The home renovation tax credit is available for Saskatchewan residents making renovations to their principal residence in 2025. Renovation expenses incurred between October 1, 2024 and December 31, 2025 may qualify for the credit.
The non‑refundable 10.5% credit applies to eligible home renovation expenses exceeding $1,000 and is capped at $5,000 of claimable expenses, resulting in a maximum tax savings of $420. Seniors are eligible for up to $6,000 in expenses for a maximum credit of $525.
This tax credit is administered by the Canada Revenue Agency (CRA) as part of the Saskatchewan personal income tax system beginning with the 2025 taxation year. The tax credit can be claimed through your annual tax return.
To Qualify for the Home Renovation Tax Credit:
- Renovations must be made to a principal residence, which must be located in Saskatchewan.
- Eligible renovation expenses need to be incurred on or after October 1, 2024.
- At the time of the renovation, you must own, either solely or jointly, the housing unit (or a share of the capital stock of a co-operative housing corporation that grants them the sole right to inhabit the unit owned by the corporation).
- You, your current or former spouse or common-law partner, or any of your spouse/common-law/partner’s children must ordinarily inhabit the housing unit during the eligibility period.
- In general, renovations should be of an enduring nature and integral to the dwelling or the land forming part of the dwelling. Land of one-half hectare (1.24 acres), including the land upon which the housing unit stands and any portion of the adjoining land, will generally be considered part of the eligible dwelling.
Documentation:
Eligible expenses must be supported by receipts or invoices and proof of payment. The documents should clearly identify:
- The vendor/contractor, including business address (if applicable) and their GST/HST registration number
- The type and quantity of goods purchased and/or services provided
- The dates when the goods and/or services were purchased or delivered
What Qualifies & What Doesn’t:
Items such as furniture, appliances, and routine maintenance don’t qualify, but flooring, landscaping, and furnace and air conditioner replacements do. For an extensive list of what does and does not qualify, visit the Government of Saskatchewan page here.
If you have any questions, please reach out to your Virtus Group advisor or fill in the form below.
