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Saskatchewan 2012 Budget

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Saskatchewan -> Budget 2012

Saskatchewan 2012 Budget

Initiatives announced:

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Effective January 1, 2012, the Saskatchewan First-Time Homebuyers Tax Credit will provide a $10,000 non-refundable income tax credit to all first-time homebuyers – creating tax savings of $1,100.  This tax credit will also be available to people with disabilities looking to purchase a home that is more accessible.

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New corporate income tax rebate of 10% of rental income generated from newly constructed multi-unit rental projects, for a period of up to 10 years, to encourage construction of new rental units.

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Effective November 15, 2011, the Provincial Sales Tax exemption on children’s clothing was extended to children under 18, up from age 14.

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Extend the Active Families Benefit to all children under 18.

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Starting 2012, every new Saskatchewan high school graduate will be eligible for a $2,000 credit toward post-secondary tuition - $500 per year for up to four years.

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Further assistance to seniors by increasing Seniors Income Plan benefits by over 40 per cent over the next four years.

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Increasing benefits in the Saskatchewan Assured Income for Disability program.

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A new Seniors Personal Care Home Benefit will subsidize the difference between a senior’s monthly income and the cost of their personal care home space – up to a threshold of $1,800 in 2012, increasing to $2,000 by 2015.

See Saskatchewan 2012-2013 Budget on the SK government website.

 

Revised: September 19, 2017

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