Tax Credits

"The political contributions tax credit system, under The Political Contributions Tax Credit Act, 2001 (the "Tax Credit Act"), provides provincial resident taxpayers, inclusive of individuals and corporations, the opportunity to claim tax credits against Saskatchewan income tax payable based on eligible contributions to a registered political party or independent candidate for which a valid receipt was obtained. The Tax Credit Act governs the Province's political tax credit system and provides a basis for calculating political contribution tax credits for use by provincial resident taxpayers under The Income Tax Act, 2000 (Saskatchewan)(the "Provincial Tax Act").

The Tax Credit Act allows for tax credits for monetary contributions only. Tax receipts may be issued for every eligible contribution received by a registered political party or independent candidate which exceeds $25.00. Official receipts for income tax purposes must only be issued in the name of the contributor."

Retrieved on Nov. 16, 2009 from