Manufacturing & Processing Investment Tax Credit Saskatchewan
Saskatchewan
Government of Saskatchewan, Ministry of Finance
Funding Amount
6% of the total capital cost of the asset (including PST)
Program Contact Details
SaskTaxInfo@gov.sk.ca
1-800-667-6102
Industry
Manufacturing, Processing
What is this funding for?
Tax credit for manufacturing and processing in Saskatchewan
Program Description
The Saskatchewan Investment Tax Credit (ITC) for M&P provides M&P corporations with a refundable tax credit for expenditures made on qualifying machinery and equipment that is made available for use in Saskatchewan. The percentage rate of the ITC parallels the rate of the Saskatchewan Provincial Sales Tax (PST).
Steps to Apply
1. Review eligibility criteria in the Saskatchewan Manufacturing and Processing Investment Tax Credit Information Bulletin
2. Prepare required documents: purchase invoices, financial statements, T2 Corporation Income Tax Return, and PST payment verification
3. Complete Schedule 402 for new equipment or the Manufacturing and Processing Investment Tax Credit on Used Equipment application for used equipment
4. Submit the application: include Schedule 402 with the T2 return to the Canada Revenue Agency for new equipment, or mail the used equipment application to the Ministry of Finance, Revenue Division, Box 200, Regina SK S4P 2Z6
Need help with business funding?
Our expert consultants have got you covered!
Grant Fund Pro has always been about making funding accessible for businesses, no matter the size. If you're looking to save time in applications or just checking what programs are available for you, our team is here to help.
The information you provide in this form is kept private and is processed only to determine your eligibility for current funding opportunities and to connect you with the most suitable programs for your business.
.svg)
.avif)
