Saskatchewan Secondary Suite Incentive Grant Program

·15 August 2024·Market Trends, News·5 min·

The Saskatchewan Secondary Suite Incentive Grant Program is a provincial initiative designed to encourage the creation of secondary suites, such as basement apartments or carriage houses, in existing homes or new constructions. The program typically provides financial assistance to homeowners or property developers who build or renovate secondary suites to meet certain safety, zoning, and accessibility standards. These suites can help increase the availability of affordable housing in the province, offering more options for renters while allowing homeowners to generate additional income.

Would you like more detailed information or specifics on how to apply?

The Saskatchewan Secondary Suite Incentive (SSI) grant program

The Saskatchewan Secondary Suite Incentive (SSI) grant program is designed to increase the availability of rental units in our communities, improve housing affordability and generate supplementary income for homeowners. The grant program will provide 35 per cent of the total price to construct a new secondary suite at an owner’s primary residence, to a maximum of $35,000 for a qualifying suite.

The benefits of the Saskatchewan Secondary Suite Incentive (SSI) program

The benefits of the Saskatchewan Secondary Suite Incentive (SSI) program include:
  • 1

    Increased Housing Availability: By encouraging the development of secondary suites, the SSI program helps increase the availability of rental units, providing more housing options for residents.

  • 2

    Affordable Housing: Secondary suites often offer more affordable rental options compared to traditional rental properties, helping to address the need for affordable housing in the province.

  • 3

    Additional Income for Homeowners: Homeowners who create secondary suites can generate additional income by renting them out, helping to offset mortgage payments or other expenses.

  • 4

    Improved Property Value: Adding a secondary suite can enhance the value of a property, making it more attractive to potential buyers in the future.

  • 5

    Enhanced Community Living: Secondary suites can support multigenerational living, allowing families to live closer together while maintaining independent living spaces.

  • 6

    Support for Aging in Place: For elderly homeowners, secondary suites can provide a way to remain in their homes longer by renting out part of their property, offering financial stability and the possibility of having family or caregivers nearby.

  • 7

    Economic Growth: The program stimulates local construction and renovation industries by increasing demand for building services and materials.

Eligibility

  1. The SSI grant program provides a grant of 35 per cent of eligible costs to construct a new secondary suite at an owner’s primary residence. The grant amount is capped at a maximum of $35,000 for a qualifying suite.
  2. A qualifying secondary suite is a new separate dwelling unit located on the premises of the owner’s primary residence. For purposes of the SSI, a qualifying suite includes a secondary suite within the residence, or a laneway home, garden suite, or garage suite. Only one secondary suite unit for the owner’s primary residence will be considered for the grant.
  3. A qualifying suite must meet the requirements of a secondary suite according to the National Building Code of Canada and any other applicable national, provincial and municipal bylaws, codes and standards. The homeowner or builder must have received all required permitting and legal approvals necessary for the unit to be used as a rental property; however, the program eligibility criteria will not require verification that the suite has been rented before the grant is paid.
  4. Eligible costs are those incurred from April 1, 2023, to March 31, 2026, that are directly related to the construction or the renovation of an existing space, which results in a new qualifying secondary suite, and includes the cost of standard appliances (i.e. washer, dryer, refrigerator, stove and dishwasher) up to a maximum of $5,000. Examples of eligible costs include engineering and architectural services, materials and contract labour related to construction, interior finishing, electrical, plumbing and mechanical work, and standard appliances. The applicable PST must have been paid on all eligible costs.
  5. The SSI will be administered by the Ministry of Finance, and eligible applicants may access funding through the SSI program alongside existing Saskatchewan incentives, including the expanded Provincial Sales Tax (PST) Rebate for New Home Construction, provided the applicant meets the prescribed eligibility criteria for each program.
  6. The cost of renovating an existing secondary suite or the primary residence are not eligible. Other ineligible costs include minor appliances (e.g. microwaves), draperies, tools and cleaning products.

The SSI program is open to homeowners who construct a new qualifying secondary suite on the premises of their primary residence, with eligible costs incurred from April 1, 2023, to March 31, 2026, to accommodate projects that have already been initiated. Construction of the secondary suite must be completed on or before March 31, 2027, and applications must be received by Finance on or before March 31, 2027.

How to Apply:

When applying for the SSI grant program, please ensure the application form is properly completed and includes all necessary supporting documents and invoices. Construction of the secondary suite must be complete (occupancy certificate or equivalent issued by the municipality) before you apply.

Please review the program overview and application instructions prior to applying, and contact the Ministry of Finance if you have questions.

If you hire a builder, please obtain their federal business number (BN) and PST vendor’s licence number, and record these numbers on the application to assist with processing your application. Homeowners are encouraged to search the Provincial Sales Tax Registry to verify the business holds a valid PST vendor’s licence. If you are assigning payment of the grant to the builder, the Notification of Assignment Form must also be completed.

The party who will receive payment of the grant must complete and submit the direct deposit payment request form (i.e., homeowner or builder) as identified on the application form.

Applications must be received by Finance on or before March 31, 2027.

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