Google Translate Disclaimer

A number of pages on the Government of Saskatchewan`s web site have been professionally translated in French. These translations are identified by a yellow text box that resembles the link below and can be found in the right hand rail of the page. The home page for French-language content on this site can be found here:

Renseignements en Français

Where an official translation is not available, Google™ Translate can be used. Google™ Translate is a free online language translation service that can translate text and web pages into different languages. Translations are made available to increase access to Government of Saskatchewan content for populations whose first language is not English.

The results of software-based translation do not approach the fluency of a native speaker or possess the skill of a professional translator. The translation should not be considered exact, and may include incorrect or offensive language Government of Saskatchewan does not warrant the accuracy, reliability or timeliness of any information translated by this system. Some files or items cannot be translated, including graphs, photos, and other file formats such as portable document formats (PDFs).

Any person or entities that rely on information obtained from the system does so at his or her own risk. Government of Saskatchewan is not responsible for any damage or issues that may possibly result from using translated website content. If you have any questions about Google™ Translate, please visit: Google™ Translate FAQs.

First Time Home Buyers Tax Credit

The First-Time Homebuyers' Tax Credit is a provincial non-refundable income tax credit of up to $1,075 to eligible taxpayers on qualified homes. To claim this tax credit on your Saskatchewan income tax return use Form SK428, available from the Canada Revenue Agency.

  • The First-Time Homebuyers’ Tax Credit provides a provincial non-refundable income tax credit to eligible first-time homebuyers.
  • Eligible homebuyers acquiring qualified homes after December 31, 2011 will be able to claim the personal income tax credit.
  • This income tax measure provides a provincial non-refundable income tax credit of $1,075 to eligible taxpayers, determined by applying the provincial tax credit rate of 10.75% to the first $10,000 of an eligible home purchase.  A similar federal non-refundable income tax credit of $750, determined by applying the federal tax credit rate of 15% to the first $5,000 of an eligible home purchase, is also available.
  • Eligibility rules mirror those of the existing federal tax credit. Under the federal rules, an eligible individual acquiring the home (and, if applicable, the spouse or common law partner jointly purchasing the home) must not have previously owned another home during the calendar year in which the home was purchased or in any of the previous four years.
  • The individual and/or spouse/common law partner must occupy the home within one year of purchase.
  • By following the federal rules, a qualifying home is either a new or existing home located in Saskatchewan that is eligible for the federal Home Buyers’ Plan where home purchasers are permitted to withdraw funds from their RRSPs to finance the home purchase. Qualifying homes include single-family houses, semi-detached houses, townhouses, mobile homes, condominium units and apartments in multi-unit houses or apartment buildings.  However, if you received a loan through the Graduate Retention Program First Home Plan, then you may not claim the Saskatchewan First-Time Home Buyers’ tax credit.
  • Saskatchewan matches the federal rules for extending tax credit eligibility to the acquisition of homes that are more accessible or functional for people with disabilities.
  • If you purchase a home during the 2017 calendar year, claim the tax credit on the 2017 Saskatchewan income tax return, which is filed in the spring of 2018.
  • The non-refundable nature of the tax credit means that you must be subject to Saskatchewan income tax to benefit from the tax credit. However, you can share the tax credit with a spouse or common law partner, if applicable.

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