The Farm and Small Business Capital Gains Tax Credit applies Saskatchewan's lowest statutory tax rate to eligible taxable capital gains in excess of the capital gains deduction. The eligible capital gains must have arisen from the disposition of "qualified farm property" or "qualified small business corporation shares."
The tax credit applies to capital gains from sales that take place in taxation years from 2001 to present.
To claim this tax credit on your Saskatchewan income tax return you will need to use Form 1237, which can be obtained from the Canada Revenue Agency.