| Protected B when completed | ||||||||||||||||||||||||
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Saskatchewan Tax |
T3SK2024 |
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| Complete this form for a trust resident in Saskatchewan or for a non-resident trust that carries on a business through a permanent establishment in Saskatchewan. Include a completed copy of this form with the trust's return. |
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| Taxable income (line 47 of the return) | 1 | |||||||||||||||||||||||
Step 1 – Saskatchewan tax on taxable income |
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| Graduated Rate Estates (GRE) or Qualified Disability Trusts (QDT) | ||||||||||||||||||||||||
| Use the amount on line 1 to determine which one of the following columns you have to complete. | ||||||||||||||||||||||||
If the amount from line 1 is: |
$52,057 or less |
more than $52,057, but not more than $148,734 |
more than $148,734 |
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| Enter the amount from line 1. | 2 | |||||||||||||||||||||||
| Base amount | – | – | – | 3 | ||||||||||||||||||||
| Line 2 minus line 3 | = | = | = | 4 | ||||||||||||||||||||
| Rate | x | 10.5% | x | 12.5% | x | 14.5% | 5 | |||||||||||||||||
| Line 4 multiplied by line 5 | = | = | = | 6 | ||||||||||||||||||||
| Tax on base amount | + | + | + | 7 | ||||||||||||||||||||
| Line 6 plus line 7 | ||||||||||||||||||||||||
| Saskatchewan tax on taxable income | = | = | = | 8 | ||||||||||||||||||||
| Trusts other than GRE and QDT | ||||||||||||||||||||||||
| Saskatchewan tax on taxable income: | (amount from line 1) | x | 14.5% = | 9 | ||||||||||||||||||||
Step 2 – Donations and gifts tax credit |
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| Total donations and gifts: | ||||||||||||||||||||||||
| Line 14 of Schedule 11A | 14212 | |||||||||||||||||||||||
| On the first $200 or less | x | 10.5% = | 10 | |||||||||||||||||||||
| On the remainder | x | 14.5% = | + | 11 | ||||||||||||||||||||
| Line 10 plus line 11 | Donations and gifts tax credit | 14214 | = | •12 | ||||||||||||||||||||
Step 3 – Saskatchewan tax |
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| Enter the amount from line 8 or line 9 above. | 14201 | •13 | ||||||||||||||||||||||
| Saskatchewan recovery tax (line 43 of Form T3QDT-WS) | 14206 | + | •14 | |||||||||||||||||||||
| Line 13 plus line 14 | Subtotal | = | 15 | |||||||||||||||||||||
| Donations and gifts tax credit (line 12) | 16 | |||||||||||||||||||||||
| Dividend tax credit: | ||||||||||||||||||||||||
| Line 24 of Schedule 8 | x 39.95% = | 14218 | + | •17 | ||||||||||||||||||||
| Line 31 of Schedule 8 | x 19.312% = | 14215 | + | •18 | ||||||||||||||||||||
| Minimum tax carryover: | ||||||||||||||||||||||||
| Line 20 of Schedule 11 | x 50% = | 14216 | + | •19 | ||||||||||||||||||||
| Add lines 16 to 19. | Total credits | = | ► | – | 20 | |||||||||||||||||||
| Line 15 minus line 20 (if negative, enter "0") | Subtotal | = | 21 | |||||||||||||||||||||
| Saskatchewan additional tax for minimum tax purposes (amount G from Chart 3 of Schedule 12) | 14202 | + | •22 | |||||||||||||||||||||
| Line 21 plus line 22 | Subtotal | 14205 | = | 23 | ||||||||||||||||||||
| Saskatchewan foreign tax credit | ||||||||||||||||||||||||
| (from Form T3 PFT, T3 Provincial or Territorial Foreign Tax Credit) | 14290 | •24 | ||||||||||||||||||||||
| Total Saskatchewan political contributions | 14321 | 25 | ||||||||||||||||||||||
| Allowable political contribution tax credit (see instructions on page 2) | 14320 | + | •26 | |||||||||||||||||||||
| Saskatchewan labour-sponsored venture capital corporations tax credit | ||||||||||||||||||||||||
| (see instructions on page 2) | 14303 | + | •27 | |||||||||||||||||||||
| Saskatchewan qualifying environmental trust tax credit | 14340 | + | •28 | |||||||||||||||||||||
| Add lines 24, 26, 27 and 28. | Total credits | = | ► | – | 29 | |||||||||||||||||||
| Line 23 minus line 29 (if negative, enter "0") | Saskatchewan tax | 14330 | = | 30 | ||||||||||||||||||||
| Enter the amount of line 30 on line 50 of the return. | ||||||||||||||||||||||||
| T3SK E (24) | (Ce formulaire est disponible en français.) | Page 1 of 2 |  |
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| Protected B when completed | ||||||||||||||||||||||||
| Line 26 – Allowable political contribution tax credit | ||||||||||||||||||||||||
| A trust can deduct, from its taxes payable to Saskatchewan, part of the amounts it paid to either: | ||||||||||||||||||||||||
| • | a registered political party of Saskatchewan | |||||||||||||||||||||||
| • | an independent candidate in a Saskatchewan provincial election | |||||||||||||||||||||||
| Attach an official receipt to the return as proof of payment, and use the applicable column to calculate the allowable credit. | ||||||||||||||||||||||||
| Total political contributions in the year: | A | |||||||||||||||||||||||
| Enter amount A on line 25. | ||||||||||||||||||||||||
Contributions of $400 or less |
Contributions more than $400, but not more than $750 |
Contributions more than $750, but not more than $1,275 |
Contributions over $1,275 |
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| Amount A | 1 | |||||||||||||||||||||||
| Contribution base | – | – | – | 2 | ||||||||||||||||||||
| Line 1 minus line 2 | = | = | = | 3 | ||||||||||||||||||||
| Credit rate | x 75% | x 50% | x 33.33% | 4 | ||||||||||||||||||||
| Line 3 multiplied by line 4 | = | = | = | 5 | ||||||||||||||||||||
| Base credit | + | + | + | 6 | ||||||||||||||||||||
| Line 5 plus line 6 | ||||||||||||||||||||||||
| Allowable credit | = | = | = | 650.00 | 7 | |||||||||||||||||||
| Enter this amount on line 26. | ||||||||||||||||||||||||
| Line 27 – Saskatchewan labour-sponsored venture capital corporations tax credit | ||||||||||||||||||||||||
| If the trust has a Saskatchewan labour-sponsored venture capital corporations tax credit, enter on line 27 of this form the amount shown on Slip T2C (Sask.), Saskatchewan Tax Incentives, to a maximum of $875. Include Slip T2C (Sask.) with the trust's return. |
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| If you have questions... | ||||||||||||||||||||||||
| If you have questions about Saskatchewan income tax and credits (including the labour-sponsored venture capital corporations tax credit), visit the Canada Revenue Agency (CRA) website at canada.ca/taxes, or call the CRA at 1-800-959-8281. |
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| See the privacy notice on your return. | ||||||||||||||||||||||||
| T3SK E (24) | Page 2 of 2 | |||||||||||||||||||||||