Saskatchewan graduate tuition tax credit
The graduate retention program has changed.
The new Saskatchewan graduate tuition tax credit is now on
Form SK428 to the line 5826 and is used to reduce your
Saskatchewan tax payable.
Starting with the 2015 tax year, you can carry forward
any unused credit for nine years after the year of
graduation.
You can claim this credit if you were a resident of
Saskatchewan on December 31st of the taxation year and you met all
the following conditions:
a) you met the necessary qualifications to complete an
eligible program at an eligible educational institution.
b) You applied for and obtained a "Graduate Retention
Program Eligibility Certificate" from the Saskatchewan Ministry
of Advanced Education.
For more information about this program, please visit the
following link:
https://www.saskatchewan.ca/
To enter your tax credit, please follow the steps below:
1. In the "Left side menu on the Interview tab", select
''Saskatchewan tax credits".
2. On the screen to your right, choose the line "SK428 -
Saskatchewan graduate retention program tuition rebate for
graduates in 2020 (RC360)".
3. Enter the relevant information on the page that
appears.
The program will transfer the non-refundable credit to line
63640 of Form SK428 to reduce your Saskatchewan payable
income tax. However, if you do not use the credit to reduce your
Saskatchewan tax to zero, the software will carry it over to
line 12 of Form RC360 "Saskatchewan Graduate
Retention Program".
ID: 20201215111313DE.xml
Webpage: KPA380-20201215111313DE.htm
