The Government of Saskatchewan launched the Saskatchewan Chemical Fertilizer Incentive (SCFI) program on July 27.听
A SaskFirst new growth tax incentive, the SCFI program will help to entice new capital investments in large-scale chemical fertilizer production facilities in Saskatchewan, while creating new construction and operational jobs in the province.听
鈥淭his new Saskatchewan Chemical Fertilizer Incentive makes our strong investment environment even more attractive,鈥� Trade and Export Development Minister Jeremy Harrison said.
鈥淥ur ambitious Growth Plan 2030 highlighted the creation of this SaskFirst new growth tax incentive, which will help ensure the competitiveness of Saskatchewan, as we focus on critical economic recovery now and strong economic growth for our province over the next decade.鈥�
The SCFI fulfills the commitment in Saskatchewan鈥檚 Growth Plan to introduce a chemical fertilizer incentive to encourage investment in the sector in Saskatchewan.听
The SCFI is a non-refundable, non-transferable 15 per cent tax credit on capital expenditures valued at $10 million or more for newly constructed or expanded eligible chemical fertilizer production facilities in Saskatchewan.听
鈥淥ur province has what the world wants in food, fuel and fertilizer,鈥� Harrison said.听鈥淭his new program will build on Saskatchewan鈥檚 already world-class agriculture and fertilizer sectors, helping to diversify and strengthen those industries, our exports, and grow the larger economy right here at home.鈥澨�
To accommodate projects that have been initiated, the program was effective November 1, 2017, and applications for conditional approval must be received before December 31, 2026, to be eligible.听
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