Saskatchewan Research and Development Tax Credit
Last Update: April 27, 2025
SK, Canada
R&D tax credit for corporations in Saskatchewan
Saskatchewan Research and Development Tax Credit at a glance
Eligible Funding
- Max. $1,000,000
- Up to 10% of project cost
Timeline
- Continuous Intakes
Financing Type
Tax Credits
Eligible Industries
- Professional, scientific and technical services
Grant Providers
- Government of Saskatchewan
Status
Open
Overview of the Saskatchewan Research and Development Tax Credit program
Get a refundable tax credit of 10% on qualifying research and development expenditures, up to $1 million per year.
Financing terms and conditions
The Saskatchewan R&D Tax Credit encourages investment in private-sector research and development through specific financing terms tied to qualifying expenditures. The tax credit is structured to offer both refundable and non-refundable options up to an annual limit.
- A 10% refundable R&D tax credit is available for the first $1 million of annual qualifying expenditures by Canadian-controlled private corporations (CCPCs) in Saskatchewan.
- Qualifying R&D expenditures beyond this $1 million limit, as well as expenditures by other corporations, are eligible for a 10% non-refundable R&D tax credit.
- The total of refundable and non-refundable R&D tax credits is capped at $1 million per corporation per year.
Eligible projects & activities
Examples of admissible projects:
$ 1,000,000
Researching renewable energy sources for remote northern communities
$ 1,000,000
Developing a new AI-driven agricultural monitoring system to optimize crop yields
$ 1,000,000
Developing a new eco-friendly packaging material to reduce plastic waste
$ 1,000,000
Innovative recycling system development for reducing construction waste
$ 1,000,000
Creating an innovative water purification system using nanotechnology for rural communities
$ 1,000,000
Development of a telemedicine platform to improve healthcare access in rural areas
Eligibility criteria of the Saskatchewan Research and Development Tax Credit program
Eligibility for the Saskatchewan Research and Development (R&D) Tax Credit is determined by specific criteria related to the type of expenditures and corporation.
- The applicant must be a corporation incurring qualifying R&D expenditures in Saskatchewan.
- Saskatchewan Canadian-controlled private corporations (CCPCs) are eligible for a 10% refundable R&D tax credit for the first $1 million of qualifying expenditures annually.
- Other corporations and expenditures exceeding the annual limit are eligible for a 10% non-refundable R&D tax credit.
- The total refundable and non-refundable R&D Tax Credits claimed by a corporation must not exceed $1 million per year.
Who is eligible?
The Saskatchewan R&D Tax Credit targets corporations that incur qualifying R&D expenditures in Saskatchewan. Key eligibility points include:- Canadian-controlled private corporations (CCPCs) can apply for a refundable 10% tax credit for the first $1 million of qualifying expenditures annually.- Other corporations and expenditures over $1 million are eligible for a non-refundable 10% tax credit.- The total tax credit, refundable and non-refundable, is capped at $1 million annually for each corporation.Hence, the primary eligibility is tied to the corporation's registration and R&D spending within Saskatchewan.
Eligible expenses
This grant targets private-sector investment in research and development within the province of Saskatchewan. It supports qualifying R&D expenditures by Canadian-controlled private corporations.
- Research and development activities focusing on scientific or technological advancements.
- Projects that involve innovative product or process development.
- Initiatives aimed at improving efficiency and effectiveness in existing technological systems.
- Collaborative research projects with academic or research institutions.
- Prototyping and testing of new technologies.
Eligible geographic areas
This tax credit is specifically targeted at corporations operating within the province of Saskatchewan. Eligible companies must have qualifying R&D expenditures incurred in this region.
- Corporations located within the province of Saskatchewan.
How to apply to the Saskatchewan Research and Development Tax Credit program
1
Determine Eligibility
- Verify if your corporation qualifies as a Saskatchewan Canadian-controlled private corporation (CCPC) for the refundable tax credit.
- Ensure that your R&D expenditures are qualifying expenditures as per the tax credit guidelines.
2
Complete CRA Schedule 403
- Obtain Schedule 403 from the Canada Revenue Agency (CRA).
- Fill out Schedule 403 with details of your qualifying R&D expenditures.
3
Prepare Corporate Income Tax Return
Prepare your annual Saskatchewan corporate income tax return and incorporate Schedule 403.
4
Submit Tax Return
- Submit the completed Schedule 403 along with your corporate income tax return to the CRA.
- Ensure submission is done before the tax filing deadline to claim the tax credit.
Additional information
The Saskatchewan Research and Development (R&D) Tax Credit is aimed at incentivizing private-sector R&D investments in Saskatchewan. The tax credit applies to qualifying R&D expenditures by corporations in Saskatchewan.
- Saskatchewan Canadian-controlled private corporations (CCPCs) can claim a 10% refundable R&D tax credit for the first $1 million annual qualifying expenditures made on or after April 1, 2017.
- Qualifying R&D expenditures exceeding the annual limit, along with those by other corporations, are eligible for a 10% non-refundable R&D Tax Credit.
- The total refundable and non-refundable R&D Tax Credits that may be claimed by a corporation are capped at $1 million per year.
- Tax Credit legislation is detailed in Section 63.4 of The Income Tax Act, 2000.
- To claim the tax credit, corporations need to complete Schedule 403 from the Canada Revenue Agency (CRA) and submit it along with their annual Saskatchewan corporate income tax return.
Contact Government of Saskatchewan
306-787-6722
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