Taxes

All three levels of government collect money from Saskatchewan people through taxes.  They use tax money to provide services such as police and fire protection, roads, education, immigrant services and health care.

Income Taxes

Every year, before April 30, you must complete an Income Tax forms for the Revenue Canada Agency.  On the form, you list how much money you earned and how much tax you have already paid.  Depending on your income and the amount of tax you paid, you will either have to pay more tax, or you will get some money back as an income tax refund.

Form T4055 - Newcomers to Canada explains how income tax is calculated.

Both Federal and Provincial Income Tax are calculated on your income, but this is done on the same form as your income tax.  You do not have to fill out an income tax form twice.

It doesn't matter how much or how little income you had in a year, you must fill out income tax forms.

GST and PST

The Goods and Services Tax (GST) is a federal sales tax charged on certain items and services you buy.  Many people call it "GST."  You pay it to the business selling you the product or service.  Depending on your income, you might get a refund on all or part of the GST you pay.

The Provincial Sales Tax (PST) is a sales tax charged on certain things that you buy, import or rent, and on certain services.  Just as the GST, you pay it at the time of transaction. 

Property Taxes

If you own a house or other property, your local city, town or municipal government will charge you property taxes, which help to pay for local schools.  If you rent an apartment, you do not pay property tax directly.  

Related Links
Survey

Complete this survey to help us improve this website.

Definition  Close Window