Saskatchewan manufacturing and processing investment tax credit

You can earn this credit on qualified property that is used in Saskatchewan mainly for manufacturing or processing goods for lease or sale.

The credit you can earn is 5% on qualified property acquired after October 27, 2006.

The credit earned on qualified property acquired after April 6, 2006, is fully refundable, but must first be applied against total taxes payable. There are no carry-back or carry-forward provisions.

The credit earned on qualified property acquired before April 7, 2006, is non-refundable. Any unused credit that has not expired can be carried forward for up to 10 years that follow the tax year in which you earned the credit.

Corporations that are exempt under section 149 of the federal Income Tax Act are not eligible for this credit.

Claiming the credit

File a completed Schedule 402, Saskatchewan Manufacturing and Processing Investment Tax Credit, with the return. See the schedule for more details.

On line 630 of Schedule 5, Tax Calculation Supplementary - Corporations, enter the amount of the non-refundable credit you are claiming.

On line 644 of Schedule 5, Tax Calculation Supplementary - Corporations, enter the amount of the refundable credit you are claiming.

Forms and publications

• Schedule 402, Saskatchewan Manufacturing and Processing Investment Tax Credit
• Schedule 5, Tax Calculation Supplementary - Corporations

Related topics

• Saskatchewan manufacturing and processing profits tax reduction

Government partners

• Saskatchewan (provincial site)