First-time home buyer programs in Saskatchewan
Saskatchewan gives first-time buyers a provincial tax credit worth up to $1,575, on top of the federal home buyers' amount.
First-time Homebuyers' Tax Credit
- A non-refundable credit of 10.5% of the first $15,000, or $1,575, for homes bought from January 1, 2025.
- Eligibility follows the federal rules: you and your spouse can't have lived in a home you owned in the year of purchase or the four years before, and you must move in within a year.
- Claim it on form SK428 with your tax return. Because it's non-refundable, it only reduces Saskatchewan tax you owe; spouses can share it.
No land transfer tax
Saskatchewan has no land transfer tax. Registering the title costs 0.4% of its value when the value is over $6,300, which our calculator includes.
Federal programs available in every province
- First Home Savings Account (FHSA): contribute up to $8,000 a year, to $40,000 in total, with tax-deductible contributions and tax-free qualifying withdrawals.
- Home Buyers' Plan: withdraw up to $60,000 from your RRSPs and repay it over 15 years.
- GST/HST first-time home buyers' rebate: up to $50,000 of the federal GST on a newly built home, in full up to $1,000,000 and phased out at $1,500,000.
- Home buyers' amount: a federal non-refundable tax credit of $1,500 (15% of $10,000).
- With less than 20% down, first-time buyers can get an insured mortgage with an amortization of up to 30 years.
Estimate your costs in Saskatchewan
The calculator applies the provincial transfer tax or registration fees, with first-time buyer relief where the province offers it, plus default insurance and the monthly payment.
Calculator
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Monthly payment
$2,964.89
On a mortgage of $556,740
Registration fees
$2,400
| Item | Amount |
|---|---|
| Minimum down payment | $35,000 |
| Default insurance | $16,740 |
| Provincial sales tax on the premium (paid at closing) | $1,004 |
| Total interest over amortization | $332,728 |
| Down payment share | 10.0% |
Saskatchewan has no land transfer tax; this is the Land Titles fee to transfer the title. The mortgage registration fee isn't included.
Estimate only, based on the published rules listed below. Lenders, insurers and tax authorities apply their own criteria.
Before you rely on a program
Each figure on this page comes from the government page cited for it. We checked every program against its official page on November 13, 2026, and give the date a rule took effect wherever the government states one. Programs can close, run out of funding or change their limits, so confirm eligibility with the program before you sign an agreement of purchase and sale. Loans must be repaid, and income and price limits apply to the whole household.
Sources
- Financial Consumer Agency of Canada
- CMHC
- Canada Revenue Agency
- Information Services Corporation (Saskatchewan Land Registry)
- Government of Saskatchewan
- Bank of Canada
Rules are summarized in our own words from official publications. Check the source and talk to your lender or a licensed professional before making a decision.
Informational only, not financial advice. Data as of the release snapshot generated 2026-11-14.