Saskatchewan Value-added Agriculture Incentive (SVAI)

By mmuise
Description:

The Saskatchewan Value-added Agriculture Incentive (SVAI) is a non-refundable, non-transferable tax credit on capital expenditures valued at $10 million or more for newly constructed or expanded value-added agriculture facilities in Saskatchewan.


Comments on Funding:

1. The SVAI utilizes a graduated tax credit structure for rebates, as follows:
- 15% tax credit on expenditures up to 400M;
- 30% tax credit on expenditures between $400M and $600M; and
- 40% tax credit on expenditures exceeding $600M.
2. The total incentives to be claimed by any single project is $250M.

Deadline: Continuous Intake
Eligibility:

Applicants must:

  • be companies having capital expenditures valued at $10 million or more for newly constructed or expanded value-added agriculture facilities in Saskatchewan.
  • be issued an SCFI Eligibility Certificate.
Application Steps:

-

Documentation Needed:

-

Other Things to Note:

1. The SVAI is administered by the Ministry of Trade and Export Development.
2. The program is effective September 1, 2017 and is scheduled to sunset December 31, 2027.

About the author
mmuise