Tax Credit
Provincial
Active
Saskatchewan Research and Development Tax Credit
Government of Saskatchewan — Ministry of Finance
Maximum Credit
10% of eligible costs
Ongoing
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
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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How to claim
Insider tips, common pitfalls, and what successful applicants look like
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Insider TipThe 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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All 5 pitfalls, the checklist and the reviewer notes are in the Playbook below. See what it includes ↓
What's in this Playbook
Everything you need to claim Saskatchewan Research and Development Tax ...
Not a marketing summary. The actual checklist, intel, and stack strategy reviewers look for.
- 5 rejection pitfalls reviewers flag — so you catch them first
- 6-document checklist with what each reviewer is actually checking
- Your Application Game Plan — the print-ready PDF the preview below describes
- 4-step application timeline with prep hours per step
- Insider tip from program officers on what separates winners
- 3-program stacking strategy to combine with compatible funding
- Success profile + evaluation criteria — exactly what the program administrators check
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Application Playbook
Step-by-step process, required documents, and expenses
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4 steps
6 docs
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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3 partners
Compatible Programs
Combined Funding Potential
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Clawback Risk
Low Risk
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How Saskatchewan Research and Development Tax ... Compares
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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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Full Playbook: Saskatchewan Research and Development Tax ...
4 steps · 6 docs · reviewer insights