Manufacturing & Processing Investment Tax Credit Saskatchewan
Get back up to 6% of qualifying new or used manufacturing and processing equipment costs in Saskatchewan. This is a refundable tax credit claimed at tax time — you can benefit even in a low-profit year. Verified against the official source on July 2, 2026.
How we verify funding records →
Before you spend a dollar
Claims are processed with your annual tax return or application submission; confirm processing times on the official page.
At a glance
Subject to program rules, available funding, and approval. Confirm current details with the official program administrator.
Not sure if you qualify?
Get a free, 2-minute read on whether this program fits your business. No obligation.
Check your fit →Is this for you?
- You are a corporation engaged in manufacturing or processing within Saskatchewan.
- You are purchasing qualifying new or used equipment for your business operations.
- You have paid PST on used equipment purchases and can provide proof of payment.
Probably not the right fit if
- You are a sole proprietorship, partnership, or any non-corporate entity.
- Your business is not in the manufacturing or processing sector.
- Your business is located outside of Saskatchewan.
How much you'd realistically get
6% of qualifying new or used M&P equipment costs (5% for property acquired before March 23, 2017); no maximum cap is published — confirm details on the official page.
What may be supported
- Purchase of qualifying new manufacturing or processing equipment
- Purchase of qualifying used manufacturing or processing equipment where PST was paid
How applying works
Effort: moderateYou must prepare and file specific schedules with your T2 return or submit a detailed application package with invoices and financial statements.
- 01Determine if your equipment is new or used.
- 02For new equipment: Complete Schedule 402 and include it with your annual T2 Corporate Income Tax Return.
- 03For used equipment: Gather purchase invoices, financial statements, T2 return, and PST payment proof.
- 04Submit the Manufacturing and Processing Investment Tax Credit on Used Equipment application to the Ministry of Finance, Revenue Division.
- 05Confirm specific credit amounts and deadlines on the official page.
Who to ask: Inquiry Centre Toll Free Phone 1-800-667-6102; Email SaskTaxInfo@gov.sk.ca
Documents commonly required
- Completed Schedule 402 (for new equipment)
- Purchase invoices
- Financial statements
- T2 Corporation Income Tax Return
- Documentation verifying PST was paid (for used equipment)
How BBN Labs helps
- BBN coordinates qualified partners for the installation of your new manufacturing equipment so you can focus on production.
- BBN designs digital workflows and automation around the new machinery as a complementary upgrade, boosting efficiency and output for your shop.
- BBN guides you through the application steps and deadlines so you don't lose the funding.
What to know before you count on it
- This is a tax credit claimed on your corporate return, not an upfront grant — the cash arrives after filing.
- Used equipment claims require strict documentation proving PST was paid.
- The program is strictly for manufacturing and processing corporations.
- No maximum cap is published — confirm the details for your purchase on the official page.
What are your odds?
Approval depends on meeting strict corporate and equipment eligibility criteria; confirm specifics on the official page.
Frequently asked questions
Who administers this credit?
The CRA administers claims for new equipment via the T2 return. The Ministry of Finance, Revenue Division administers claims for used equipment.
What documents are needed for used equipment?
You need purchase invoices, financial statements, your T2 Corporation Income Tax Return, and proof that PST was paid on all taxable items.
Is this available for sole proprietors?
No, it is strictly for manufacturing and processing corporations.
What you can combine it with
Related to Saskatchewan Manufacturing and Processing Exporter Tax Incentives; check if you qualify for both.
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Get alerted when this changes
Programs open and close, budgets run out, rules change. We send one short email when something changes that matters for this program.
Record last updated July 3, 2026; last verified July 2, 2026 against the official source. Source: official program page.