Moe promises increased first home tax credit, return of home reno credit

REGINA — Saskatchewan Party Leader Scott Moe say if re-elected his party would increase and reintroduce a pair of tax credits designed to help current and prospective homeowners.

Moe says the First-Time Homebuyers Tax Credit would increase to $15,000 from $10,000.

He says the Saskatchewan Party would also reintroduce the Home Renovation Tax Credit, which was a temporary program the government piloted between 2020 and 2022.

That tax credit would allow homeowners to claim up to $4,000 in renovation expenses on their income taxes.

Read More:

• ‘Can’t be complacent’: Sask. housing providers find solutions
• Wash ‘n slosh: Warman laundry room houses hidden speakeasy
• Tax changes you need to know about this year, from home offices to house flipping

May says seniors would be able to claim up to $5,000.

The provincial election is set for Oct. 28.

This report by The Canadian Press was first published Oct. 4, 2024.

The Canadian Press