Tax Credit
Research & Development Tax Credit
The Saskatchewan Research and Development (R&D) Tax Credit is designed to encourage private-sector R&D investment in Saskatchewan. It is available at a rate of 15 per cent of qualifying R&D expenditures incurred by corporations in Saskatchewan. For qualifying R&D expenditures made after March 31, 2012, the R&D Tax Credit is: fully refundable in respect of the first $3 million of such expenditures by a Canadian-controlled private corporation; and, non-refundable for all other such expenditures.
- 4.5/5.0
- Saskatchewan. Finance
- All levels
- Last updated 1 month ago
- English
Description
The Saskatchewan Research and Development (R&D) Tax Credit is designed to encourage private-sector R&D investment in Saskatchewan. It is available at a rate of 15 per cent of qualifying R&D expenditures incurred by corporations in Saskatchewan. For qualifying R&D expenditures made after March 31, 2012, the R&D Tax Credit is: fully refundable in respect of the first $3 million of such expenditures by a Canadian-controlled private corporation; and, non-refundable for all other such expenditures.- Encourage private-sector corporations to invest in research and development and the expansion of knowledge-based industries in the province.