Manufacturing & Processing Investment Tax Credit Saskatchewan

📋 Eligible Entities - Corporations operating in Saskatchewan - Individual proprietors engaged in manufacturing or processing activities - Partnerships involved in eligible manufacturing and processing operations - Businesses must be resident in Canada for tax purposes - Operations must be physically located in Saskatchewan ### 💰 Funding Details - Credit Rate: 6% of qualifying capital expenditures - Form: Non-refundable investment tax credit (reduces provincial income tax payable) - Repayability: Not repayable—this is a tax credit, not a loan - Matching Requirements: None specified - Application Period: Applies to purchases made on or after March 23, 2017 - Claim Timing: Credits claimed against Saskatchewan provincial income tax in the year the property becomes available for use ### 🛠️ Approved Expenses - Manufacturing and processing plant equipment purchases - Machinery used in eligible manufacturing operations - Processing equipment installations - Capital property directly used in manufacturing and processing activities in Saskatchewan - Equipment that becomes available for use in the same taxation year or subsequent years ### ⚠️ Conditions & Milestones - Equipment must be new (not used) and acquired after March 23, 2017 - Property must be used primarily (over 50%) in eligible manufacturing or processing activities - Property must become available for use in Saskatchewan - Business must file Saskatchewan provincial income tax returns to claim the credit - Credit is applied against Saskatchewan income tax liability only - No carryback permitted; unused credits may be carried forward to future years - Claim must be documented with purchase receipts and evidence of equipment use in manufacturing/processing operations