Protected B when completed

Saskatchewan Tax

T3SK

2023

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.

Taxable income (line 43 of the return)

Step 1 – Saskatchewan tax on taxable income

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:

$49,720 or less

more than $49,720,
but not more than
$142,058

more
than $142,058

Enter the amount from line 1.

Base amount

–

Line 2 minus line 3

Rate

10.5%

12.5%

14.5%

Line 4 multiplied by line 5

Tax on base amount

Saskatchewan tax on taxable income (line 6 plus line 7)

Trusts other than GRE and QDT

Saskatchewan tax on taxable income:

(amount from line 1)

14.5% =

Step 2 – Donations and gifts tax credit

Total donations and gifts

Line 14 of Schedule 11A

14212

On the first $200 or less

10.5% =

On the remainder

14.5% =

Donations and gifts tax credit (line 10 plus line 11)

14214

•12

Step 3 – Saskatchewan tax

Enter the amount from line 8 or line 9 above.

14201

•13

Saskatchewan recovery tax (line 42 of Form T3QDT-WS)

14206

•14

Subtotal (line 13 plus line 14)

Donations and gifts tax credit (line 12)

Dividend tax credit

Line 24 of Schedule 8

x 39.95% =

14218

•17

Line 31 of Schedule 8

x 16.14% =

14215

•18

Minimum tax carryover

Line 19 of Schedule 11

x 50% =

14216

•19

Total credits (add lines 16 to 19)

►

–

Subtotal (line 15 minus line 20. If negative, enter "0".)

Saskatchewan additional tax for minimum tax purposes (amount G from Chart 3 of Schedule 12)

14202

•22

Subtotal (line 21 plus line 22)

14205

Saskatchewan foreign tax credit

(from Form T3 PFT, T3 Provincial or Territorial Foreign Tax Credit)

14290

•24

Total Saskatchewan political contributions

14321

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

Total credits (add lines 24, 26, 27 and 28)

►

–

Saskatchewan tax (line 23 minus line 29. If negative, enter "0".)

14330

Enter the amount of line 30 on line 45 of the return.

T3SK E (23)

(Ce formulaire est disponible en français.)

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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:

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

Amount A

Contribution base

–

Line 1 minus line 2

Credit rate

x 75%

x 50%

x 33.33%

Line 3 multiplied by line 4

Base credit

Allowable credit (line 5 plus line 6)

650.00

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.

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.

See the privacy notice on your return.

T3SK E (23)

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