Saskatchewan qualifying environmental trust tax credit
Last Update: April 27, 2025
SK, Canada
Tax credit for corporations benefitting from environmental trusts
Saskatchewan qualifying environmental trust tax credit at a glance
Eligible Funding
- Up to 12% of project cost
Timeline
- Continuous Intakes
Financing Type
Tax Credits
Eligible Industries
- Administrative and support, waste management and remediation services
Grant Providers
- Government of Saskatchewan
Status
Open
Overview of the Saskatchewan qualifying environmental trust tax credit program
The Saskatchewan Qualifying Environmental Trust Tax Credit offers a fully refundable 12% tax credit to corporations that are beneficiaries of a qualifying environmental trust in Saskatchewan. This program supports corporations involved in environmental management activities by providing financial relief on taxable income earned through such trusts.
Financing terms and conditions
- Corporations that are beneficiaries of a qualifying environmental trust in Saskatchewan may claim a fully refundable tax credit equal to 12% of the income subject to tax under Part XII.4 of the federal Income Tax Act.
Eligible projects & activities
Examples of admissible projects:
$ 52,000
Develop a mobile composting service for local food producers
$ 59,000
Create an artisan food incubator space with shared equipment
$ 67,000
Retrofit a heritage building with accessible entrances and elevators
$ 49,000
Implement a digital inventory management system for local retailers
$ 60,000
Upgrade commercial kitchen with energy-efficient appliances and equipment
$ 46,000
Pilot a community bike-share program with modular e-bike stations
Eligibility criteria of the Saskatchewan qualifying environmental trust tax credit program
- The applicant must be a corporation that is a beneficiary of a qualifying environmental trust located in Saskatchewan.
- The corporation must have income that is subject to tax under Part XII.4 of the federal Income Tax Act.
- The corporation must receive a letter from the qualifying environmental trust verifying beneficiary status.
Who is eligible?
- Corporations that are beneficiaries of a qualifying environmental trust located in Saskatchewan
Eligible geographic areas
- Saskatchewan
How to apply to the Saskatchewan qualifying environmental trust tax credit program
- Step 1: Obtain Letter from Qualifying Environmental TrustReceive a letter from the qualifying environmental trust confirming your status as a beneficiary eligible for the tax credit.
- Step 2: Calculate Credit AmountDetermine the amount of the 12% tax credit based on income subject to tax under Part XII.4 of the federal Income Tax Act.
- Step 3: Complete Schedule 5 – Tax Calculation Supplementary – CorporationsEnter the credit amount on line 641 of Schedule 5 as part of your corporate tax filing process.
- Step 4: Prepare Supporting DocumentationKeep the letter from the qualifying environmental trust as supporting documentation (do not submit it with your return, but retain it in case the CRA requests it).
- Step 5: Submit Corporate Tax ReturnFile your completed corporate tax return, including Schedule 5, with the Canada Revenue Agency.
Additional information
- The credit is fully refundable after being applied against taxes payable.
- Corporations should retain the letter from the qualifying environmental trust, as it may be requested by the CRA for verification.
- The relevant credit amount should be reported on line 641 of Schedule 5, Tax Calculation Supplementary – Corporations.
- The letter from the trust does not need to be filed with the initial tax return submission.
Apply to this program
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