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A number of pages on the Government of Saskatchewan`s web site have been professionally translated in French. These translations are identified by a yellow text box that resembles the link below and can be found in the right hand rail of the page. The home page for French-language content on this site can be found here:

Renseignements en Français

Where an official translation is not available, Google™ Translate can be used. Google™ Translate is a free online language translation service that can translate text and web pages into different languages. Translations are made available to increase access to Government of Saskatchewan content for populations whose first language is not English.

The results of software-based translation do not approach the fluency of a native speaker or possess the skill of a professional translator. The translation should not be considered exact, and may include incorrect or offensive language Government of Saskatchewan does not warrant the accuracy, reliability or timeliness of any information translated by this system. Some files or items cannot be translated, including graphs, photos, and other file formats such as portable document formats (PDFs).

Any person or entities that rely on information obtained from the system does so at his or her own risk. Government of Saskatchewan is not responsible for any damage or issues that may possibly result from using translated website content. If you have any questions about Google™ Translate, please visit: Google™ Translate FAQs.

Corporation Income Tax

All resident corporations (except tax-exempt Crown corporations, Hutterite colonies and registered charities) have to file a corporation income tax (T2) return with the Canada Revenue Agency every tax year even if there is no tax payable.  This includes:

  • Non-profit organizations;
  • Tax-exempt corporations; and
  • Inactive corporations.

Corporations with a permanent establishment in Saskatchewan must calculate and remit Saskatchewan corporation income tax in addition to federal income tax. This is levied as a percentage of the share of a corporation's taxable income that is allocated to the province.

More information on filing corporation income tax is available through the Canada Revenue Agency

Tax Rates

Small Business Rate

Saskatchewan small businesses, defined as Canadian-controlled private corporations, pay a reduced rate (commonly known as the small business rate) of 2% on the first $500,000 of eligible business income.

General Rate

The general tax rate applies to all income not eligible for the small business rate. Effective July 1, 2017, the general rate of corporation income tax decreases from 12% to 11.5%. It will further decrease to 11% effective July 1, 2019.

The tax rate reduction will be pro-rated for corporate taxation years that straddle the effective dates.

Manufactuing and Processing Rate Reduction

Corporations involved with manufacturing and processing (M&P) activities receive a tax reduction of up to two percentage points, depending on the extent of the company’s presence in the province.

                       Saskatchewan's Corporation Income Tax Rates

 

 Up to July 1, 2017

July 1, 2017 to June 30, 2019

After July 1, 2019 

General

12.0%

11.5% 

11.0% 

M&P Profits

10.0%

9.5% 

9.0% 

Small Business

2.0%

2.0% 

2.0% 

SB Threshold

$500,000

$500,000 

$500,000 


Tax Incentives

Corporations may also qualify for other Saskatchewan tax credits in support of investments in Manufacturing and Processing, and Research and Development.

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