Saskatchewan's Bill 30, which includes a measure to extend the Saskatchewan Technology Start-up Incentive credit through to March 31, 2026, received first reading on April 14, 2021. In addition, the province's Bill 35, which includes a measure to lengthen the carry-forward period for the credit to seven years (from four years), effective January 1, 2021, received first reading on April 20, 2021. These changes were announced in Saskatchewan's 2021 budget which was delivered on April 6, 2021.

These changes are considered substantively enacted for IFRS and Accounting Standards for Private Enterprise (ASPE) purposes on April 14, 2021 and April 20, 2021, respectively, the date the bills received first reading (as Saskatchewan has a majority government). These measures will be considered enacted for U.S. GAAP purposes on the date the related bill receives Royal Assent.


The Saskatchewan Technology Start-up Incentive offers a non-refundable 45% tax credit to individual, corporate or venture capital corporation investments in Eligible Start-up Businesses (ESBs). These ESBs must be developing new technologies or applying existing technologies in a new way, to create qualifying new proprietary products, services or processes.

For more information, contact your KPMG advisor.

Information is current to April 26, 2021. The information contained in this publication is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's National Tax Centre at 416.777.8500