Saskatchewan -> Budget 2012
Saskatchewan 2012 Budget
Initiatives announced:
- Effective January 1, 2012, the Saskatchewan First-Time Homebuyers Tax Credit will provide a $10,000 non-refundable income tax credit to all first-time homebuyers – creating tax savings of $1,100. This tax credit will also be available to people with disabilities looking to purchase a home that is more accessible.
- New corporate income tax rebate of 10% of rental income generated from newly constructed multi-unit rental projects, for a period of up to 10 years, to encourage construction of new rental units.
- Effective November 15, 2011, the Provincial Sales Tax exemption on children’s clothing was extended to children under 18, up from age 14.
- Extend the Active Families Benefit to all children under 18.
- Starting 2012, every new Saskatchewan high school graduate will be eligible for a $2,000 credit toward post-secondary tuition - $500 per year for up to four years.
- Further assistance to seniors by increasing Seniors Income Plan benefits by over 40 per cent over the next four years.
- Increasing benefits in the Saskatchewan Assured Income for Disability program.
- A new Seniors Personal Care Home Benefit will subsidize the difference between a senior’s monthly income and the cost of their personal care home space – up to a threshold of $1,800 in 2012, increasing to $2,000 by 2015.
See Saskatchewan 2012-2013 Budget on the SK government website.
Revised: October 26, 2023