First-Time Home Buyer Incentives in Saskatchewan 2024

This Page's Content Was Last Updated: April 2, 2024
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Saskatchewan First-Time Home Buyer Incentive

The Government of Saskatachewan’s First-Time Homebuyers’ Tax Credit provides a non-refundable tax credit of up to $1,050. On the provincial income portion, the tax credit amount is 10.5% of the home purchase price up to $10,000 of the home purchase price, which gives a provincial tax credit of up to $1,050. For the federal income portion, the tax credit is 15% of up to $5,000 of the home purchase price, which gives a federal tax credit of up to $750.

Both new and existing/resale homes are eligible. To qualify, you must occupy the home within one year.

Saskatchewan First Home Plan - Graduate Retention Program

Note: The First Home Plan has ended.

Saskatchewan’s Graduate Retention Program provides rebates of up to $20,000 on tuition fees for graduates who live in Saskatchewan. Saskatchewan's First Home Plan allowed graduates to use up to $10,000 of their Graduate Retention Program tax credits as a down payment towards their first home. The First Home Plan is no longer available.

Saskatoon Mortgage Flexibilities Support Program

Note: The Mortgage Flexibilities Support Program has ended.

The City of Saskatoon’s Mortgage Flexibilities Support Program helped homeowners with a 5% down payment grant towards select entry-level housing properties. Your household income must be lower than $88,635, or lower depending on your household. This down payment support program is no longer available.

The calculators and content on this page are provided for general information purposes only. WOWA does not guarantee the accuracy of information shown and is not responsible for any consequences of the use of the calculator.