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How much can we use for the sk home reno credit? The form is defaulting to 9,000 but I spent over 20,000 last year in reno's
October 29, 2023
11:24 AM
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Getting started
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.
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October 30, 2023
12:27 PM