Incentives for success

We believe business shouldn’t be over-burdened with tax, but rather business should be given the opportunity to create wealth for everyone.

Provincial tax burden on businesses

“Saskatchewan has the lowest net business tax burden among the provinces according to a Conference Board of Canada report.”
- Regina Leader Post, May 2, 2016

Corporate tax incentives

Saskatchewan offers a refundable 10 per cent tax credit for research and development expenditures.

For manufacturing and processing equipment, there is a 6.8 per cent refundable investment tax credit. In addition, the Manufacturing and Processing Exporter tax incentive provides tax credits for expansion of full-time employees over 2014 baseline.

Corporate tax rates

Provinces and territories have two rates of income tax – a lower rate and a higher rate.

  • Lower rate – The lower rate applies to the income eligible for the federal small business deduction.
  • Higher rate – The higher rate applies to all other income.
Province or territoryLower rateHigher rate
Saskatchewan2.0%11.5%
Newfoundland & Labrador3.0%15%
Nova Scotia3.0%16%
Prince Edward Island4.5%16%
New Brunswick4.0%12%
Ontario4.5%11.5%
Manitobanil12%
Alberta2.8%12%
Quebec8.0%11.7%

Let’s work together

If you’re ready to talk about investment, contact our Investment Concierge, Michael Zaplitny.