$7 million injected into local economy
November 30, 2022, 11:21 am
Cheques from the Saskatchewan Affordability Tax Credit (SATC) program mailed to Saskatchewan residents over the last couple of weeks add up to more than $7 million going to people in the Moosomin area just in time for Christmas shopping season.
The cheques are $500 per person who is 18 and over by the end of this year.
Based on the total area Saskatchewan population of 17,416 according to Saskatchewan Health covered population figures, taking the number of those who are 18 and over within the region and multiplying by $500 each comes to a total of $7,053,500 in cheques flowing into the area just before the Christmas shopping season.
The Saskatchewan Affordability Tax Credit offers a one-time $500 payment to all eligible Saskatchewan residents.
The SATC is a refundable, non-taxable tax credit that the province decided to deliver outside of the tax system to expedite payments to all eligible recipients.
The SATC is a one-time payment of $500 to anyone regardless of their level of income or if they receive social assistance benefits from the government of Saskatchewan.
The vast majority of SATC payments are expected to be sent by mail to eligible recipients in November.
People are eligible to receive the SATC if you meet all the following criteria:
• They have filed an income tax return for the 2021 tax year by October 31, 2022;
• They filed your 2021 tax return as a resident of Saskatchewan; and
• They are 18 years of age or older as of December 31, 2022.