Saskatchewan Commercial Innovation Incentive (SCII)
The Saskatchewan Commercial Innovation Incentive (SCII or 'Patent Box') is a new-growth tax incentive that offers eligible corporations a reduction of the provincial Corporate Income Tax Rate (CIT) to six per cent for 10 consecutive years for eligible corporations that commercialize their qualifying intellectual property in Saskatchewan. Companies can extend the benefit period to 15 years if at least 50 per cent of the related research and development (R&D) in advance of commercialization occurred and was conducted in Saskatchewan.
Grant Deadline
Deadline not available
Funding Amount
Deadline not available
Type of Grant
Tax Credit
Sectors
All Sectors
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
To qualify for the program, an applicant must meet the following requirements:
a) Own or license qualifying intellectual property that is linked to the commercialization of new goods, services, or processes in Saskatchewan. The qualifying IP/good(s), service(s), and process(es) must meet one of the following definitions:
- The proposed innovation has as no equivalent in the Canadian marketplace or is an exceptional advance on the current state of the art in Canada;
AND/OR,
- The proposed innovation has unique features and benefits that offer exceptional differentiation from current competitive offerings in the Canadian marketplace and is sufficiently unique that the potential exists to create a competitive advantage or create a new market niche.
b) Establish/identify an eligible corporation where the only sources of revenue are related to the commercialization of the qualifying intellectual property.
c) Demonstrate new economic benefits to Saskatchewan by meeting two of the five economic benchmarks (these can be accumulative over any period of time):
- $3 million in R&D expenditures in Saskatchewan (including labour costs) – consisting of new R&D, existing R&D pertaining to the qualifying intellectual property, or a combination of new and existing R&D;
- 10 net new full-time employees;
- $10 million in net new capital expenditures;
- $3.5 million in new provincial CIT taxes paid; or
- Propose a new economic benefit benchmark as pre-approved by the Ministry of Trade and Export Development.
d) Once the applicant/eligible corporation demonstrates the required new economic benefits to Saskatchewan, it will be issued an SCII Certificate. The corporation can then submit the SCII Certificate to the Ministry of Finance at a time of its choosing to begin claiming its 10 or 15-year corporate income tax rebate benefit period.
Grant Application website
Contact
For more information about the program, see SCII – Application for Scientific Eligibility and SCII – Application for Economic Eligibility, or contact the Ministry of Trade and Export Development at scii@gov.sk.ca.
For information on the SCII – Claim Form, contact the Ministry of Finance at:
Phone: 1-800-667-6102 or 306-787-6645
Email: sasktaxinfo@gov.sk.ca