Cheques To Be Mailed Starting November 14th

By Robert Thomas

So long as you meet the three criteria you can expect to find $500 in your mail box compliments the Saskatchewan Affordability Tax Credit (SATC).

In a news release the SaskParty government has stated they will start mailing out the $500 cheques to all qualifying residents of Saskatchewan on November 14th. The funds will NOT be direct deposited to recipients’ bank accounts as this is a provincial and not a federal program.

The provincial government expects about 900,000 cheques to be mailed out starting on November 14th with the money to be in your mail box shortly afterwards depending on when your cheque is mailed and other external factors such as weather delays hindering Canada Post’s work.

The SATC is a one time cash payment of $500 from the Province of Saskatchewan and when announced by Premier Scott Moe were a way for residents to share in the Province’s good fortune in commodity revenues while making life a little bit more affordable.

“This fall we’ll be sending a $500 affordability tax credit cheque to everyone in Saskatchewan age 18 and older to help with some of those rising costs,” Premier Scott Moe said in late August when announcing the SATC.

The three criteria which all must be met in order to receive the SATC are:

  • You have filed an income tax return for the 2021 tax year by October 31, 2022

  • You filed your 2021 tax return as a resident of Saskatchewan

  • You are 18 years of age or older as of December 31, 2022

There is NO NEED TO APPLY for the SATC and it will be mailed out automatically as long as the recipient matches all of the three criteria.

For people living on social assistance the Province indicated in August the $500 will not be clawed back.

Meanwhile the NDP opposition has said the $500 the SaskParty government is giving out is not enough and more needs to be done to help people struggling with rising costs brought on by high inflation, increasing utility rates and also increasing interest rates.

Due to the unbudgeted for windfall in commodities tax dollars the province reduced it’s debt by $1 billion and won’t have to borrow $700 million they had initially budgeted for in addition to the $500 SAC expecting to cost the provincial treasury $400 million.

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