RebateTax CreditSaskatchewanEquipment LeasingEquipment Purchase or UpgradesProperty DevelopmentExpand a Business
Corporation Income Tax Rebate for Primary Steel Production
The Corporation Income Tax Rebate for Primary Steel Production provides a tax incentive for eligible primary steel producers that make a minimum capital investment of $100 million in new or expanded productive capacity.
Offered by Ministry of Finance
Amount
100% of the incremental Saskatchewan Corporation Income Tax for each of the first two years, 75% for the third year, 50% for the fourth year and 25% for the fifth year of a five-year rebate period
Quick eligibility check
Years in business
No minimum stated
Employees
No limit stated
Revenue
No limit stated
Legal structure
Incorporated
Location
Saskatchewan
Who can apply
- Eligible primary steel producers
- Make a minimum capital investment of $100 million in new or expanded productive capacity
- An eligible primary steel producer is a company that: smelts and refines metals to produce steel in ingot or molten form; then rolls, draws or casts that steel into sheet, strip or other form at a production facility in Saskatchewan
About the funding
The tax incentive for each year of a five-year rebate period will be based on the incremental Saskatchewan Corporation Income Tax payable by the corporation as a result of the new investment.
The tax incentive rebate schedule is as follows:
- 100% of the incremental tax for each of the first two years of the rebate period;
- 75% of the incremental tax for the third year of the rebate period;
Show all funding details
- 50% of the incremental tax for the fourth year of the rebate period;
- and 25% of the incremental tax for the fifth year of the rebate period.
Similar programs
| Program | Type | Amount | Status |
|---|---|---|---|
| Saskatchewan Chemical Fertilizer Incentive (SCFI) | Tax Credit | Non-refundable, non-transferable 15 per cent tax credit on capital expenditures of $10 million or more for newly constructed or expanded eligible chemical fertilizer production facilities, claimed over a 10-year period | Open |
| Saskatchewan Value-added Agriculture Incentive (SVAI) | Tax Credit | Non-refundable tax credit on capital expenditures of $10 million or more: 15 per cent on expenditures up to 400M, 30 per cent on expenditures between $400M and $600M, and 40 per cent on expenditures exceeding $600M | Open |
| Saskatchewan Mineral Exploration Tax Credit (SMETC) | Tax Credit | Tax credit of 45 per cent to 60 per cent (30 per cent provincial and 15 per cent to 30 per cent federal) | Open |
| Oil and Gas Processing Investment Incentive (OGPII) | Tax Credit | Transferable crown royalty and freehold production tax credits at a rate of 15 per cent of eligible program costs, with a project-specific awarded credit cap of CAD$75 million | Open |
