Updated June 2026 · Verified against Government of Saskatchewan — Ministry of Finance guidelines
▲ Growing ✓ First-Timer Friendly Tax Credit Offset Est. 2000
Tax Credit Provincial Active

Saskatchewan Research and Development Tax Credit

Government of Saskatchewan — Ministry of Finance
Maximum Credit
10% of eligible costs
Ongoing
Visit Official Program →
Difficulty
Moderate
Payment
Tax Credit Offset
Trend
Growing
First-Timers
Friendly ✓
Credit rate
Varies
Saskatchewan Research and Development Tax Credit provides up to 10% refundable credit on first $2M/year (CCPCs); 10% non-refundable above threshold; total refundable+non-refundable credits capped at $1,000,000/year per corporation (effective December 16, 2024). Provincial tax credit of 10% on qualifying R&D expenditures in Saskatchewan. Applications are accepted on an ongoing basis.
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Eligibility & Details

What this program funds and who can apply

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Program Description

Provincial tax credit of 10% on qualifying R&D expenditures in Saskatchewan. Canadian-controlled private corporations (CCPCs) receive a refundable credit on the first $2 million of annual qualifying expenditures (limit doubled from $1M to $2M on December 16, 2024); other corporations receive a non-refundable credit on expenditures above the CCPC threshold. Maximum annual credit is $1 million per corporation. Filed via CRA Schedule 403 with the Saskatchewan corporate income tax return.

Eligibility Requirements

  • Corporations with qualifying R&D expenditures conducted in Saskatchewan
  • Expenditures must qualify under Saskatchewan's Income Tax Act, 2000 (Section 63.4) — generally mirrors CRA's SR&ED definition
  • CCPCs receive 10% refundable credit on first $2 million of annual qualifying expenditures (limit increased from $1M effective December 16, 2024)
  • Other corporations (non-CCPCs) receive a 10% non-refundable credit on their qualifying expenditures, subject to the $1 million annual cap
  • Annual credit cap: $1 million per corporation regardless of expenditure level
  • Filed via CRA Schedule 403 with the annual Saskatchewan corporate income tax return
Provinces
Industries
Business Stage
Startup Growth Expansion Established

Quick Assessment

Difficulty
Moderate
Competition
Low
First-Timer
Friendly

Funding Details

Amount
10% refundable credit on first $2M/year (CCPCs); 10% non-refundable above threshold; total refundable+non-refundable credits capped at $1,000,000/year per corporation (effective December 16, 2024)
Type
Tax Credit
Level
Provincial
Deadline
Ongoing

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

Everything you need to claim Saskatchewan Research and Development Tax ...

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How to claim

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

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Insider Tip

The December 2024 expansion of the refundable threshold from $1M to $2M doubled the potential refundable benefit for CCPCs — if your Saskatchewan R&D expenditures are between $1M and $2M, the after-tax benefit has significantly increased.

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Rejection Pitfalls 5

  • Expenditures do not qualify as R&D under Saskatchewan's Income Tax Act, 2000 (e.g., routine engineering, market research, quality assurance)
+4 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 Document qualifying R&D activities throughout the year Maintain contemporaneous records of all qualifying R&D projects in Saskatchewan: project logs, timesheets, lab notes, and technical descriptions establishing technological uncertainty and systematic investigation. These records predate and support the claim.

Required Documents 6

CRA Schedule 403 (Saskatchewan R&D Tax Credit)
T2 Corporation Income Tax Return (federal) filed with T661 if also claiming federal SR&ED

Eligible Expenses 5

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

Federal SR&ED Investment Tax Credit NRC IRAP PrairiesCan Business Scale-Up and Productivity
Combined Funding Potential See your total funding potential

Clawback Risk

Low Risk

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How Saskatchewan Research and Development Tax ... Compares

Side-by-side with similar programs

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Program Amount Difficulty Payment Deadline
Saskatchewan Research and Development... 10% Moderate Tax Credit Offset Ongoing
NRC IRAP Clean Technology Program $100,000–$500,000 Hard Mixed (Advance + Reimb.) Ongoing
PrairiesCan Business Scale-up and Pro... $200,000 to $5,000,000 Hard Reimbursement Ongoing — continuous...
Strategic Response Fund (formerly Str... Minimum $10 million contribution Hard Mixed (Advance + Reimb.) Ongoing — continuous...
CanExport SMEs Up to $50,000 Moderate Mixed (Advance + Reimb.) Applications accepted...

Related Programs

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Frequently Asked Questions

Quick answers to the questions founders most often ask about Saskatchewan Research and Development Tax ...

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Did the Saskatchewan R&D credit change recently?
Yes — effective December 16, 2024, the refundable credit threshold for CCPCs doubled from $1 million to $2 million per year. CCPCs with $1M–$2M in qualifying SK R&D expenditures now receive an additional $100,000 in refundable credits annually.
Can I claim both federal SR&ED and Saskatchewan R&D credit?
Yes — both credits are stackable. However, the Saskatchewan credit is government assistance that reduces your federal SR&ED qualified expenditure base. Always calculate the provincial credit first, then compute the federal SR&ED ITC on the reduced base.
Is the Saskatchewan R&D credit refundable?
For CCPCs: yes — 10% refundable on the first $2M of qualifying annual expenditures (maximum refundable credit $200,000). For other corporations: non-refundable on expenditures above the CCPC threshold, applied against Saskatchewan provincial tax payable.
What is the annual credit cap?
$1 million per corporation per year regardless of total qualifying expenditures. At the 10% rate, this cap is reached at $10M in qualifying expenditures.
How do I claim the Saskatchewan R&D credit?
File CRA Schedule 403 with your annual Saskatchewan T2 corporate income tax return. No separate provincial application is required — the credit is assessed automatically as part of the T2 filing.

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