residents with low and modest incomes. You do not need to pay income tax in order to receive the benefits. To be eligible for benefits, you must file an income tax return as a resident of Saskatchewan and meet income and family criteria.
There is no need to apply for the SLITC. When you file your income tax and benefit return, the Canada Revenue Agency (CRA) will determine your eligibility and tell you if you are entitled to the credit.
The tax credit is delivered quarterly by the CRA in conjunction with its administration of the federal Goods and Services Tax Credit.
The SLITC benefits are annually indexed to the rate of inflation.
Effective July 1, 2023 the SLITC benefits are as follows:
- The maximum basic adult component and the spousal / equivalent component increase from $358 to $380 each;
- The child component increases from $141 to $150 per child, to a maximum of $300 per family;
- The SLITC benefit is reduced by 2.75% of family net income in excess of $35,902; and
- For families earning less than $35,902, the maximum annual benefit is now $1,060.