Strong Recovery
A re-elected Saskatchewan Party government will introduce a new Saskatchewan Home Renovation Tax Credit to make the cost of home renovations more affordable.
Under the new Saskatchewan Home Renovation Tax Credit, homeowners will be able to claim a 10.5 per cent tax credit on up to $20,000 of eligible home renovation expenses incurred between October 1, 2020 and December 31, 2022, saving them up to $2100. Between the Saskatchewan Party Government's PST reduction on new home construction and the new Home Renovation Tax Credit, construction activity will increase in the province and help drive Saskatchewan's economic recovery.
A re-elected Saskatchewan Party government will introduce a one-year 10 per cent rebate on electricity charges on power bills for all SaskPower customers as part of the Saskatchewan Party's plan to support Saskatchewan's economic recovery from COVID-19 and make life more affordable for Saskatchewan people.
The 10 per cent rebate on the electrical charge on customer's SaskPower bills will come into effect on customer's December 2020 bills. Customers will receive monthly savings on their bills for 12 months starting in December 2020.
A re-elected Saskatchewan Party government will introduce a three-year reduction to the small business tax rate, as part of the Saskatchewan Party's plan to support Saskatchewan's economic recovery from COVID-19.
The small business tax reduction will benefit about 31,000 incorporated Saskatchewan small businesses, saving them over $189 million in provincial taxes over the next three years – an average savings of over $6,100 per Saskatchewan small business.