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 is fully refundable and is equal to 6% of the capital cost of a qualified property acquired after March 22, 2017. The rate was previously 5%.

If the rate changes during the tax year, you have to base your calculation on the number of days in the year that each rate is in effect.

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 your return. For more details, see the schedule.

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

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