First Time Home Buyer Incentives in Saskatchewan 2023

This Page's Content Was Last Updated: June 27, 2022
WOWA Trusted and Transparent

First Time Buyer Calculator Saskatchewan

I live in the city of Saskatoon
Best 5-Year Fixed Mortgage Rates in Canada CanadaLeaf
Mortgage Term:
Calculate Your Mortgage Payment
Home Price
Interest Rate
Goverment Incentive Option
To learn more about your mortgage payment, try our Mortgage Payment Calculator.
Your Monthly Payment
Mortgage Amount
(Incl. CMHC Premium)

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

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.

Saskatoon Mortgage Flexibilities Support Program

The City of Saskatoon’s Mortgage Flexibilities Support Program helps 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.

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.