TAX INCENTIVES
Manufacturing and Processing Profits Tax Reduction
Saskatchewan-based manufacturing and processing firms can have their corporate income tax rate reduced to as low as 10% depending on their allocation of income to Saskatchewan.
http://www.gov.sk.ca/finance/revenue/mfg/mfg.htm
Manufacturing and Processing Investment Tax Credit
This is a refundable income tax credit equal to 5% (current PST rate) of the total capital cost of eligible new and used manufacturing and processing building, machinery, and equipment purchases made during the year, including installation costs.
http://www.gov.sk.ca/finance/taxation/rtrbulletin2002.pdf
Film Employment Tax Credit
The Saskatchewan Film Employment Tax Credit a tax credit for up to 55% of eligible labour costs. Eligible labour expenditures are limited to 50% of the total cost of a film production.
http://www.saskfilm.com/1456036?PAGEID=4&G=2
Saskatchewan Petroleum Research Incentive
Credits towards the remission of royalties and taxes are available for 50% of eligible research costs directly involving the Petroleum Technology Research Centre (PTRC), plus 30% of any remaining costs directly involving the PTRC and all other eligible research costs.
http://www.ir.gov.sk.ca/Default.aspx?DN=3959,3384,2936,Documents
Incentives for Enhanced Oil Recovery
(EOR)
Substances injected into oil-bearing formations for EOR purposes are exempt for Provincial Sales Tax and Fuel Tax.
http://www.ir.gov.sk.ca/Default.aspx?DN=64146ad9-0234-404a-9d13-95bcce781bae
Potash Production Incentives
Retroactive to January 1, 2005, there is a 10-year tax holiday from base payments on expansions of potash mines which exceed productive capacity of 200,000 tonnes of potassium chloride per year. The depreciation rate on capital expenditures in excess of the base (defined as 90% of 2002 capital expenditures) is set at 120%.
http://www.qp.gov.sk.ca/documents/English/Regulations/Regulations/M17-1R6.pdf
Municipal Property Tax Abatement
Saskatchewan municipalities are able to offer discretionary five-year property tax abatements.
http://www.city.saskatoon.sk.ca/org/city_planning/enterprise/index.asp
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EMPLOYMENT AND TRAINING INCENTIVES
JobStart/Future Skills
Employers in designated industry sectors may receive up to $1,500 per employee to retrain existing staff in order to maintain or increase competitiveness. Funding of up to $5,000 per employee is available to employers in growth sectors of the provincial economy for training workers who were previously unemployed.
http://www.sasked.gov.sk.ca/branches/programs/jobstart.shtml
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FINANCIAL INCENTIVES
Agriculture Development Fund
Under the Research and Development Projects Program, funding support of up to 100% of eligible costs is provided to agriculture and agri-food research and development projects.
http://www.agriculture.gov.sk.ca/Default.aspx?DN=67dd0cc1-e173-45e2-a87a-be3df9071a51
The Agri-Value Program provides project funding to a maximum of $20,000 for activities related to the development of value-added agricultural products.
http://www.agriculture.gov.sk.ca/Default.aspx?DN=5b477dc0-5865-464d-a7c5-3f1243dd01bf
Advancing Canadian Agriculture and Agri-Food Saskatchewan (ACAAFS)
ACAAFS is a federally-funded program aimed at positioning Saskatchewan’s agriculture and agri-food sector at the leading edge to seize new opportunities. The program is delivered under three “pillars:” 1. Industry-led solutions to emerging issues ($100,000 maximum funding); 2. Capturing market opportunities by advancing research results ($500,000 maximum funding); and 3. Sharing information to advance the sector ($100,000 maximum funding).
http://www.sccd.sk.ca/acaafs/
Value Chain Program
Under the Value Chain Program, funding support is available for eligible costs incurred in the development of value chains that contribute to the growth and diversification of Saskatchewan’s agriculture industry. The concept development stage (Phase 1) of the project may be funded to a maximum of $30,000; maximum funding for the implementation stage (Phase 2) is $70,000.
http://www.agriculture.gov.sk.ca/Default.aspx?DN=229c7b39-e156-4e31-a6e3-26fbbb04622c
Meat Processing Investment Rebate
A 15% investment rebate is available to firms for establishment or expansion of slaughter and processing facilities and/or for upgrades from health inspected or provincial status to federal or EU status.
http://www.gov.sk.ca/news?newsId=66f24c4f-3a08-4ade-b497-fb349aa34216
Canada-Saskatchewan Farm Stewardship Program
Under this program, producers can receive a maximum of $30,000 for implementation of Beneficial Management Practices on their farms.
http://www.gov.sk.ca/news?newsId=1d798dec-1954-4d54-be55-265f877fbaa9
Saskatchewan Market Assessment of Research and Technology (SMART) Program
The SMART Program provides a maximum of $15,000 to eligible projects for market research and development of business plans related to an innovative application of science and technology.
http://www.ir.gov.sk.ca/smart
Co-operative Development Assistance Program (CDAP)
The CDAP program is designed to encourage the development and expansion of co-operative enterprises. New co-operatives and co-operatives considering an expansion into new areas of business activity are eligible for up to $10,000 to cover eligible expenses.
http://www.recd.gov.sk.ca/CDAP
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FIRST NATIONS / METIS INCENTIVES
Saskatchewan First Nations and Métis Economic Development Program
The Saskatchewan First Nations and Métis Economic Development Program provide grants to qualifying First Nations and Métis businesses.
http://www.fnmr.gov.sk.ca/html/ecdev/ecdp_program.htm
First Nations Trust
Through the First Nations Trust, portions of the profits generated by the Saskatchewan Gaming Corporation and the Saskatchewan Indian Gaming Authority (SIGA) are distributed to Saskatchewan First Nations on a per capita basis. Beneficiary First Nations have discretionary spending authority within 12 broadly-defined criteria, one of which is economic development.
http://www.fnmr.gov.sk.ca/econdev/gaming-orgs/fnt/
Community Development Corporations
Community Development Corporations (CDCs) receive 25% of the net profits generated by the four casinos operated by SIGA. CDCs may make payments to First Nation and non-First Nations organizations within a defined catchment area determined by the Board of each CDC based on 10 criteria, including economic development.
http://www.fnmr.gov.sk.ca/econdev/gaming-orgs/cdcs
Clarence Campeau Development Fund
The Clarence Campeau Development Fund (CCDF) provides funding support for Métis businesses, community economic development initiatives and assistance for the development of the management skills of new and existing Métis business owners and entrepreneurs.
http://www.clarencecampeaudevelopmentfund.com/aboutus.htm
First Nations and Métis Fund
The First Nations and Métis Fund is focused on making investments between $1 million and $3 million in Aboriginal owned or controlled businesses in Saskatchewan’s key strategic growth sectors: value-added agriculture, advanced technology, energy, mining, forestry and forestry developments, and manufacturing, as well as Aboriginal-themed tourism.
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REGIONAL INCENTIVES
Northern Development Fund
Saskatchewan Northern Affairs administers three grant programs under the Northern Development Fund: Youth Entrepreneurship Fund; Marketing, Promotion, Research and Development Program; and Business Skill and Organizational Development Program. The maximum grant available to any single organization under these programs is $25,000 per year.
http://www.northern.gov.sk.ca/proServ.asp
