An industry on the rise

The Saskatoon Region’s manufacturing sector is a dynamic and integral part of the local economy, driving innovation and creating high-quality products for global markets.

From advanced machinery and equipment to consumer goods, the Region boasts a diverse manufacturing landscape. Leveraging state-of-the-art technology and a skilled workforce, manufacturers in the Saskatoon Region are known for their efficiency, quality, and competitiveness.

This sector’s robust growth and adaptability ensure its pivotal role in supporting the Region’s economic vitality and global trade.

Our workforce

We know that from people and potential comes prosperity. Our talent pool is eager, qualified, and highly employable with a prairie work ethic recognized around the world.

Notable Saskatoon Region Companies

The Saskatoon Region’s commitment to innovation ensures that businesses continue to lead in manufacturing excellence, contributing significantly to the national and global economy.

At a glance

42.6%

growth

Saskatoon’s manufacturing sector has grown by 42.6%

9.3%

of total GDP

Saskatoon Region’s manufacturing sector accounted for 9.3% of GDP

125

businesses exporting

Saskatoon Region had 125 exporters of manufactured goods

31.1%

of total exporting businesses

Saskatoon Region’s manufacturing exporters accounted for 31.1% of total exporting businesses

21.9%

of total exports

Saskatoon Region’s manufacturing exports accounted for 21.9% of total exports

Business Incentives

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Saskatchewan Investment Tax Credit (ITC) for Manufacturing and Processing (M&P)

The Saskatchewan Investment Tax Credit (ITC) for Manufacturing and Processing (M&P) is available to manufacturing and processing corporations filing a T2 CIT return with some allocation of taxable income to Saskatchewan. This is a refundable tax credit designed to encourage plant and equipment investment for M&P activities in Saskatchewan.

Saskatchewan Tax Incentives

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.

Saskatchewan Tax Incentives

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.

Saskatchewan Tax Incentives

Corporation Income Tax Rebate for Primary Steel Production

The Corporation Income Tax Rebate for Primary Steel Production provides a tax incentive for eligibility primary steel producers that make a minimum capital investment of $100 million in new or expanded productive capacity.

Saskatchewan Tax Incentives

Inbound Hosting Program

Explore new opportunities and build valuable connections in the Saskatoon Region with SREDA’s Inbound Hosting Program.

We’re here to help

Let our team guide you. Our experts are here to answer any of your questions and help you on your path to success.

Brad Bly

Director, Economic Development

(306) 664-0720 bbly@sreda.com