Updated August 2026 · Verified against Government of Saskatchewan guidelines
Tax Credit Offset Est. 2019
Tax Credit Provincial Active

Saskatchewan Petroleum Innovation Incentive (SPII)

Government of Saskatchewan
Maximum Credit
25% of eligible costs
Continuous intake — program extended to March 31, 2029
Visit Official Program →
Difficulty
Hard
Payment
Tax Credit Offset
Trend
Stable
First-Timers
Credit rate
25%
Saskatchewan Petroleum Innovation Incentive (SPII) provides up to 25% of eligible costs — $250,000 at the $1,000,000 minimum eligible project cost, to a $5,000,000 per-project cap (on up to $20,000,000 in eligible costs). Typical awards run $1,000,000-$5,000,000. A transferable Crown royalty and freehold production tax credit equal to 25% of eligible capital and operating costs for projects deploying first-of-kind or significantly advanced technologies (minimum TRL-7) in Saskatchewan's oil and gas sector. The program covers up to 25% of eligible costs. Applications are accepted on an ongoing basis.
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Eligibility & Details

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Program Description

A transferable Crown royalty and freehold production tax credit equal to 25% of eligible capital and operating costs for projects deploying first-of-kind or significantly advanced technologies (minimum TRL-7) in Saskatchewan's oil and gas sector. Helium and lithium eligibility was transferred to the Saskatchewan Critical Minerals Innovation Incentive (SCMII) — new helium or lithium innovation projects apply there. Credits are fully transferable, enabling technology companies without Crown royalties to sell credits to oil, gas and helium royalty and freehold production tax payers. Per-project credits are capped at $5 million on up to $20 million in eligible costs.

Eligibility Requirements

  • Must be incorporated
  • Must operate in Saskatchewan's oil and gas sector — helium and lithium innovation projects have been transferred to the Saskatchewan Critical Minerals Innovation Incentive (SCMII)
  • Technology must be new-to-market (first-of-kind or significantly advanced)
  • Technology must have achieved a minimum Technology Readiness Level (TRL) of 7
  • The innovation must be applied in a project whose aim is to improve oil and gas recovery, manage adverse environmental impacts, increase value-added processing capacity, or commercialize oil and gas production byproducts or waste
  • Tax credit is 25% of eligible capital and operating costs, transferable to oil, gas and helium Crown royalty and freehold production tax payers
  • Per-project credits capped at $5,000,000 on up to $20,000,000 in eligible costs
Provinces
Industries
Natural Resources Energy Clean Technology Innovation
Business Stage
Growth Expansion Established

Quick Assessment

Difficulty
Hard
Competition
Low
First-Timer
Not rated

Funding Details

Amount
25% of eligible costs — $250,000 at the $1,000,000 minimum eligible project cost, to a $5,000,000 per-project cap (on up to $20,000,000 in eligible costs). Typical awards run $1,000,000-$5,000,000.
Type
Tax Credit
Level
Provincial
Credit rate
Up to 25% of eligible costs
Deadline
Continuous intake — program extended to March 31, 2029

Program Scorecard

Competition, effort, and approval at a glance

Competition
Low
Deadline
Ongoing
Approval
Entitlement
Accessibility
--/5
Competition
--/5
Approval Rate
--%
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What's in this Playbook

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How to claim

Insider tips, common pitfalls, and what successful applicants look like

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Insider Tip

Contact [email protected] for a pre-application conversation before investing time in a full submission — program staff can give guidance on whether your technology meets TRL-7 and the first-of-kind standard.

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Rejection Pitfalls 7

  • Technology does not meet TRL-7 minimum (still in laboratory or early prototype phase)
+6 more pitfalls
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Success Profile

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Evaluation Criteria

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Application Playbook

Step-by-step process, required documents, and expenses

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Application Steps

1 Contact [email protected] for a pre-application conversation to confirm Contact [email protected] for a pre-application conversation to confirm TRL-7 eligibility and first-of-kind status

Required Documents 9

SPII Application Form (from [email protected] or program page)
Technical description demonstrating TRL-7 or higher for the innovation

Eligible Expenses 6

Ineligible Expenses 5

Claim timing

Deadline Notes

Ineligible Organizations

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Funding Stack Strategy

Compatible programs, clawback risk, and combined funding potential

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Compatible Programs

SR&ED (Federal) IRAP (NRC) Saskatchewan Advantage Innovation Fund (SAIF) Clean Growth Program (NRCan) Emissions Reduction Alberta / SaskPower programs
Combined Funding Potential See your total funding potential

Clawback Risk

Low Risk

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How SPII Compares

Side-by-side with similar programs

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Program Amount Difficulty Payment Deadline
Saskatchewan Petroleum Innovation Inc... up to $20,000,000 Hard Tax Credit Offset Continuous intake —...
NRC IRAP Clean Technology Program $100,000–$500,000 Hard Mixed (Advance + Reimb.) Ongoing
Saskatchewan Advantage Innovation Fun... Up to $450,000 Moderate Reimbursement Open (twice-yearly...
Strategic Response Fund (formerly Str... Minimum $10 million contribution Hard Mixed (Advance + Reimb.) Ongoing — continuous...
Innovative Solutions Canada up to $150,000 Hard Milestone-Based Challenge-specific — new...

Related Programs

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Frequently Asked Questions

Quick answers to the questions founders most often ask about SPII

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Can sole proprietors apply?
No — must be incorporated. SPII requires a legal entity structure to claim tax credits. Sole proprietors must incorporate before applying.
What's the typical award amount?
Typical awards range from $1M to $5M in transferable credits, based on $4M to $20M in eligible costs. Minimum $1M cost threshold applies.
How long does approval take?
Pre-application guidance is available via email ([email protected]) before submission. Full applications take 3-6 months for review after submission.
Why do applications fail?
Most fail because TRL-7 is not met (still in the lab), the project is already commercially operational at the time of application, or the project does not aim at one of the four permitted outcomes — improved oil and gas recovery, managing adverse environmental impacts, increased value-added processing capacity, or commercializing production byproducts or waste.
Do I need matching funds?
SPII covers 25% of eligible costs, so you fund the remaining 75% — but that other funding can come from other programs. Saskatchewan states that SPII can be used alongside other incentive and grant programs available in the province, including IRAP, SAIF, SR&ED and NRCan programs. Model the SR&ED cost-base interaction with a tax advisor so the same costs are not double-counted.

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