Saskatchewan Party outlines new home renovation tax credit as first election promise

a man wearing a suit and tie

© Provided by The Canadian Press

SASKATOON — Saskatchewan Party Leader Scott Moe is promising to bring in a new tax credit for home renovations if his party is re-elected.

Moe says he believes the credit would help drive the economy and make renovations more affordable — key themes of his campaign for the Oct. 26 vote.

Homeowners would be able to claim about 11 per cent on up to $20,000 worth of renovation-related expenses between Oct. 1 and the end of 2022.

The Saskatchewan Party says the credit would save people up to $2,100 and cost the province $124 million over two years.

Moe says the credit would benefit the economy by encouraging people to spend money and hire for building.

He made the announcement in Saskatoon, one of the cities considered an election battleground.

More specifically, he was in the NDP-held constituency of Saskatoon Riversdale along with the party’s candidate.

That seat belonged to former NDP premiers Roy Romanow and Lorne Calvert and was won by the New Democrats in the 2016 election, but by less than 250 votes.

Moe has said he believes the Saskatchewan Party connects with urban voters, despite losses in recent byelections and some narrow victories in 2016.

NDP Leader Ryan Meili was also to be in Saskatoon for an announcement about taxes before travelling to Prince Albert to talk about health and infrastructure.

This report by The Canadian Press was first published Sept. 30, 2020

The Canadian Press

Source Article