News Release - January 24, 2001
PROVINCE DELIVERS STUDENT TAX CREDIT
Nearly 11,000 post-secondary graduates in Saskatchewan will be getting their
certificates for the provincial Graduate Tax Credit by the end of February.
This credit is a one-time provincial income tax credit of $350 for qualifying
graduates who obtain employment in Saskatchewan. All students who have
graduated since January 1, 2000 are eligible for the credit.
"All of Saskatchewan benefits from the success of its graduates," Post-
Secondary Education and Skills Training Minister Glenn Hagel said. "This is
one way we can say thank you for your hard work and for applying your skills
and knowledge in Saskatchewan."
The Graduate Tax Credit also goes to graduates from outside Saskatchewan who
are working in the province. A recent national study shows more post-secondary
graduates moving to Saskatchewan than away from it.
The tax credit should be filed with the graduate's Saskatchewan Income Tax
return in the year of graduation. Any unused portion will be automatically
carried forward up to four taxation years.
Saskatchewan's universities, SIAST, the Apprenticeship and Trade Certification
Commission and some other post-secondary educational institutions in
Saskatchewan will apply on behalf of their graduates to the Government of
Saskatchewan so that certificates can be automatically issued. These
institutions will be listed on the program web site. Graduates of institutions
not on the list, including out-of-province schools, can apply directly to the
province to receive the certificate.
Eligible post-secondary programs must be six months or more of full-time study,
result in recognized certificates, diplomas or degrees, and be approved for
Canada/Saskatchewan Student Loans.
"This unique credit rewards our students for putting their education to work
in Saskatchewan, and acts on concerns expressed in the public consultations on
financial access to post-secondary education held across the province last
January," Hagel said.
The Graduate Tax Credit is expected to benefit between 8,500 and 11,000
graduates each year.
Application forms are available from:
Post-Secondary Graduate Tax Credit Office
B21, 3085 Albert Street
Regina SK S4P 3V7
Phone (306) 787-5620
Or from www.sasked.gov.sk.ca/P/graduatetaxcredit
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For more information, contact:
Post-Secondary Education and Skills Training
Phone: (306) 787-5586