Saskatchewan Manufacturing and Processing Investment Tax Credit
Tax creditSaskatchewan
A provincial tax credit available to manufacturing and processing corporations in Saskatchewan for the purchase of qualifying new and used equipment. The credit for new equipment is administered by the Canada Revenue Agency and claimed on the T2 Corporate Income Tax Return, while the credit for used equipment is administered by the Ministry of Finance and requires a separate application.
What you'll need
- Copies of purchase invoices
- Financial statements
- T2 Corporation Income Tax Return
- Documentation verifying PST was paid on taxable items