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.
Effective July 1, 2017 the Saskatchewan Low Income Tax Credit has been enhanced to mitigate the impact of the PST changes announced in the 2017-18 Budget on low-income residents. The SLITC enhancements are as follows:
- The maximum basic adult component and the spousal/equivalent component increase by $100, from $246 to $346 each;
- The child component increases by $40 per child, from $96 to $136, to a maximum of $272 per family; and
- The benefit clawback rate increases from 2% to 2.75%.
- For families earning less than $32,643, the maximum annual benefit is now $964.