Saskatchewan dividend tax, 2026

At the top bracket, Saskatchewan taxes eligible Canadian dividends at 29.64% against 47.50% on ordinary income — an advantage of 17.86 points for holding the same money as dividends rather than as interest or salary.

Top eligible dividend rate: 29.64%
Rank of 13: 3; 1 is the lowest rate
First bracket to: $54,532

Every bracket

Taxable income up to	Eligible dividends	Non-eligible	Capital gains	Ordinary income
$54,532	-2.10%	14.89%	12.25%	24.50%
$58,523	0.66%	17.19%	13.25%	26.50%
$117,045	9.63%	24.67%	16.50%	33.00%
$155,805	17.22%	30.99%	19.25%	38.50%
$181,440	19.98%	33.29%	20.25%	40.50%
$258,482	24.52%	37.07%	21.90%	43.79%
and above	29.64%	41.34%	23.75%	47.50%

Reading these figures

Dividend rates apply to the dividend actually received, not to the grossed-up amount — the 38% gross-up and the dividend tax credit are already inside them. Capital gains rates apply to the whole gain, not the taxable half. Applying either adjustment again double-counts it.

Nationally

Saskatchewan ranks 3 of 13 on the top eligible dividend rate, where 1 is lowest. The range runs from 28.33% (Northwest Territories) to 46.20% (Newfoundland and Labrador). Compare all 13.

The threshold above these

Marginal rate is not the whole cost. Above $95,323 of net income, Old Age Security is recovered at 15% — and net income counts the grossed-up dividend, so eligible dividends reach that threshold on roughly 28% less cash than other income does. How that works.

Transcribed 2026-08-06 from a published rate table (source); the underlying brackets and credit rates are set federally and by the province (official figures). Machine-readable: rates.json.