Tax Credit
Saskatchewan Technology Startup Incentive (STSI)
The Saskatchewan Technology Startup Incentive (STSI) is a non-refundable 45 per cent tax credit for individual, corporate, or venture capital corporations investing in eligible startup businesses (ESBs) on a first-come-first-serve-basis.
- 4.5/5.0
- Saskatchewan. Innovation Saskatchewan
- All levels
- Last updated 3 years ago
- English
Description
The Saskatchewan Technology Startup Incentive (STSI) is a non-refundable 45 per cent tax credit for individual, corporate, or venture capital corporations investing in eligible startup businesses (ESBs) on a first-come-first-serve-basis.- An investor can earn a maximum of $225,000 in tax credits per investment in an ESB and claim a maximum of $140,000 per tax year, and can carry forward the credit for four years. The STSI will be available for two-and-a-half years, with a total budget of $7 million.
- The STSI is a pilot program offered by Innovation Saskatchewan (IS), designed to encourage investment in early-stage technology startups. Technology startups within the program will not only bring new products and services to market, but they will also create jobs within Saskatchewan.