Saskatchewan

CRA manages the R&D tax credit for Saskatchewan.

Available to: The Saskatchewan R&D tax credit can be claimed by any corporation established in Saskatchewan performing SR&ED and is qualified to claim the federal SR&ED tax credit.

CCPCs are eligible for 10% refundable tax credit for eligible expenses within the $1 million yearly cap, and 10% non refundable credits for the eligible expenses exceeding the limit.

For remaining corporations, the rate is 10% non refundable tax credits on eligible expenses arising after March 31, 2015.

The deadline to claim the credit: Not applicable

Carryback and carryforward: The non refundable tax credit can be carried back 3 years and forward 10 years.

Assistance: The federal pool of deductible and eligible SR&ED credit will be cut down by the Saskatchewan SR&ED tax credit.

Recapture: Not required

Potential to renounce: Corporations canto renounce the right to Saskatchewan R&D tax credits on eligible expenses. Non refundable tax credits can also be renounced before or on the date on which they would be subtracted from expenses.

(Research and development (R&D) tax credit and the funding is in addition to the federal SR&ED program)
(This information is correct as at 31 August 2024)