New Tax Credit Makes Home Renovations More Affordable | News and Media
Released on December 3, 2020
Legislation for the new Saskatchewan Home Renovation Tax Credit was introduced today, fulfilling the government’s first commitment in the recent election campaign.
“This new tax credit will make the cost of home renovations more affordable and will help drive Saskatchewan’s economic recovery,” Deputy Premier and Finance Minister Donna Harpauer said. “It’s part of our government’s plan for a strong recovery and a strong Saskatchewan.”
Under this non-refundable tax credit, Saskatchewan homeowners may save up to $2,100 in provincial income tax by claiming a 10.5 per cent tax credit on up to $20,000 of…Continue Reading