The nonrefundable Saskatchewan Home Renovation Tax Credit (HRTC) lets homeowners claim between $1,000 and $12,000 in eligible renovation expenses for tax year 2021. The $1,000 base amount is subtracted from your claim.
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 more than $12,000.
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.