Saskatchewan Research and Development (R&D) Tax Credit
The Saskatchewan Research and Development (R&D) Tax Credit is designed to encourage private-sector R&D investment in Saskatchewan. It is available in respect to qualifying R&D expenditures incurred by corporations in Saskatchewan.
Offered by Ministry of Finance
Amount
10 per cent refundable R&D tax credit for the first $2 million in annual qualifying expenditures by Saskatchewan CCPCs (on or after December 16, 2024); 10 per cent non-refundable credit on expenditures over the annual limit and for other corporations; total refundable and non-refundable credits limited to $1 million per corporation per year
Quick eligibility check
Who can apply
It is available in respect to qualifying R&D expenditures incurred by corporations in Saskatchewan.
About the funding
- Qualifying R&D expenditures by Saskatchewan Canadian-controlled private corporations (CCPCs) will be eligible for a 10 per cent refundable R&D tax credit for the first $1 million in annual qualifying expenditures made after March 31, 2017, until December 15, 2024. On or after December 16, 2024 qualifying R&D expenditures by Saskatchewan CCPCs will be eligible for a 10 per cent refundable R&D tax credit for the first $2 million in annual qualifying expenditures;
- Qualifying R&D expenditures in excess of the annual limit, as well as qualifying expenditures by other corporations are eligible for a 10 per cent non-refundable R&D Tax Credit;
- The total refundable and non-refundable R&D Tax Credits that may be claimed by a corporation will be limited to $1 million per year;
Claimed through the Canada Revenue Agency on your corporate tax return.
Similar programs
| Program | Type | Amount | Status |
|---|---|---|---|
| Saskatchewan Commercial Innovation Incentive (SCII) | Tax Credit | Reduction of the provincial Corporate Income Tax Rate (CIT) to six per cent for 10 consecutive years, extendable to 15 years if at least 50 per cent of the related R&D occurred and was conducted in Saskatchewan | Open |
| Investment Tax Credits (ITC) on Qualified Expenditures for Scientific Research and Experimental Development (SR&ED) | Tax Credit | Non-refundable ITC of 15% of the SR&ED qualified expenditure pool | Open |
| Scientific Research and Experimental Development Tax Incentive Program (SR&ED) | Tax Credit | Investment tax credit at a basic rate of 15% | Open |
