New Opportunities for Investors in the Saskatchewan Technology and Agricultural Sectors Following the Release of Saskatchewan’s 2018-2019 Provincial Budget

24 avril 2018 | Derek Hoffman, Jordyn Allan

( Disponible en anglais seulement )

On April 10, 2018, Saskatchewan’s Minister of Finance, Donna Harpauer, presented Saskatchewan’s provincial budget for 2018-2019. The budget announces two new incentives for investments in the technology and agricultural sectors:

1. The Saskatchewan Technology Start-up Incentive

This two-year pilot program provides a 45 percent non-refundable tax credit to individual and corporate investors who invest in qualifying tech companies. Eligible small businesses are early stage technology startups that are developing new technologies, or applying existing technologies in a new way to create new proprietary products, services or processes that are repeatable and scalable. To be eligible, the business must also be incorporated and headquartered in Saskatchewan and have fewer than 50 employees, the majority of which are located in the Province.

The credit that can be claimed each year is capped at $140,000 per investor. Unused tax credits can be carried forward for four years after the eligible investment is made.

2. The Saskatchewan Value-added Agriculture Incentive

This incentive benefits businesses making a minimum capital investment of $10 million in an eligible project. To be eligible, projects must upgrade or transform raw or primary agricultural products. The incentive is provided through a non-refundable income tax credit equal to 15 percent of the eligible project’s qualifying capital investments.

These incentives seek to promote diversification and growth in Saskatchewan’s economy, and particularly in those targeted sectors where Saskatchewan is thriving. The tax incentives for investors are directed towards supporting investments, job creation and productivity in Saskatchewan, and have the potential to enhance Saskatchewan’s competitiveness in the technology and agricultural industries, and to encourage Saskatchewan to become a leader in these sectors.

Avis de non-responsabilité

Cette publication est fournie à titre informatif uniquement. Elle peut contenir des éléments provenant d'autres sources et nous ne garantissons pas son exactitude. Cette publication n'est ni un avis ni un conseil juridique.

Miller Thomson S.E.N.C.R.L., s.r.l. utilise vos coordonnées dans le but de vous envoyer des communications électroniques portant sur des questions juridiques, des séminaires ou des événements susceptibles de vous intéresser. Si vous avez des questions concernant nos pratiques d'information ou nos obligations en vertu de la Loi canadienne anti-pourriel, veuillez faire parvenir un courriel à privacy@millerthomson.com..

© 2019 Miller Thomson S.E.N.C.R.L., s.r.l. Cette publication peut être reproduite et distribuée intégralement sous réserve qu'aucune modification n'y soit apportée, que ce soit dans sa forme ou son contenu. Toute autre forme de reproduction ou de distribution nécessite le consentement écrit préalable de Miller Thomson S.E.N.C.R.L., s.r.l. qui peut être obtenu en faisant parvenir un courriel à newsletters@millerthomson.com.