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Home   ->  Saskatchewan  -> Home Renovation Tax Credit

SK Home Renovation Tax Credit 2025 and 2026

Income Tax Act, 2000 s. 19.12 - for 2025 and 2026

This non-refundable tax credit was available for 2021 and 2022, reintroduced for 2025 by Saskatchewan's Bill 30, The Saskatchewan Affordability Act which received Royal Assent December 10, 2024.

This tax credit is available to all homeowners.  It is not just for seniors or those with disabilities.

The non-refundable home renovation tax credit can be claimed on the 2025 and 2026 personal income tax returns, for eligible expenses in excess of a $1,000 base amount each year.

On 2025 tax return:

bulleteligible expenses incurred between October 1, 2024 and December 31, 2025 can be claimed, to a maximum of $5,000, which would provide a maximum tax credit of $4,000 x 10.5%, or $420. 

On 2026 tax return

bulleteligible expenses incurred in 2026 can be claimed, to a maximum of $5,000, which would provide a maximum tax credit of $4,000 x 10.5%, or $420.

The maximum is increased to $6,000 for individuals who have attained the age of 65 before the end of the taxation year. This would provide a maximum credit of $5,000 x 10.5%, or $525.

See Saskatchewan's Home Renovation Tax Credit information.

SK Home Renovation Tax Credit 2021 and 2022

Income Tax Act, 2000 s. 19.11 - for 2021 and 2022

Saskatchewan's Bill 1, The Income Tax (Strong Recovery Home Renovation Tax Credit) Amendment Act, 2020, which received Royal Assent on Dec 10, 2020, created a Home Renovation Tax Credit.

This tax credit is available to all homeowners.  It is not just for seniors or those with disabilities.

The non-refundable home renovation tax credit can be claimed on the 2021 and 2022 personal income tax returns, for eligible expenses in excess of a $1,000 base amount each year.

On 2021 tax return:

bulleteligible expenses incurred between October 1, 2020 and December 31, 2021 can be claimed, to a maximum of $12,000, which would provide a maximum tax credit of $11,000 x 10.5%, or $1,155

On 2022 tax return

bulleteligible expenses incurred in 2022 can be claimed, to a maximum of $10,000, which would provide a maximum tax credit of $9,000 x 10.5%, or $945.

Government of Saskatchewan Resources

Home Renovation Tax Credit

Revised: January 13, 2025

 

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