NDP Leader Cam Broten continued his focus on making life more affordable Friday, with a commitment to give seniors the option of deferring their property taxes.
“Many seniors own their homes, but they live on fixed incomes that don’t give them a lot of breathing room to pay their bills,” said Broten. “Giving seniors the choice to defer their property taxes will free up thousands of dollars for them every year.”
Broten’s plan – open to homeowners aged 65 and older, with at least 25 per cent equity in their home – will allow seniors to defer all or part of their property taxes through a low-interest home equity loan from the provincial government. The loans only need to be repaid when the home is sold.
“Seniors have often spent many years creating memories and building equity in their homes, so I want to make it easier for them to stay living there for as long as they want,” said Broten.
“Supporting seniors and helping make life more affordable is an important part of my plan to build a stronger, fairer and kinder Saskatchewan.”
Broten has also committed to deliver more affordable utility rates and deliver an income tax cut to 70 per cent of Saskatchewan households.