REGINA — The Government of Saskatchewan introduced legislation that will extend the Saskatchewan Commercial Innovation Incentive (SCII).
The new sunset date for SCII is June 30, 2027.
The SCII is a tax incentive designed to support businesses commercializing innovation by reducing the provincial Corporate Income Tax (CIT) rate to six per cent for a period of 10 consecutive years. Eligible companies can extend the CIT benefit period to 15 years, if 50 per cent or greater of the related research and development has been conducted in Saskatchewan.
Last year, the Government of Saskatchewan began an external review aimed at improving the program's eligibility requirements and simplifying the application process. Based on this review, the SCII will be eliminating the economic eligibility criteria to further improve eligibility.
For more information on the SCII, please visit:
