Saskatchewan manufacturing and processing profits tax reduction

You can claim this reduction if at any time in the tax year you meet all the following:

  • you had a permanent establishment in Saskatchewan
  • you earned taxable income in Saskatchewan
  • you had Canadian manufacturing and processing profits in Saskatchewan

The profits from producing or processing electrical energy or steam for sale can be included with Canadian manufacturing and processing profits for this tax reduction.

You can reduce the Saskatchewan income tax rate on Canadian manufacturing and processing profits by up to 2%.

Claiming the reduction

You can calculate the reduction on Schedule 404, Saskatchewan Manufacturing and Processing Profits Tax Reduction. Schedule 404 is a worksheet and you do not have to file it with your return. For more details, see the schedule.

On line 626 of Schedule 5, Tax Calculation Supplementary – Corporations, enter the amount of reduction you are claiming.

You must claim this reduction within three years of the filing due date of your return for the applicable tax year.

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