Saskatchewan Chemical Fertilizer Incentive (SCFI)
The Saskatchewan Chemical Fertilizer Incentive (SCFI) is a non-refundable, non-transferable 15% tax credit on capital expenditures valued at $10 million or more for newly constructed or expanded eligible chemical fertilizer production facilities in Saskatchewan.
Grant Deadline
Deadline not available
Funding Amount
Deadline not available
Type of Grant
Tax Credit
Sectors
Agri-Food, Agriculture, Biotechnology, Clean Energy, Clean Tech, Construction, Environmental Sustainability, Food Processing, Industrial, Manufacturing, Mining
Demographics
Incorporation
For Profit
Perks
Region Restriction
This grant is restricted to whole of Canada
Keywords
Age Restriction
This grant is age restricted from 18 to 100
Eligibility and Requirements
- Qualifying projects include new and existing eligible chemical fertilizer production facilities. To be eligible, the project must have $10 million in new capital expenditures, demonstrate the expenditures were made for the purposes of increasing productive capacity and meet the program's definition of eligible chemical fertilizer production.
- In order to qualify for the incentive, applicants will be required to provide certification from an independently qualified third party confirming that the eligible capital expenditures resulted in an increase in productive capacity. As long as all requirements are met, the Ministry of Trade and Export Development will issue an SCFI Eligibility Certificate. The tax refund can be claimed by submitting the SCFI Eligibility Certificate to the Ministry of Finance, along with the corresponding T2 taxation information.
- Redemption of the benefits is limited to 20% in year one after the facility enters operation, 30% in year two and 50% in year three. Remaining amounts can be carried forward for up to 10 years.
Grant Application website
Contact
see SCFI – Program Overview and Application Instructions or contact the Ministry of Trade and Export Development at scfi@gov.sk.ca.