Understanding the Graduate Retention Program changes
Mar 20, 2015 | 5:51 PM
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A number of Saskatchewan people are trying to figure out what the changes to the Graduate Retention Program mean to them.
The program was changed with the provincial budget. It is now non-refundable, meaning the credit is applied to what is owed in Saskatchewan income tax.
Before, the credit went against the amount owed and the remaining amount of the credit was issued to the graduate as a refund.
Now, any credit amount owing is carried forward for future years. When the graduate earns more, and owes more in Saskatchewan income tax, that amount carried forward will benefit them by lowering the amount owed even further. Graduates have up to ten years to get the maximum rebate they are entitled to receive.
