City of Saskatoon Business Development Incentives Program

Q: How much funding can be received?

There is no informations about how much funding can be received.

Q: What is the deadline to apply?

The program is accepting continuous intake

Q: 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

Q: 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)

Q: 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)

Q: 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).

Q: 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 SK.

Last Update: July 25, 2025

SK, Canada

Tax abatement incentive to encourage business in Saskatoon

At a glance

Eligible Funding

Min. $500,000

Timeline

Unspecified

Financing Type

Tax Credits

Eligible Industries

Mining, quarrying, and oil and gas extraction
Manufacturing
Transportation and warehousing
Information and cultural industries

Funds Providers

Saskatoon Regional Economic Development Authority

Program status

Open

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.

Financing terms and conditions

Applicants must invest a minimum of $500,000 in plant, land, and/or leasehold improvements to be eligible for financial incentives.

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:

$ 1,500,000

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

$ 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

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

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.

Complete Application Form

Fill out the Business Development Incentives application form.

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.

Apply to this program

Frequently Asked Questions about the City of Saskatoon Business Development Incentives Program Program

Here are answers to the most common questions about the City of Saskatoon Business Development Incentives Program. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.