Updated August 2026 · Verified against Innovation Saskatchewan / Government of Saskatchewan guidelines
▲ Growing ✓ First-Timer Friendly Tax Credit Offset Est. 2018
Tax Credit Provincial Active

Saskatchewan Technology Startup Incentive (STSI)

Innovation Saskatchewan / Government of Saskatchewan
Maximum Credit
45% of eligible costs
Open ($7M annual cap, first-come first-served)
Visit Official Program →
Difficulty
Easy
Payment
Tax Credit Offset
Trend
Growing
First-Timers
Friendly ✓
Credit rate
45%
Saskatchewan Technology Startup Incentive (STSI) provides up to 45% tax credit to investors (up to $225,000/year per investor; ESB can raise up to $2M). 45% non-refundable tax credit to investors in eligible Saskatchewan startups. Open ($7M annual cap, first-come first-served).
Eligibility check

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Eligibility & Details

What this program funds and who can apply

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Program Description

45% non-refundable tax credit to investors in eligible Saskatchewan startups. Investors can claim up to $225,000/year, and eligible startup businesses (ESBs) can raise up to $2M through the program. Designed to attract angel and early-stage investment to Saskatchewan's tech ecosystem.

Eligibility Requirements

  • Eligible Startup Business (ESB): fewer than 50 employees
  • 50%+ of employees based in Saskatchewan
  • Headquartered in Saskatchewan
  • Less than $5M in prior equity capital raised
  • Must be approved as ESB before investors can claim credits
Provinces
Industries
Business Stage
Startup Growth

Quick Assessment

Difficulty
Easy
Competition
Low
First-Timer
Friendly

Funding Details

Amount
45% tax credit to investors (up to $225,000/year per investor; ESB can raise up to $2M)
Type
Tax Credit
Level
Provincial
Credit rate
Up to 45% of eligible costs
Deadline
Open ($7M annual cap, first-come first-served)

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 STSI

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How to claim

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

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Insider Tip

Get your ESB registration approved BEFORE approaching investors — the tax credit is the hook that makes Saskatchewan startups attractive to angel investors.

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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 Review STSI Program Guide at innovationsask.ca/programs/stsi/

Required Documents 6

ESB application form
Certificate of incorporation in Saskatchewan

Eligible Expenses 3

Ineligible Expenses 4

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

NRC-IRAP Mitacs Saskatchewan Advantage Innovation Fund (SAIF) Angel Investment Tax Credit (Federal)
Combined Funding Potential See your total funding potential

Clawback Risk

Medium Risk

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How STSI Compares

Side-by-side with similar programs

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Program Amount Difficulty Payment Deadline
Saskatchewan Technology Startup Incen... up to $225,000 Easy Tax Credit Offset Open ($7M annual cap,...
Mitacs Accelerate $15,000 per internship unit Easy Advance Payment 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...
CanExport SMEs Up to $50,000 Moderate Mixed (Advance + Reimb.) Applications accepted...

Related Programs

Other programs you might be eligible for

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Frequently Asked Questions

Quick answers to the questions founders most often ask about STSI

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Can sole proprietors apply as an ESB?
No — ESB requires incorporation (or equivalent legal structure) to be approved. Sole proprietors must incorporate before applying for ESB status.
What's the typical investment amount attracted?
Most ESBs attract $50,000–$500,000 in new investment through STSI. The $2M program cap is for total investment across all ESBs, not per company.
How long does ESB approval take?
ESB registration approval typically takes 2–3 weeks. Get this approved BEFORE approaching investors to avoid delays in claiming credits.
Do I need to be incorporated to qualify?
Yes — ESB status requires incorporation (or equivalent legal structure) in Saskatchewan. Sole proprietors must incorporate first.
Can I stack with federal angel credits?
Yes — investors can claim both the federal Angel Investment Tax Credit (25% up to $200k) and STSI's 45% credit on the same investment.

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