As the 2004–05 lockout led to the cancellation of the season, Kiprusoff chose to play in Sweden. He played 41 games for Timrå IK, recording five shutouts and a 2.14 GAA. He remained a top goaltender for Calgary when NHL play resumed in 2005–06, breaking Mike Vernon's franchise record when he recorded his 40th win of the season against the Minnesota Wild on April 8, 2006. He was not only touted as the top goaltender in the League, but also argued to be a candidate for the Hart Memorial Trophy as the most valuable player in the NHL. Finishing the season with a 42–20–11 record and a team-record 10 shutouts, he was named a first team all-star and awarded the Vezina Trophy, as well as the William M. Jennings Trophy for being the goaltender on the team that gave up the fewest goals in during the season. He was also named a finalist for the Hart, though the award was won by Joe Thornton.