Saskatchewan Low-income Tax Credit Regulations, I-2.01 Reg 7
AI-assisted research summary: These regulations set the formula for variable C for the 2026 taxation year, define “Act” as The Income Tax Act, 2000, and state that the regulations come into force when filed with the Registrar of Regulations.
1 MINIMUM WAGE, 2014 S-15.1 REG 3 The Saskatchewan Low-income Tax Credit Regulations being Chapter I-2.01 Reg 7 (effective December 18, 2025) NOTE: This consolidation is not official. Amendments have been incorporated for convenience of reference and the original statutes and regulations should be consulted for all purposes of interpretation and application of the law. In order to preserve the integrity of the original statutes and regulations, errors that may have appeared are reproduced in this consolidation. 2000-1 2 I-2.1 REG 7 MINIMUM WAGE, 2014 Table of Contents 1 Title 2 Definirion 3 Determination of C re subsection 39(6.3) of the Act 4 Coming into force 3 MINIMUM WAGE, 2014 S-15.1 REG 3 CHAPTER I-2.01 REG 7 The Income Tax Act, 2000 Title 1 These regulations may be cited as The Saskatchewan Low-income Tax Credit Regulations. Definition 2 In these regulations, “Act” means The Income Tax Act, 2000. 24 Dec 2025 cI-2.01 Reg 7 s2. Determination of C re subsection 39(6.3) of the Act 3 For the purposes of determining the variable C in the formula set out in subsection 39(4) of the Act in accordance with subsection 39(6.3) of the Act for the 2026 taxation year, the amount C is equal to 3.029% of the amount, if any, by which the individual’s adjusted income for that taxation year exceeds the amount D calculated in accordance with the following formula: $460 D =$54,532− 0.03029 . 24 Dec 2025 cI-2.01 Reg 7 s3. Coming into force 4 These regulations come into force on the day on which they are filed with the Registrar of Regulations. 24 Dec 2025 cI-2.01 Reg 7 s4. 4 I-2.1 REG 7 MINIMUM WAGE, 2014 REGINA, SASKATCHEWAN Printed by the authority of THE KING’S PRINTER Copyright©2025