Saskatchewan is committed to creating and nurturing an economic environment that allows businesses of all sizes to grow and prosper.
The Government of Saskatchewan is committed to maintaining stable and competitive royalty rates on natural resources developed in partnership with industry. Government has also introduced several initiatives to reduce red tape and streamline regulations.
Location, location, location
- Saskatchewan's central time zone and central location in North America make it easy to do business throughout the continent
- Saskatchewan has an ideal location for both manufacturing and distribution – only a day away by land from a market of 5 million people, and only two days away from more than 300 million people in Canada and the United States
Taxes and Incentives
- The Saskatchewan corporate income tax rate on manufacturing and processing profits may be as low as 10%
- Manufacturers and processors that establish facilities in Saskatchewan are eligible for a 6% refundable investment tax credit on capital purchases, and direct agents used in the manufacturing process are exempt from the provincial sales tax
- The small business income tax rate for Canadian-controlled private corporations is 2% and applies to the first $500,000 of business income
- Of the Canadian provinces with a provincial sales tax, Saskatchewan's rate of 6% is the lowest
- Saskatchewan does not charge a payroll tax for employers, and there are no health benefit charges
- Toll-free telephone services are exempt from the provincial sales tax
- Saskatchewan has a refundable 10% tax credit for scientific research and development expenditures
- Since 2008, Saskatchewan has reached an estimated $151 billion in new investments (based on Statistics Canada 2017 preliminary estimates).
- International companies that have invested or opened operations in Saskatchewan include:
- BHP Billiton
- K+S Potash
- Yara International
Real Estate and Utilities
- Crown corporations in Saskatchewan supply electricity, natural gas and telecommunication services that are among the most competitive in North America
- Utility rates in Saskatchewan are among the most competitive in North America
- To accommodate economic growth, the federal and provincial governments, along with the City of Regina, are developing the Global Transportation Hub west of the city. The GTH includes major private-sector projects, such as a $200-million facility for Canada's largest food distributor
- We offer research and development infrastructure in a wide variety of areas, such as biotechnology, advanced technologies, and energy development
- Innovation Saskatchewan is the central agency of the Government of Saskatchewan with responsibility for developing policies and programs and conducting activities that assist in the implementation of Saskatchewan's innovation priorities
- Saskatchewan has extensive research infrastructure, with a particular focus on agriculture, agricultural biotechnology, energy, and carbon capture and storage
- A solid infrastructure of road, rail and air transport make Saskatchewan an ideal location for both manufacturing and distribution
- A recent national study ranked Saskatchewan first for freight transportation, primarily because of a high ratio of tonnes of freight per kilometre of rail
- Our highway and municipal road networks constitute the largest rural road system in Canada, totalling more than 190,000 kilometres
- The province has 2,400 trucking companies, two international airports, two major rail lines and nine shortline railroads
Population and Demographics
- Saskatchewan's population is at an all-time high. As of January 1, 2019, there were 1,168,423 people living in the province.
- Saskatchewan has two demographic factors that make it unique:
- The province has the third largest percentage of workers aged 15 to 24 in Canada. In the next 15 years, nearly 200,000 people will reach employment age. This is important considering the wave of baby boomers expected to retire in the next decade.
- Indigenous people made up about 15.6% of the province's population in 2011 and are expected to account for about one in five people in Saskatchewan by 2036. The relatively young age of the Indigenous population provides opportunities to meet future labour demands.
- Saskatchewan has ready access to large reserves of varied resources in the forestry, mining, agriculture and energy sectors
- The Saskatchewan government has publicly committed to maintaining stable and competitive royalty rates on natural resources developed in partnership with industry