Saskatchewan Dividend Tax Credit Rates 2026
Calculate the effective tax rate on eligible and non-eligible Canadian dividends in Saskatchewan, including the federal and Saskatchewan provincial dividend tax credit for 2026.
Your Information
Employment, RRSP withdrawals, etc. (before adding dividends)
From Canadian public corporations (T5 box 24)
From CCPCs and private companies (T5 box 10)
Your effective tax rate on dividends is 9.63% — significantly lower than equivalent salary income due to the dividend tax credit.
Effective Rate
9.63%
on dividend income
Total Net Tax
$963
after dividend tax credits
Total Dividend Tax Credit
$3,591
fed $2,073 + prov $1,518
Net After-Tax
$9,037
dividends kept after tax
Dividend Tax Breakdown
| Eligible dividends received | $10,000 |
| Grossed up ×1.38 (38% gross-up) | $13,800 |
| Federal tax on grossed-up dividends | $2,829 |
| Less federal dividend tax credit | +$2,073 |
| Provincial tax on grossed-up dividends | $1,725 |
| Less provincial dividend tax credit | +$1,518 |
| Total net tax on dividends | $963 |
| Net after-tax dividends | $9,037 |
| Effective tax rate on dividends | 9.63% |
Saskatchewan Dividend Tax Credit Rates & Examples
Saskatchewan's 2026 provincial DTC for eligible dividends is 11.0% of the grossed-up amount — one of the most generous in Canada. For a $10,000 eligible dividend (grossed up to $13,800), the SK DTC is $1,518 and the federal DTC is $2,073. Combined, these credits make eligible dividends very tax-efficient in Saskatchewan. With a combined top marginal rate of approximately 47.5%, the effective rate on eligible dividends at the top bracket is approximately 29–30%.
For non-eligible dividends, Saskatchewan provides a provincial DTC of 2.519% of the grossed-up amount. A $10,000 non-eligible dividend (grossed up to $11,500) receives a SK DTC of approximately $290 and a federal DTC of $1,038. Saskatchewan's non-eligible DTC of 2.519% is significantly more generous than Manitoba (0.7835%) or Nova Scotia (1.50%), making it a more favourable province for CCPC owner-managers who rely on non-eligible dividend income.
Saskatchewan's combination of a generous eligible DTC rate (11.0%), retention of the non-eligible DTC, a high basic personal amount ($18,014), low provincial rates (top rate 14.5%), and no surtax or health premium makes it one of the most dividend-friendly provinces in Canada. For retirees and investors with significant non-registered holdings, Saskatchewan's tax treatment of Canadian dividends represents a meaningful financial advantage.
Frequently Asked Questions
What is Saskatchewan's dividend tax credit rate for eligible dividends in 2026?
How are non-eligible dividends taxed in Saskatchewan?
Is Saskatchewan a good province for holding dividend investments?
Looking for a different province? Use the main Dividend Tax Credit Calculator to switch between all provinces and territories.
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