Saveway Tax Services Ltd.

Home Renovation Tax Credit

The Saskatchewan Home Renovation Tax Credit has been re-introduced for the 2025 and subsequent taxation years.

'Under this non-refundable tax credit, Saskatchewan homeowners may save up to $420 annually in provincial income tax by claiming a 10.5 per cent tax credit on up to $4,000 of eligible home renovation expenses. Eligible expenses include the cost of labour and professional services, building materials, fixtures, equipment rentals, and permits. Seniors may save up to $525 annually based on maximum eligible home renovation expenses of $5,000.'

Saveway Tax Services will be CLOSED Monday, February 16 for Family Day.
Have a wonderful day!

The new tax season is quickly approaching!

As is the case every year, Canada Revenue Agency is currently converting its internal systems in preparation for the new tax filing season. The EFILE system (permitting electronic transmission of 2025 personal tax returns) will re-open on Monday, February 23, 2026.

Although the launch date is again in the latter part of the month this year, we can still commence preparing your tax return prior to February 23 if you have received and assembled all necessary documentation.

Our extended business hours during the busy personal tax filing season are as follows:

February 23 to April 30
Monday to Friday: 8:30 a.m. to 6:00 p.m. (or later)
Saturday: 9:00 a.m. to 5:00 p.m. (commencing February 28)

We would like to share our wishes for a joyful holiday season leading into a healthy and prosperous new year.

We wish you all the very best! We continue to be extremely grateful for your support.

Happy Holidays from Saveway Tax Services

Saveway Tax Services will be CLOSED Monday, February 17 for Family Day.

Enjoy the day!

What? Already? Seriously? – Yes, tax season is upon us!!!

As is the case every year, Canada Revenue Agency is currently converting its internal systems in preparation for the new tax filing season. The EFILE system (permitting electronic transmission of 2024 personal tax returns) will re-open on Monday, February 24, 2025.

Although the launch date is a full week later this year, we can still commence preparing your tax return prior to February 24 if you have received and assembled all necessary documentation.

Our extended business hours during the busy personal tax filing season are as follows:

February 24 to April 30
Monday to Friday: 8:30 a.m. to 6:00 p.m. (or later)
Saturday: 9:00 a.m. to 5:00 p.m. (commencing February 22)

We at Saveway Tax Services would like to take this opportunity to wish each and all a wonderful holiday season. May the coming days bring you joy, excitement, and… hopefully some rest!

We wish you all the very best!!!

Happy Holidays from Saveway Tax Services

The new tax season is quickly approaching!

As is the case every year, Canada Revenue Agency is currently converting its internal systems in preparation for the new tax filing season. The EFILE system (permitting electronic transmission of 2023 personal tax returns) will re-open on Monday, February 19, 2024.

Saveway Tax Services will be OPEN Monday, February 19 for Family Day.

Our extended business hours during the busy personal tax filing season are as follows:

February 19 to April 30
Monday to Friday: 8:30 a.m. to 6:00 p.m. (or later)

Saturday: 9:00 a.m. to 5:00 p.m. (commencing February 24)

Happy Holidays from Saveway Tax Services.

We wish you all the very best in coming new year!

(Proposed) Elimination of UHT Filing Requirements for Certain Owners, But Not for the 2022 Calendar Year.

As originally devised, exemptions from the Underused Housing Tax (UHT) could be claimed by specified Canadian corporations, partners of a specified Canadian partnership and trustees of a specified Canadian trust. However, to claim the exemption, these individuals or corporations must file a UHT return to avoid a penalty even though no tax is payable under an exemption. Changes to UHT compliance obligations have been proposed in the federal government’s 2023 Fall Economic Statement released on November 21, 2023. It is proposed that these individuals and corporations will be considered ‘excluded owners’ and will not have to file the UHT return for the 2023 and subsequent years.

However, please note that the proposed expansion of the definition of excluded owners does not currently apply to the 2022 calendar year. Affected owners must still file by April 30, 2024 for the 2022 calendar year.

As previously posted, please keep in mind that the Underused Housing Tax Return and Election Form is an altogether separate filing to the yearly Income Tax and Benefit Return.

Explanatory Notes to Legislative and Regulatory Proposals Relating to the Underused Housing Tax Act:

Explanatory Notes to Legislative and Regulatory Proposals Relating to the Underused Housing Tax Act Department of Finance Canada - Draft legislation