Tax Credit
Saskatchewan Petroleum Innovation Incentive
The Saskatchewan Petroleum Innovation Incentive (SPII) offers transferable royalty/freehold production tax credits for qualified innovation commercialization projects at a rate of 25 per cent of eligible project costs. The program targets a broad range of innovations deployed across all segments of Saskatchewan's oil and gas industry.
- 4.5/5.0
- Saskatchewan. Agriculture, Natural Resources, and Industry
- All levels
- Last updated 1 year ago
- English
Description
The Saskatchewan Petroleum Innovation Incentive (SPII) offers transferable royalty/freehold production tax credits for qualified innovation commercialization projects at a rate of 25 per cent of eligible project costs. The program targets a broad range of innovations deployed across all segments of Saskatchewan's oil and gas industry.- The SPII program is open to both pilot projects and commercial scaling projects – giving applicants the ability to test their innovations in a pilot setting, then deploy them at larger commercial scales. In addition to this, projects executed on multiple sites and projects that include multiple phases may be considered eligible to the program under a single project application.