Business Incentives - SREDA

Business Incentives

Fuel your growth with a range of incentives, including tax credits, grants, low-interest loans, and funding programs. Whether you’re launching, expanding, or innovating, our business-friendly environment provides the support needed to reach your goals faster.

City of Saskatoon Business Development Incentive

Administered by SREDA, the City of Saskatoon established tax abatement incentives to encourage the attraction and expansion of businesses to facilitate investment and long-term job creation. These Business Development Incentives may include exemptions or reductions of city taxes or fees, waiving of utility deposits and down payments on land, and exemptions or reductions of prepaid servicing levies.

Business Incentives

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City of Saskatoon Business Development Incentive

Administered by SREDA, the City of Saskatoon established tax abatement incentives to encourage the attraction and expansion of businesses to facilitate investment and long-term job creation.

Vacant Lot and Adaptive Re-use Incentive Program

The Vacant Lot and Adaptive Re-use Incentive Program is designed to encourage development on existing vacant or brownfield sites, and the reuse of vacant buildings in established buildings in the city by providing financial and/or tax-based incentives to owners of eligible properties.

Saskatoon Neighbourhood Planning

Targeted Mineral Exploration Incentive (TMEI)

The Targeted Mineral Exploration Incentive (TMEI) supports the diversification of Saskatchewan’s mineral sector by encouraging exploration for base metals, precious metals, and diamonds. Other components of the strategy include the provision of new airborne geophysical data and complementary ground-based geoscience investigations.

Saskatchewan Business Incentives

Saskatchewan Value-Added Agriculture Incentive (SVAI)

The Saskatchewan Value-Added Agriculture Incentive (SVAI) program offers non-refundable tax credits on capital expenditures valued at $10 million or more for newly constructed or expanded value-added agriculture facilities in Saskatchewan.

Saskatchewan Business Incentives

Saskatchewan Investment Tax Credit (ITC) for Manufacturing and Processing (M&P)

The Saskatchewan Investment Tax Credit (ITC) for Manufacturing and Processing (M&P) is available to manufacturing and processing corporations filing a T2 CIT return with some allocation of taxable income to Saskatchewan. This is a refundable tax credit designed to encourage plant and equipment investment for M&P activities in Saskatchewan.

Saskatchewan Tax Incentives

We’re here to help

Let our team guide you. Our experts are here to answer any of your questions and help you on your path to success.

Brad Bly

Director, Economic Development

(306) 664-0720 bbly@sreda.com