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SK Home Renovation Tax Credit for 2021 & 2022
Income Tax Act, 2000 s. 19.11
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:
 | eligible 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
| eligible 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
Revised: September 20, 2024