Closed
Saskatchewan Small and Medium Enterprise Investment Tax Credit
Tax credit for Saskatchewan manufacturing investment
Last Update: June 5, 2026
Funding available
$ 25,000 - $ 225,000
Timeline
- Receipt of requests is now closed
Location
Saskatchewan, Canada
Overview
This program provides a 45% non-refundable tax credit for investments in eligible Saskatchewan manufacturers. It supports business growth through investments used to scale operations in food, beverage, machinery, and transportation equipment manufacturing.
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Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Increase production or service capacity
- Increase operational productivity
- Optimize production processes
Eligible Funding
- Maximum amount : 225,000 $
- Minimum amount : 25,000 $
- Up to 45% of project cost
Timeline
- Receipt of requests is now closed
Eligible candidates
Eligible Industries
- Manufacturing
Location
- Saskatchewan
Legal structures
- All legal structures
Annual revenue
- All revenue ranges
Organisation size
- 5-49 employees
Audience
- Canadians
- Startups
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Scaling up operations in eligible manufacturing businesses.
- Expanding production capacity.
- Acquiring advanced machinery and equipment.
- Upgrading production facilities.
- Investing in new technologies and automation.
Documents Needed
- Business plan
- Most recent financial statements, if available
- Most recent income tax return and Notice of Assessment, if available
- Shareholder registry
- Proof of incorporation or registration
Eligibility
Who is eligible?
- Saskatchewan manufacturing businesses
- Individual investors
- Corporations
- Limited partnerships
Who is not eligible
- Businesses outside the eligible manufacturing sectors
- Businesses with fewer than 5 or more than 49 employees
- Founders investing in their own company
- Non-accredited investors who do not meet exemption requirements
Ineligible Costs and Activities
- Lending or depositing funds in financial products.
- Purchasing real estate, unless ancillary to scale-up.
- Paying dividends or existing debt, except where approved for viability.
- Research and development.
- Buying back shares within 3 years.
Eligible geographic areas
- Saskatchewan
Processing and Agreement
- Applications are reviewed by the Ministry of Trade and Export Development.
- If requirements are met, a certificate of eligibility or tax credit certificate is issued.
- Incomplete applications are placed on hold until missing documents are received.
- Refusals are issued with reasons.
- Certificates are sent by email to the eligible business or general partner for distribution.
Additional information
- The program is a three-year pilot running from July 1, 2025 to June 30, 2028.
- Applications are processed on a first-come, first-served basis when complete.
- Eligible businesses and investors must use the online application portal.
- Tax credit claims can be carried forward over seven years.
Contacts
Frequently Asked Questions about the Saskatchewan Small and Medium Enterprise Investment Tax Credit Program
Here are answers to the most common questions about the Saskatchewan Small and Medium Enterprise Investment Tax Credit. 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.
What is the Saskatchewan Small and Medium Enterprise Investment Tax Credit?
This program provides a 45% non-refundable tax credit for investments in eligible Saskatchewan manufacturers. It supports business growth through investments used to scale operations in food, beverage, machinery, and transportation equipment manufacturing.
How much funding can be received?
Saskatchewan Small and Medium Enterprise Investment Tax Credit Funds up to 45% of admissible expenses, capped at $225,000 per project.
Who is eligible for the Saskatchewan Small and Medium Enterprise Investment Tax Credit program?
To be eligible for the Saskatchewan Small and Medium Enterprise Investment Tax Credit program, you must:
Saskatchewan-based business
5 to 49 employees
Eligible manufacturing sector
What expenses are eligible under Saskatchewan Small and Medium Enterprise Investment Tax Credit?
Scaling up operations in eligible manufacturing businesses.
Expanding production capacity.
Acquiring advanced machinery and equipment.
Upgrading production facilities.
Investing in new technologies and automation.
Who can I contact for more information about the Saskatchewan Small and Medium Enterprise Investment Tax Credit?
You can contact Ministry of Finance (SK) by email at smeitc@gov.sk.ca or by phone at (306) 787-6645.
Where is the Saskatchewan Small and Medium Enterprise Investment Tax Credit available?
The Saskatchewan Small and Medium Enterprise Investment Tax Credit program is available the province of Saskatchewan.
Is the Saskatchewan Small and Medium Enterprise Investment Tax Credit a grant, loan, or tax credit?
Saskatchewan Small and Medium Enterprise Investment Tax Credit is a Tax Credits