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City of Saskatoon Business Development Incentives Program
Last Update: March 4, 2026
Saskatchewan, Canada
Tax abatement incentive to encourage business in Saskatoon
Tax Credits
Overview
Exemptions and reductions of any city tax or fee, waiving of utility deposits and down payments on land, and exemptions or reductions of prepaid servicing levies.
At a glance
Funding available
Financing goals
- Renovate your business/factory
Eligible Funding
- Minimum amount : 500,000 $
Timeline
- Open continuously
Eligible candidates
Eligible Industries
- Mining, quarrying, and oil and gas extraction
- Manufacturing
- Transportation and warehousing
- Information and cultural industries
Location
- Saskatchewan
Legal structures
- For-profit business
Annual revenue
- All revenue ranges
Organisation size
- 515 employees minimum
Audience
- All groups
Activities funded
- Business expansion projects within Saskatoon leading to the creation of full-time jobs.
- Establishment of new business operations in Saskatoon with significant capital investment.
Examples of admissible projects:
$ 1,200,000
Development of a telecommunications center to enhance connectivity for remote communities
$ 1,200,000
Expansion of a food processing plant to increase production capacity and create new jobs
$ 1,000,000
Establishment of a data processing center to support local businesses with cloud storage solutions
$ 1,500,000
Construction of a sustainable transportation hub to enhance urban mobility and reduce carbon emissions
$ 1,200,000
Renovation of an old factory into a tech startup incubator to foster innovation and job creation in the tech sector
$ 1,250,000
Expansion of renewable energy manufacturing plant with state-of-the-art solar panel production line
Eligibility
- The applicant must be a legally incorporated entity.
- The business must operate in one of the following sectors: energy, oil and gas, mining, manufacturing, processing, technology, transportation and logistics, telecommunications, or data processing.
- The business must create at least five new full-time positions within one year for existing businesses, or at least fifteen new full-time positions within three years for new businesses.
- The applicant must possess the required financial resources to complete the proposed project.
- The applicant must be the legal owner of the property for the project or provide a copy of the lease agreement if not the owner.
Who is eligible?
- Energy sector businesses
- Oil and gas companies
- Mining companies
- Manufacturing businesses
- Processing industries
- Technology companies
- Transportation and logistics companies
- Telecommunications businesses
- Data processing companies
Eligible expenses
- Investment in plant, land, and/or leasehold improvements.
- City taxes or fees that are exempted or reduced.
- Utility deposits and down payments on land that are waived.
- Prepaid servicing levies that are exempted or reduced.
Eligible geographic areas
- Businesses located in the City of Saskatoon.
How to apply
1
Preliminary Documentation Gathering
- Prepare a business plan or executive summary detailing the new expansion project.
- Ensure the business plan includes the number of full-time jobs to be created and the investment details.
- Obtain blueprints for the new construction, expansion, or renovations.
- Gather recent financial statements or a bank letter verifying financial capability to complete the project.
- Compile a current payroll list including names, positions, and full-time equivalents.
- If applicable, obtain a copy of the lease agreement if not owning the property.
2
Complete Application Form
Fill out the Business Development Incentives application form.
3
Submission
- Submit the completed application form and all supporting documents to SREDA before starting any project activities.
- Ensure submission is made prior to applying for a building permit through the City of Saskatoon.
Additional information
- Applications must be submitted before starting any expansion or new building project and prior to applying for a building permit from the City of Saskatoon.
- The incentive is administered by SREDA on behalf of the City of Saskatoon.
