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    Thursday, February 22, 2018

The Political Contribution Tax Credit allows donors to qualifying political parties or election candidates to claim a provincial tax credit against Saskatchewan personal or corporate income taxes payable. Effective January 1, 2004, the credit is calculated as 75 per cent of the first $400 donated, 50 per cent of the next $350 donated and 331/3 of the next $525 donated. The maximum tax credit available to a donor per year is $650, which applies to donations of at least $1,275. The tax credit is non-refundable and non-transferable. Unused amounts may not be carried forward to subsequent taxation years.

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