Cost of Living
Saskatchewan’s tax regime is competitive and getting better:
- There is no Payroll Tax and no Health Premium levied in Saskatchewan, unlike some other provinces.
- Saskatchewan’s top marginal rate for Personal Income Tax is the third lowest in Canada, and this is the only province in Canada to offer a universal child tax credit.
- At 5%, Saskatchewan's Provincial Sales Tax rate is the lowest of the nine provinces that charge PST.
Provincial Personal Income Tax
Top Marginal Rate
March 31, 2007
- Quebec, Nova Scotia, New Brunswick and Newfoundland fully harmonize their PST with the Federal Goods and Services Tax (GST).
- Quebec and Prince Edward Island apply their PST on top of the 7% Federal GST. This moves Quebec’s provincial rate of 7.5% to an effective rate of 8.025%, and PEI’s rate of 10% to an effective rate of 10.7%.
- Alberta has no PST, but it charges an Annual Health Premium of $1,056 per family. Although there is no statutory requirement, Alberta Finance estimates one-quarter of its health care premium revenue comes from business; from employers voluntarily paying all or part of premium costs for their employees. Saskatchewan has no health premium.