Investing in Saskatchewan
The economic forecast continues to look impressive for Saskatchewan in 2011. All of the major Canadian economic development forecasting groups (Conference Board of Canada, RBC, CIBC, TD, Scotiabank and BMO) predict that Saskatchewan’s GDP will increase from 3% to 5.5% in 2011.
Why Invest in Saskatchewan
- Saskatchewan is a commodity rich province with an abundance of natural resources and value-added industries;
- Saskatchewan experienced continued economic growth in 2010
- New capital investment in Saskatchewan expected to exceed $15 billion in 2010 for the first time ever.
- Saskatchewan’s government has worked to create a stable economic environment supportive of business and commerce.
- Saskatchewan is weathering the world economic storm, although it has felt the effects.
- The province is a low-cost and competitive jurisdiction.
- Saskatchewan offers excellent infrastructure with ongoing government reinvestment.
- There is a high capability here for innovation across a range of industries, and at lower cost than the U.S. and Europe.
- The province has an availability of natural resources for resource-seeking foreign direct investment (FDI), with excellent infrastructure, financial stability and regulatory environment.
- Saskatchewan is Canada’s largest exporter and recipient of FDI per capita. The province may be small, but it has international reach.
- Competitive Taxation
- Nationally competitive tax rates (one of the lowest rates in Canada)
- Manufacturers and Processors Benefit from Investment Tax Credit
- Manufacturers and Processors Profits Tax Reduction
- Scientific Research and Experimental Development (SR&ED) Tax Credit
For further information, please visit www.enterprisesaskatchewan.ca/InvestingSask