Canada: Technology start-up incentive credit, expanded carryforward period (Saskatchewan)

Legislation in Saskatchewan reflects measures in the province’s 2021 budget

Legislation in Saskatchewan reflects measures in the province’s 2021 budget

Legislation in Saskatchewan reflects measures in the province’s 2021 budget, as delivered on 6 April 2021.

  • Bill 30 (first reading on 14 April 2021) includes a measure to extend the province’s technology start-up incentive credit through 31 March 2026.
  • Bill 35 (first reading on 20 April 2021) includes a measure to lengthen the carryforward period for the technology start-up credit to seven years (from four years), effective 1 January 2021.

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 (defined as those that are developing new technologies or applying existing technologies in a new way, to create qualifying new proprietary products, services or processes).

Read an April 2021 report prepared by the KPMG member firm in Canada

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