No matter where you live and work in Canada, you’ll need to pay income taxes. Whatever your employer pays you is not what you’ll inevitably take home.
There are taxes, benefits, and several deductions that are typically made to your gross salary. And once these deductions have been made, your net salary will be much different from your gross pay.
How To Calculate Your Net Salary In Saskatchewan
The easiest way to calculate your net salary in Saskatchewan is to use an online calculator. Otherwise, the manual calculations are relatively simple.
1. Find Out What Your Gross Pay is
Your gross salary or pre-tax pay, is typically found on your pay stubs. This is the amount you are paid before income taxes and other deductions are subtracted.
2. Add Up All Deductions
All applicable deductions should be listed on your paycheque. Add them all up to get a sum total for each month.
Some common deductions include the following:
- Income taxes
- Health plan expenses
- Union dues
- Moving expenses
- Childcare expenses
- Professional expenses
- Employment Insurance (EI)
- Canadian Pension Plan (CPP)
- Registered Pension Plan (RPP) contributions from your employer
- Registered Retirement Saving Plan (RRSP) contributions
The amount you’ll pay in taxes on your salary in Saskatchewan is based on both federal and provincial tax rates and deductions. Find out what your specific tax rates are to accurately calculate how much to deduct from your pay.
All of the applicable deductions are subtracted from your gross pay to arrive at your net salary.
3. Calculate Your Take-Home Pay
To calculate your net salary in Saskatchewan, subtract the total of your monthly deductions from your monthly gross pay. The answer you arrive at is your net monthly salary. Multiply this number by 12 to arrive at your annual net pay.
If you’re paid on a bi-weekly basis, multiply the figures by 26. And if you’re paid on a semi-monthly basis, multiply the numbers by 24 to get your annual net pay.
Take-Home Pay Across Canada
- Calculate Your Take-Home Pay In Nova Scotia
- Calculate Your Take-Home Pay In PEI
- Calculate Your Take-Home Pay In Saskatchewan
- Calculate Your Take-Home Pay In Newfoundland and Labrador
- Calculate Your Take-Home Pay In Alberta
- Calculate Your Take-Home Pay In British Columbia
- Calculate Your Take-Home Pay In Ontario
What Deductions Can Affect My Take-Home Pay in Saskatchewan?
Income taxes and various deductions can make a big difference between your gross pay and your net salary. In Saskatchewan, the following deductions will significantly impact your take-home pay:
Employment Insurance (EI)
If you’re unable to work, you may be eligible for EI benefits to help cover life’s biggest expenses. Common reasons to apply for EI include maternity leave, involuntary job loss, or illness.
Canada Pension Plan (CPP)
Employed Canadians pay into the CPP, which is an earnings-based social insurance program. Upon retirement, the CPP will kick in. You’ll receive funds regularly to serve as a form of retirement income.
Quebecers do not contribute to the CPP. Instead, they pay into the Quebec Pension Plan (QPP).
Tax Rate In Saskatchewan
To accurately calculate your net salary, you’ll first need to determine which tax bracket you fall under and the applicable tax rate, both on a federal and provincial level.
Federal Income Tax Rates
The following chart outlines the federal tax rates for 2022 based on incremental income levels. As your pay increases, so does your tax rate:
| Federal Tax Rate | Federal Income Tax Brackets |
| 15% | Applicable to taxable income up to $55,867 |
| 20.5% | Applicable to taxable income over $55,867 up to $111,733 |
| 26% | Applicable to taxable income over $111,733 up to $173,205 |
| 29% | Applicable to taxable income over $173,205 up to $246,752 |
| 33% | Applicable to taxable income over $246,752 |
Saskatchewan Provincial Income Tax Rates
Each province has its own tax rates that residents must pay on their income. Your gross pay will determine which provincial tax bracket you fall under in Saskatchewan. For 2022, the tax rates in Saskatchewan are:
| Saskatchewan Tax Rate | Saskatchewan Income Tax Brackets |
| 10.5% | Applicable to taxable income up to $49,720 |
| 12.5% | Applicable to taxable income over $49,720 up to $142,058 |
| 14.5% | Applicable to taxable income over $142,058 |
How To Calculate Net Salary By Income In Saskatchewan
Using the above tax rates, you can calculate how much you’ll pay in federal and provincial income taxes. You can then plug these numbers into the following equation to calculate your net salary:
| Net Salary = Gross Salary – Tax (Federal and Provincial) – Contributions (CPP + EI) |
Net Salary By Income In Saskatchewan
Residents in Canada are subject to the same federal tax brackets. However, each province or territory tax bracket is slightly different. The chart below outlines how various incomes in Saskatchewan impact the total taxes paid:
| Gross Salary | Federal Tax Deduction | Provincial Tax Deduction | Net Salary |
| $60,000 | $6,500 | $4,500 | $49,000 |
| $100,000 | $15,000 | $9,500 | $75,500 |
What Is The Minimum Wage In Saskatchewan?
As of October 1, 2023, the minimum wage in Saskatchewan is $14.00 per hour. The province plans to increase the minimum wage each year according to the following schedule:
- Effective October 1, 2024: minimum wage will be $15.00/hour
The weekly pay based on 40 hours per week at the current minimum wage of $13.00 per hour would be $520. The yearly pay would be $26,000, assuming 50 weeks worked and a 2-week holiday.
Based on the $13.00 per hour pay, the taxes paid and net salary would be as follows:
| Gross Salary | Federal Tax Deduction | Provincial Tax Deduction | Net Salary |
| $26,000 | $1,300 | $800 | $23,900 |
Saskatchewan Tax Credit That Can Affect Income Taxes
Lowering your taxable income is a legitimate and effective way to cut down on the amount of taxes you owe. Saskatchewan offers a variety of tax credits to help reduce the amount of income tax you have to pay.
Saskatchewan Credit (SK479)
You may be entitled to the Active Families Benefit (AFB) listed under the Saskatchewan Credit section. This benefit is available to those who were residents of Saskatchewan at the end of the year with an adjusted family income not exceeding $60,000.
If eligible, you can claim up to $150 per child born in 2003 or later for fees paid in 2021 toward the cost of registering a child in a sporting, cultural, or recreational activity. To claim an amount, you would need to fill out Form SK479.
Non-Refundable Tax Credits
Saskatchewan offers several non-refundable tax credits to help reduce your taxable income, including the following:
- Home renovations. You can claim eligible expenses over $1,000 and less than $12,000 that you paid for your principal home, up to a maximum of $11,000.
- Graduate tuition tax credit. If you graduated from an eligible educational institution in a qualifying program, you may be entitled to a maximum $20,000 lifetime claim.
- Medical expenses. You can claim medical expenses for yourself, your spouse or common-law partner, and your dependent children born in 2004 or later.
- Senior supplementary amount. You may be eligible for this credit if you were 65 years old or older in 2021 and lived in Saskatchewan at the end of the year, no matter what your net income is.
- Caregiver amount. If you shared a home with one or more dependents at any time in 2021, you may be able to claim up to $9,559 per dependent.
Do you know someone living with a disability in Saskatchewan? Learn about SAID.
Saskatchewan Average And Median Salary
According to Statistics Canada, the average and median salaries in Saskatchewan are as follows:
- Average Income in Saskatchewan: $51,300
- Median Income in Saskatchewan: $40,500
Take Home Pay FAQs
What is net salary?
How much taxes will I pay if I make $80,000 in Saskatchewan?
What’s the benefit of knowing your gross pay and net pay?
Final Thoughts
Unfortunately, your net salary is a lot different than your gross pay in Saskatchewan once you’ve subtracted all income taxes, benefits, and various deductions. That said, it’s important to understand the difference between your net salary and gross pay to ensure you come up with an accurate and effective budget.
