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Saskatchewan Payroll Instructions

For more about Goldenseal payroll accounting software, click here.
For Canada Federal withholding instructions, click here.
For instructions on importing our free Saskathewan tax table updates into the Goldenseal payroll software, click here.

Saskatchewan uses a standard 'stepped' tax table for payroll tax withholding calculations. The tax tables changed in 2008 since they are indexed for inflation.

HINT-- Turtle Creek Software provides free annual updates for Canadian federal and Saskatchewan provincial tax withholding rates.

Saskatchewan Provincial LCP

If one of your employees gets a credit for the labour-sponsored funds tax credit (LCP), create a tax item for the credit. To do so, follow these steps:

  1. Choose Payroll Setup from the Costs menu, and choose Tax Items from the submenu.
  2. Click the New button.
  3. Call the Tax Item "Sask LCP" plus the employee's name.
  4. Click on the Calculation Method popup field and choose Direct Dollars.
  5. Type in the amount of the credit-- take the smaller of $525 or 15% of the purchase value of approved labour-sponsored corporation stock, and divide it by the number of pay periods.
  6. Click on the Tax Type popup field and choose Employee Credit.
  7. Click OK.

You'll also need to assign the LCP credit to the employee. Follow these steps:

  1. Choose Payroll Setup from the Costs menu, and choose Tax Packages from the submenu.
  2. Click the New button.
  3. Put a checkmark next to each tax that applies to this employee (including their LCP credit).
  4. Click OK.
  5. Choose Employees from the Accounts menu.
  6. Use the Find command or browser control to locate the employee account.
  7. Click in the Tax Package field and enter the tax package that you just created.

If several employees use different amounts for LCP, each one will require a tax item with the correct amount, and a tax package that includes their deduction.

Contact Info

Goods and Services Tax Credit (514) 283-6715

Regina Tax Services Office:

1955 Smith Street
Regina SK
S4P 2N9

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