Effective July 11, 2021, Saskatchewan entered Step Three of the Re-Opening Roadmap and the public health order relative to COVID-19 was lifted. All restrictions related to the public health order were removed as of that date.

Google Translate Disclaimer

A number of pages on the Government of Saskatchewan's website have been professionally translated in French. These translations are identified by a yellow box in the right or left rail that resembles the link below. The home page for French-language content on this site can be found at:

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.

Software-based translations 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. The 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 $600,000 of eligible business income earned.

As announced on December 7, 2020, Saskatchewan's small business corporate income tax rate temporarily drops from 2% to zero effective October 1, 2020. Beginning July 1, 2022, the small business tax rate will move to 1%. And on July 1, 2023, the small business tax rate will return to 2%.

As of January 1, 2018, the small business income threshold increased from $500,000 to $600,000.

Changes to the rate and income threshold are pro-rated for corporate taxation years that straddle effective dates.

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 decreased from 12% to 11.5%. Effective January 1, 2018, the general rate of corporation income tax increased from 11.5% back to 12%.

The tax rate changes are pro-rated for corporate taxation years that straddle the effective dates.

Manufacturing 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
Dec. 31, 2017
Jan. 1, 2018 to
Sept. 30, 2020
Oct. 1, 2020 to
June 30, 2022
July 1, 2022 to
June 30, 2023
July 1, 2023
and onward
General 12.0% 11.5% 12.0% 12.0% 12.0% 12.0%
M&P Profits 10.0% 9.5% 10.0% 10.0% 10.0% 10.0%
Small Business 2.0% 2.0% 2.0% 0.0% 1.0% 2.0%
SB Threshold $500,000 $500,000 $600,000 $600,000 $600,000 $600,000

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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