How do I claim the Saskatchewan Home Renovation Tax Credit?

by TurboTax• Updated 10 months ago

The nonrefundable Saskatchewan Home Renovation Tax Credit (HRTC) lets homeowners claim eligible renovation expenses for tax years 2021 and 2022. The maximum amount of eligible expenses that can be submitted is $12,000 for 2021 and $10,000 for 2022. A $1,000 base amount is subtracted from the expenses submitted for the year.

The HRTC can be split between you, your spouse/common-law partner, and your children under 18, but the total amount claimed can’t be over the maximum.

If you earn rental or business income from part of your home, you can only claim the expenses incurred for personal-use areas. Any renovation expenses for common areas must be divided between personal use and income-earning use, so that you only claim the personal-use amount on your return.

To support your claim, you’ll need a receipt or invoice for each eligible expense. You don’t need to submit these with your return, but keep them on hand in case the CRA asks for documentation.

For more information, visit the CRA’s Saskatchewan Home Renovation Expenses webpage.

Who's eligible?

You may be eligible for the Saskatchewan HRTC if:

You had renovations done to a home that you own (alone or with someone else)
You, your spouse/common-law partner, or your children under 18 lived in the home during its renovations

Which expenses can I claim?

Eligible expenses include the cost of:

Labour and professional services
Building materials
Fixtures
Equipment rentals
Permits

The expenses must be for renovations that were:

Made to your principal residence in Saskatchewan
Long-lasting and integral
For tax year 2021:
- Incurred between October 1, 2020, and December 31, 2021
- Largely completed by the end of 2021

For tax year 2022:
- Incurred between January 1, 2021, and December 31, 2022
- Largely completed by the end of 2022

For a longer list of eligible and ineligible expenses, visit the Government of Saskatchewan’s Home Renovation Tax Credit webpage.

Instructions for TurboTax Online

From the menu, select Find and enter provincial tax credits in the search field.
Select Provincial Tax Credits from the search results, then select Go.
On the Your Provincial Profile screen, select the checkbox for Saskatchewan home renovation tax credit, then select Continue.
On the Saskatchewan Home Renovation Tax Credit screen, answer the Yes or No questions, then select Continue.
Enter the details of an eligible expense, then select Add to save your information. Repeat this process for each expense.
Enter any amount claimed by someone else (if applicable), then select Continue.
Proceed until the Here's your Saskatchewan tax and credits summary screen appears. Your credit is now included in the amount next to Saskatchewan non-refundable tax credits.

Instructions for TurboTax Desktop

From the menu, select Find and enter provincial tax credits in the search field.
Select Provincial tax credits profile from the search results, then select Go.
On the Saskatchewan tax credits screen, select the checkbox for Saskatchewan home renovation tax credit, then select Continue.
On the Saskatchewan Home Renovation Tax Credit screen, answer the Yes or No questions, then select Continue.
Enter the details of each eligible expense on the lines provided.
Enter any amount claimed by someone else (if applicable), then select Continue.
Proceed until the Saskatchewan tax and credits summary screen appears. Your credit is now included in the amount next to Saskatchewan non-refundable tax credits.