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 March, 2019)
Saskatchewan region is served through our office in Calgary
Canadian SR&ED Solutions
Suite # 1901 - First Alberta Place
777 - 8 Avenue SW