Open
Source verified June 5, 2026
City of Saskatoon Business Development Incentives Program
Tax abatement incentive to encourage business in Saskatoon
Funding available
$ 500,000
Deadline
Open continuously
Location
Saskatoon, Saskatchewan, Canada
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.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Renovate or expand facilities
Eligible Funding
- Minimum amount : 500,000 $
Funds Providers
Eligible candidates
Eligible Industries
- All industries
Location
- Saskatoon
- Saskatchewan
Legal structures
- For-profit business
Annual revenue
- All revenue ranges
Organisation size
- 515 employees minimum
Audience
- All groups
Next Steps
1
Determine your project
2
Validate your eligibility
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.
Official resources
Eligibility
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
- Step 1: Gather Required Documentation
- Prepare a comprehensive business plan or executive summary clearly describing the expansion project, outlining the number of full-time jobs to be created, and detailing investment in land, buildings, or leasehold improvements.
- Obtain blueprints for the new building, expansion, or renovations.
- Collect recent financial statements or a letter from your bank demonstrating sufficient financial resources to complete the project.
- Compile a current payroll list, including names, positions, and full-time equivalents.
- If not the property owner, prepare a copy of the current lease agreement.
- Step 2: Complete Application Form
- Fill out the City of Saskatoon Business Development Incentives Program application form with all required information.
- Step 3: Submit Application Before Project Initiation
- Ensure the application is submitted before starting your expansion or new building project and prior to applying for a building permit through the City of Saskatoon.
- Submit the completed application form along with all supporting documents to the designated program administrator (SREDA).
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.
Frequently Asked Questions about the City of Saskatoon Business Development Incentives Program Program
What is the City of Saskatoon Business Development Incentives Program?
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.
Who is eligible for the City of Saskatoon Business Development Incentives Program program?
To be eligible for the City of Saskatoon Business Development Incentives Program program, you must:
Must be a legally incorporated entity
Must invest a minimum of $500,000 in plant, land, or leasehold improvements
Must create a minimum number of new full-time positions (5 for existing, 15 for new businesses)
What expenses are eligible under City of Saskatoon Business Development Incentives Program?
Business expansion projects within Saskatoon leading to the creation of full-time jobs.
Establishment of new business operations in Saskatoon with significant capital investment.
Who can I contact for more information about the City of Saskatoon Business Development Incentives Program?
You can contact Saskatoon Regional Economic Development Authority (SREDA).
Where is the City of Saskatoon Business Development Incentives Program available?
The City of Saskatoon Business Development Incentives Program program is available the province of Saskatchewan.
Is the City of Saskatoon Business Development Incentives Program a grant, loan, or tax credit?
City of Saskatoon Business Development Incentives Program is a Tax Credits
Who are the financial supporters of the City of Saskatoon Business Development Incentives Program?
City of Saskatoon Business Development Incentives Program is funded by Saskatoon Regional Economic Development Authority (SREDA)