Saskatchewan offers tax breaks to help residents reduce their provincial income tax burden. These tax breaks come in the form of credits, but unlike refundable credits which can provide a tax refund, non-refundable credits only reduce the amount of provincial tax owed. Here’s a closer look at the currently available non-refundable tax credits specifically for Saskatchewan residents:
Home Renovation Tax Credit
This credit allows Saskatchewan homeowners to save up to $2,100 in provincial income tax by claiming a 10.5% tax credit on up to $20,000 of eligible home renovation expenses
