Crédit d'impôt pour la R-D en Saskatchewan ### 📋 Eligible Entities - Canadian-controlled private corporations (CCPCs) - Small and medium-sized enterprises (SMEs) operating in Saskatchewan - Corporations with permanent establishments in Saskatchewan - Organizations engaged in eligible R&D activities within the province - Note: Eligibility may depend on revenue thresholds and R&D intensity requirements ### 💰 Funding Details - Credit Rate: 10% refundable tax credit - Maximum Annual Benefit: $1,000,000 CAD per fiscal year - Nature: Refundable tax credit (can generate refunds if credit exceeds tax liability) - Repayability: Non-repayable (grant-based, not a loan) - No Matching Requirements: Applicant funds 100% of R&D expenses; credit is calculated on eligible expenses incurred ### 🛠️ Approved Expenses - Salaries and wages of R&D personnel - Materials and supplies consumed in R&D activities - Equipment and machinery used directly in R&D - Subcontracted R&D services to eligible providers - Professional fees related to R&D projects - Laboratory and testing costs - Software development and IT infrastructure for R&D - Excludes: Land, buildings, routine testing, and commercially available off-the-shelf solutions ### ⚠️ Conditions & Milestones - Expenses must be incurred within Saskatchewan for eligible R&D projects - R&D activities must represent genuine technological or scientific advancement - Documentation of all eligible expenses required (receipts, payroll records, time tracking) - Annual claim filed with Saskatchewan tax return - Credit calculated based on verified eligible expenditures - Retroactive claims may be subject to specific timelines (typically 3-6 years) - Ongoing compliance and record-keeping obligations for audit purposes - Credit applies to the fiscal year in which expenses are incurred