Saskatchewan Home Renovation Expenses

The Saskatchewan Home Renovation Tax Credit (HRTC) allows home owners to claim a non-refundable tax credit on qualifying home renovation expenses.

On this page

• How much you can claim
• Eligibity
  • Who the credit is for
  • When costs were incurred
  • Eligible property types
  • Eligible and ineligible renovation expenses
  • Expenses paid to a relative
• How to claim this amount
  • Keep your receipts and other documentation

How much you can claim

The Saskatchewan Home Renovation Tax Credit helps offset the cost of home renovations. You can claim renovation costs over $1,000, and up to:

• $12,000 for the 2021 tax year
• $10,000 for the 2022 tax year

You can claim the amount of eligible expenses that you paid or incurred for your principal residence above $1,000, but not more than $10,000 for a maximum claim of $9,000. That means, the base amount of $1,000 is subtracted from your claim, if your costs were $10,000, you would claim $9,000.

The claim for eligible expenses is family-based. The claim can be split among eligible family members, but the total amount claimed cannot exceed the maximum allowable

Eligibility

Who the credit is for

The credit is available to people who renovated their principal residence located in Saskatchewan.

You may be eligible for this credit if you met all of the following conditions during the year:

• You owned an eligible dwelling
• You or an eligible family member incurred eligible expenses between January 1, 2022, and December 31, 2022, for improvements to your principal residence or the land necessary for the use and enjoyment of that residence

You or your family must have lived at the residence during the time of the renovation.

For the purposes of this credit, a eligible family member includes:

• an individual
• a spouse or common-law partner
• their children who were under 18 years of age at the end of the year and are not a parent, married or in a common-law relationship

More than one family member can claim credits separately. Eligible expenditures not claimed by one family member can be claimed by another family member. The total amount claimed by all family members can not exceed the maximum of $12,000 for 2021 or $10,000 for 2022.

Special conditions

Joint ownership

If you shared a principal residence with other families (when two or more families share the ownership of an eligible dwelling), each family can claim a separate credit based on their respective eligible expenses. The maximum amount of eligible expenses is applied to each family making the claim.

Owning a share in a co-operative housing corporation

You can also claim the credit if you do not own the property you renovated, but you own a share of the capital stock of a co-operative housing corporation. To qualify, you must have acquired the share solely to get the right to live in the housing unit owned by that corporation.

When costs were incurred

Renovations must have been carried out and largely completed during the tax year when they are claimed.

For the 2021 tax year, you must have incurred qualified expenses between:

• October 1, 2020 and December 31, 2021

For the 2022 tax year, you must have incurred qualified expenses between:

• January 1, 2022 and December 31, 2022

Eligible property types

To be eligible, a dwelling must be your principal residence in Saskatchewan. More than one dwelling may be eligible if your principal residence changed during the year, but the total of the eligible expenses cannot exceed the allowable maximum.

Eligible dwellings can include:

• houses
• cottages
• condominium units
• a housing unit or share of capital stock in co-operative housing corporation

Special conditions

Condominiums and co-operative housing corporations

You can claim the credit for:

• eligible expenditures incurred to renovate the unit that is your principal residence
• expenses from your share of the cost of eligible expenditures incurred in common areas

Properties used for business or rental income

If you earn business or rental income from part of your principal residence, you can claim:

• the full cost of renovations to areas used only for personal use
• a portion of costs for renovations to areas that benefit the property as a whole (for example, re-shingling a roof) equal to the proportion used for personal use only

Eligible and ineligible renovation expenses

Eligible expenditures must be incurred in relation to a renovation or alteration of your eligible dwelling. This can include land that forms part of the eligible dwelling. The renovation or alteration must be:

• of an enduring nature
• integral to the eligible dwelling

You can claim expenses for costs of materials as well as the cost of hiring others to do the work (such as electricians, plumbers, carpenters, or architects).

Be sure to keep your receipts and other documentation.

You can claim the credit for:

Window coverings

To qualify for the credit, window coverings must have become part of the home.

This can include:

• blinds
• shutters
• shades

The coverings must be directly attached to the window frame, so that removing them would alter the nature of the dwelling. They would then be considered to be fixtures, and so qualify for the Home Renovation Tax Credit.

Draperies and curtains generally would not qualify for the credit. However they may qualify if they would not keep their value or usefulness if installed in another dwelling.

Expenses paid to a relative

Expenses are not eligible if the goods or services are provided by a person related to you, unless that person is registered for the Goods and Services Tax/Harmonized Sales Tax (GST/HST) under the Excise Tax Act.

If your family member is registered for GST/HST and if all other conditions are met, the expenses are eligible for the Home Renovation Tax Credit.

Were you bankrupt in 2022?

If you were bankrupt in 2022, you can claim the HRTC on your pre or post-bankruptcy return, based on when the eligible expenses were incurred. However, the total expenses claimed cannot be more than the maximum allowed.

How to claim this amount

Complete Schedule SK(S12), Saskatchewan Home Renovation Tax Credit.

Enter, on line 58340 of your Form SK428, the amount from line 5 of your Schedule SK(S12).

Keep your receipts and other documentation

Keep track of your expenses during the renovation and keep a copy of acceptable documentation, such as agreements, invoices, and receipts. They must clearly identify dates, costs, and the type and quantity of goods purchased or services provided. For example:

• information that clearly identifies the vendor or contractor, their business address and, if applicable, the GST/HST registration number
• a description of the goods and the date when the goods were purchased
• the date when the goods were delivered (keep your delivery slip as proof) and/or when the work or services were performed
• a description of the work performed including the address where the work was performed
• the amount of the invoice
• proof of payment (receipts and invoices) – invoices must indicate “paid” or be accompanied by other proof of payment, such as a credit card slip or cancelled cheques
• a statement from the co-operative housing corporation or condominium corporation signed by an authorized individual. This statement should clearly identify the following information:
  • the amounts incurred for the renovation or alteration work
  • as a condominium owner, your portion of those expenses if the work is performed on common areas of the condominium
  • information that clearly identifies the vendor or contractor, their business address and, if applicable, their GST/HST registration number
  • a description of the work performed and the dates when the work or services were performed.

You do not have to include the documentation with your claim, but keep your supporting documents in case you are asked to provide them later.

Related topics

• Saskatchewan Information Guide - Line 58340 - Home renovation Expenses