Working Draft for:
Preeceville's Main Street with the Mayor Garth Harris for Thursday May 3th, 2018 8:35 am
With GX94's Craig Wallebeck > see him @ http://www.gx94radio.com/craig-Wallebeck
This week we focus on: New Tax Break for Seniors
Released on May 2, 2018
A new tax deferral program has been created to help
Saskatchewan seniors.
The Seniors Education Property Tax Deferral Program, which
opened on April 10, will give Saskatchewan seniors with household incomes under
$70,000 the option to defer the education portion of the property taxes on
their home through a repayable loan.
“This program will provide low-to-moderate-income seniors
with greater financial flexibility, and help them stay in their homes longer,”
Social Services Minister and Minister Responsible for Saskatchewan Housing
Corporation Paul Merriman said. “We are
following through on an election promise and supporting our government’s
priorities and strategies, including The Poverty Reduction Strategy.”
Seniors are eligible for the program if they:
- are 65 years of age or older;
- own and live in their home as their main residence in
Saskatchewan;
- have total household income below $70,000; and
- maintain a minimum of 25 per cent equity in their home.
Seniors can apply at any point in the year to defer their
education property taxes. Approved
applicants will be enrolled in the program for 10 years with the option to opt
out at any point. At the end of the
10-year enrollment period, seniors who would like to continue to defer future
education property taxes can reapply to the program. Seniors remain responsible for the direct and
full payment of their property taxes.
Repayment of the loans must occur when the program clients
sell, transfer, or no longer reside in their homes or when they no longer meet
the conditions of the loan. Clients may
also repay the loan at any time without penalty.
This program is only available for the education property
taxes that are charged for a principal residence. If the senior has a secondary residence,
farmland, or commercial property in addition to the principal residence, they
may only defer the portion of education property taxes for the principal
residence. Only the education property
taxes for the current calendar year may be deferred.
People interested in the program can call 306-787-4177 or
1-800-667-7567 or email repairstaff@gov.sk.ca.
For more information, visit
www.saskatchewan.ca/residents/taxes-and-investments/property-taxes/seniors-education-property-tax-deferral-program
For more information, contact: Leya Moore, Social Services Regina
Phone: 306-787-3610
Email: leya.moore@gov.sk.ca
The Seniors Education Property Tax Deferral Program provides eligible applicants with a repayable loan for the education property taxes for their principal residence.
Events:
- May 5th - Preeceville & District Lioness Club - 30th Anniversary Party - Ladies: Put on the Spring Dresses and Get Dolled Up for a Night Out on the Town! Featuring an X-cessories by Kerry Fashion Show, wine tasting, Hors d'oeuvres, dessert bar & shopping. Get your Passports from X-cessories by Kerry. Starts at 7:00pm at the Preeceville Community Legion Hall.
May 13th - Mother's Day Supper - 4:30 - 7:00 pm at the Preeceville Community Legion Hall. In town and farm deliveries, call/text 306-614-9777 by 4pm on Friday, May 11. Check out Facebook - Town of Preeceville or Preeceville Rec: Supper in the Field contest. Menu: Chicken and baby back ribs.
- May 26th - Community Garage Sale - call our town office for more information.
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- And as always if you wish to have an event promoted visit and post it to our Community Events Calendar at www.townofPreeceville.ca
Follow the Mayor on the town site at http://www.townofpreeceville.ca/default.aspx?page=65&cid=6 follow me on blogspot at http://mayorharris.blogspot.ca/
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