Line 58340 - Home renovation expenses

Line 58340 - Home renovation expenses

You may be eligible for the home renovation tax credit (HRTC) if you met all of the following conditions during the year:

• You owned, alone or jointly with another person, an eligible dwelling

• You or an eligible family member incurred eligible expenses between October 1, 2024, and December 31, 2025, for improvements to your principal residence or the land necessary for the use and enjoyment of that residence

You can claim the amount of eligible expenses that you paid or incurred for your principal residence above $1,000, but not more than $5,000 for a maximum claim of $4,000.

Seniors aged 65 or older

You can claim an additional amount of $1,000 for a maximum claim of $5,000 if you were 65 years of age or older at the end of the year. However, if:

• there are multiple eligible family members, the total of all claims is limited to a maximum of $4,000 unless all eligible family members were 65 years of age or older at the end of the year

• you reached 65 after your date of bankruptcy but before the end of the calendar year, the maximum allowed on your pre-bankruptcy return is $4,000, the maximum allowed on your in- or post-bankruptcy return is $5,000 and the total of all your claims for the year cannot exceed $5,000

• you reached 65 years of age after you emigrate, you can claim a maximum of $5,000 for expenses paid during the part of the year you resided in Canada if the expenses were incurred before you left Canada. You must meet the 90% rule to claim expenses you incurred after you left Canada. The total credit claimed for both periods cannot exceed $5,000

• an individual died during the year before reaching 65 years of age but would otherwise have reached 65 by the end of the calendar year, the maximum allowed is $4,000

The claim for eligible expenses is family based. You can split this claim among eligible family members, but the total amount of your claims cannot be more than the maximum amount allowed.

Eligible family members

For the purposes of this credit, an eligible family member is:

• you or your spouse or common-law partner

• your or your spouse or common-law partner's child under the age of 18 at the end of the year (other than a child who, at any time during the eligibility period was married, was in a common-law relationship, or had a child)

Eligible dwellings

Eligible dwellings can include:

• houses

• cottages

• condominium units

• a housing unit or share of capital stock in co-operative housing corporation 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 maximum amount allowed.

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 expenses

Eligible expenses are expenditures of an enduring nature and must be integral to the home or land. Some examples of eligible expenses include:

• renovating a kitchen, bathroom, or basement

• installing a carpet or hardwood floors

• building an addition, garage, deck, garden or storage shed, or fence

• re-shingling a roof

• installing a new furnace, woodstove, boiler, fireplace, water softener, or water heater

• installing a new driveway or resurfacing a driveway

• painting the interior or exterior of a house

• installing window coverings directly attached to the window frame and whose removal would alter the nature of the dwelling

• laying new sod

• installing permanent swimming pools (in-ground or aboveground)

• installing fixtures (lights, fans, etc.)

• incurring associated costs such as permits, professional services, equipment rentals & incidental expenses

Expenses that are not eligible

Annual, recurring, or routine repair, maintenance, or service expenses are not eligible. These include:

• furniture, appliances, and hot tubs

• audio and visual electronics

• purchasing of tools

• cleaning carpets

• house cleaning

• maintenance contracts (for example, furnace cleaning, snow removal, lawn care, and pool cleaning)

• financing costs

Bankruptcies in 2025

If you were bankrupt in 2025, 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 amount 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).

Supporting documents

If you are filing a paper return, attach your completed Schedule SK(S12), but do not send your other documents.

Keep them in case you are asked to provide them later.

These documents may include receipts or invoices from the vendors or contractors.

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