Overview
New Equipment: The Saskatchewan Manufacturing and Processing (M&P) Investment Tax Credit (ITC) for qualifying new equipment is administered by the Canada Revenue Agency on behalf of Saskatchewan. It may be claimed by including a completed Schedule 402 with the annual T2 Corporate Income Tax Return.
Used Equipment: The M&P ITC on Used Equipment is available to all manufacturing and processing corporations who purchase qualifying used M&P equipment on which PST has been paid.
Eligibility
Important information on eligibility requirements can be found in the Saskatchewan Manufacturing and Processing Investment Tax Credit Information Bulletin
Please read the Information Bulletin thoroughly prior to applying for the incentive.
How to Apply
The ITC for qualifying new equipment is administered by the Canada Revenue Agency on behalf of Saskatchewan. It may be claimed by including a completed Schedule 402 with the annual T2 Corporation Income Tax Return.
The ITC for qualifying used equipment is administered by the Ministry of Finance. It can be claimed by completing and submitting a Manufacturing and Processing Investment Tax Credit on Used Equipment application, including:
- Copies of purchase invoices;
- Financial statements;
- T2 Corporation Income Tax Return; and
- Documentation verifying PST was paid on all taxable items.
Submit applications to:
Ministry of Finance
Revenue Division
Box 200
Regina SK S4P 2Z6