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If you earn rental or business income from part of your eligible dwelling, you can only claim the amount for expenses incurred for the personal-use areas of your dwelling.The maximum total of qualified expenditures that you can claim is $20,000. If you sell and purchase an eligible dwelling during the eligibility period, qualified expenses that you incur for both dwellings will be eligible (however, each dwelling must have been your permanent residence at the time the renovations occurred).Eligible family members include you and your spouse or common-law partner and you or your spouse/common-law partner's children who are under 18 years of age at the end of 2021. The tax credit can be split among eligible family members, but the total amount claimed cannot exceed the maximum allowable.Total qualified expenses incurred between January 1, 2022, and December 31, 2022, in excess of $1,000 (base amount), but not more than $10,000, can be claimed on your 2022 tax return (maximum claim of $9,0).

Total qualified expenses incurred between October 1, 2020, and December 31, 2021, in excess of $1,000 (base amount), but not more than $12,000 can be claimed on your 2021 tax return (maximum claim of $11,0).

Land of one-half hectare or 1.24 acres, including the land upon which your housing unit stands and any portion of the adjoining land, will generally be considered part of your eligible dwelling for purposes of this tax credit.Ĭlaim the credit on your 2021 and/or 2022 personal income tax returns:

In general, renovations must be of an enduring nature and integral to the dwelling or to the land that forms part of the dwelling.

You, your current or former spouse or common-law partner, or any of your or your spouse/common-law partner's children must ordinarily inhabit the housing unit during the eligibility period.

At the time of the renovation(s), you must own, alone or jointly with another person, the housing unit (or share of the capital stock of a co-operative housing corporation that you acquired solely for the right to inhabit the housing unit owned by that corporation).

The renovation must be substantially completed by December 31, 2022.

Renovation expenses must be incurred between October 1, 2020, and December 31, 2022.

Renovations must be to your principal residence, which must be located in Saskatchewan.

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#Business moving expenses tax deduction 2021 portable#

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#Business moving expenses tax deduction 2021 professional#

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#Business moving expenses tax deduction 2021 free#

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