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Saskatchewan Health Research Foundation Align Grant
The SHRF Align Grant aims to enable a diverse and connected research community in Saskatchewan that is well-positioned to receive peer-reviewed funding and conduct impactful research aligned with Saskatchewan stakeholder needs.
Saskatchewan Critical Minerals Innovation Incentive (SCMII)
The Saskatchewan Critical Minerals Innovation Incentive (SCMII) offers transferable Crown royalty/freehold production tax credits for qualified innovation commercialization projects at a rate of 25 per cent of eligible projects costs. The SCMII targets a broad range of innovations deployed across all segments of Saskatchewan’s aluminum, cobalt, copper, gallium, helium*, lithium*, magnesium, nickel, rare earth elements and zinc industries.
Saskatchewan Commercial Innovation Incentive (ICII)
The Saskatchewan Commercial Innovation Incentive (ICII) is a new growth tax incentive that offers eligible corporations a reduction of the provincial Corporate Income Tax (CIT) rate to 6%, for a period of 10 years. A first of its kind in North America “patent box” style tax incentive, the SCII program is open to a wide variety of eligible intellectual property (IP) types, including patents, plant breeders’ rights, trade secrets and copyrights (computer programs and algorithms).
Product Development Program
The Product Development Program provides funding for prototype and product development services to food, beverage and other agri-processing value-added companies. The client will work with the Food Centre to determine which service provider is most appropriate to provide the prototype and product development services.
Oil Infrastructure Investment Program (OIIP)
The Oil Infrastructure Investment Program (OIIP) offers transferable oil and gas royalty/freehold production tax credits for qualified projects at a rate of 20 per cent of eligible project costs.
Oil and Gas Processing Investment Incentive (OGPII)
The Oil and Gas Processing Investment Incentive (OGPII) offers transferable oil and gas royalty/freehold production tax credits for qualified innovation commercialization projects at a rate of 25 per cent of eligible project costs.
Manufacturing and Processing Profits Tax Reduction
The Manufacturing and Processing Profits Tax Reduction, reduces the Saskatchewan Corporation Income Tax (CIT) rate by as much as 2% points on Canadian manufacturing and processing profits, as reported on the federal T2 CIT return. Saskatchewan-based firms with a high allocation of income to Saskatchewan will receive a larger tax reduction than firms with a low allocation of income.
Manufacturing and Processing (M&P) Exporter Tax Incentives
The Manufacturing and Processing (M&P) Exporter Tax Incentives provide non-refundable tax credits to eligible corporations that expand the number of M&P-related full-time employees above the number that were employed in 2014. The M&P Exporter Tax Incentive will also provide non-refundable tax credits to eligible corporations that expand the number of their full-time employees who primarily conduct activities that are typically considered to be “head office” functions. This portion of the incentive will offer an eligible business non-refundable tax credits equal to $10,000 in respect of each incremental full-time “head office” employee for each of the 2015 through 2022 taxation years.