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Source verified May 25, 2026
Saskatchewan Research and Development Tax Credit
R&D tax credit for Saskatchewan corporations
Latest source updateLast Update: April 3, 2026Latest change: The refundable R&D tax credit limit for Saskatchewan CCPCs has doubled from $1 million to $2 million for expenditures made on or after December 16, 2024.View change
Latest source update
Last Update: April 3, 2026
Latest change: The refundable R&D tax credit limit for Saskatchewan CCPCs has doubled from $1 million to $2 million for expenditures made on or after December 16, 2024.
Saskatchewan R&D Tax Credit: Refundable Limit Doubled to $2 Million
Saskatchewan's Research and Development Tax Credit has been updated to reflect confirmed legislative changes. The refundable credit limit for Canadian-controlled private corporations (CCPCs) has increased from $1 million to $2 million in annual qualifying expenditures, effective December 16, 2024. The program now distinguishes between two eligibility periods: the previous $1 million limit applies to expenditures made until December 15, 2024, while the new $2 million limit applies to expenditures made on or after December 16, 2024. The 10 per cent refundable credit rate and the overall $1 million annual cap on combined refundable and non-refundable credits remain unchanged. The budget announcement placeholder has been removed and replaced with the confirmed effective date, providing clearer guidance for corporations planning their R&D investments.
Funding available
$ 1,000,000
Deadline
Open continuously
Location
Saskatchewan, Canada
Overview
A 10% refundable or non-refundable tax credit supports qualifying R&D expenditures in Saskatchewan. Corporations must file Schedule 403 with their annual Saskatchewan corporate income tax return to claim the credit.
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Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Conduct research and development activities
- Conduct research or evaluation activities
Eligible Funding
- Maximum amount : 1,000,000 $
- Up to 10% of project cost
Funds Providers
Eligible candidates
Eligible Industries
- All industries
Location
- Saskatchewan
Legal structures
- For-profit business
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Startups
Next Steps
1
Determine your project
2
Validate your eligibility
Documents Needed
- Completed Schedule 403
- Annual Saskatchewan corporate income tax return
Official resources
Eligibility
Who is eligible?
- Saskatchewan corporations
- Canadian-controlled private corporations (CCPCs)
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
- Saskatchewan
How to apply
- Step 1: Complete Schedule 403
- Download and fill out the CRA Schedule 403 for the Saskatchewan R&D Tax Credit.
- Step 2: Attach to tax return
- Include the completed schedule with your T2 Corporation Income Tax Return.
- Step 3: File with CRA
- Submit the schedule to the CRA when filing your annual Saskatchewan corporate income tax return.
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.
Contacts
Frequently Asked Questions about the Saskatchewan Research and Development Tax Credit Program
What is the Saskatchewan Research and Development Tax Credit?
A 10% refundable or non-refundable tax credit supports qualifying R&D expenditures in Saskatchewan. Corporations must file Schedule 403 with their annual Saskatchewan corporate income tax return to claim the credit.
How much funding can be received?
Saskatchewan Research and Development Tax Credit Funds up to 10% of admissible expenses, capped at $1,000,000 per project.
Who is eligible for the Saskatchewan Research and Development Tax Credit program?
To be eligible for the Saskatchewan Research and Development Tax Credit program, you must:
Corporations must incur qualifying R&D expenditures in Saskatchewan.
Saskatchewan Canadian-controlled private corporations (CCPCs) can claim a refundable tax credit for eligible expenditures up to $1 million annually.
Expenditures exceeding the annual limit qualify for a non-refundable tax credit.
Who can I contact for more information about the Saskatchewan Research and Development Tax Credit?
You can contact Government of Saskatchewan or by phone at 306-787-6722.
Where is the Saskatchewan Research and Development Tax Credit available?
The Saskatchewan Research and Development Tax Credit program is available the province of Saskatchewan.
Is the Saskatchewan Research and Development Tax Credit a grant, loan, or tax credit?
Saskatchewan Research and Development Tax Credit is a Tax Credits
Who are the financial supporters of the Saskatchewan Research and Development Tax Credit?
Saskatchewan Research and Development Tax Credit is funded by Government of Saskatchewan, Canada Revenue Agency (CRA)