Saskatchewan’s diverse agri-food sector is world renowned for consistently supplying high-quality, agricultural food and ingredients.
In 2017, Saskatchewan exported $13.6 billion in agricultural products to countries around the world – including 12 markets with more than $200 million in sales – accounting for almost half of total export earnings for the province.
From our pristine fields and world-class research facilities, we grow and supply the world market with more than $1.6 billion worth of each of our four signature agricultural products – cereal grains (wheat), oilseeds (canola), edible oils (canola oil) and pulses (peas and lentils).
With a vast, productive land base and collaborative approach to crop development research, Saskatchewan is poised to play an increasingly important role as a major food supplier to the world’s rapidly growing population.
We’re tracking the trends that will offer new opportunities to meet the evolving needs of global consumers – increasing protein needs, demand for different foods, climatic changes, and an overall increased involvement and interest by consumers in their food. Rich soil, clean air, water and sunshine combine in the vast, open prairie climate of Saskatchewan to provide an excellent environment for crop and livestock production. Saskatchewan has 18.9 million hectares of cultivated farmland representing more than 40% of Canada’s total farmland. Extensive transportation infrastructure and irrigation capacity support the province’s agri-food sector.
Saskatchewan leads the world as the largest exporter (by value) of these agri-food commodities:
Invest in Saskatchewan
Rising to the challenges of a growing world population, Saskatchewan is emerging as an economic powerhouse within Canada. The province is leading the nation in many areas of economic growth with a high standard of living and our stable, competitive business climate providing lower-risk investments, especially in the agri-food sector. The Saskatchewan Commercial Innovation Incentive (SCII), the first “patent box” style incentive of its kind in North America, came into effect January 1, 2017. Eligible corporations can reduce their provincial corporate income tax rate to 6% for a period of either 10 or 15 consecutive years.
Announced in April 2018, the Saskatchewan ValueAdded Agriculture Incentive (SVAI) will provide a 15% non-refundable and non-transferable tax credit for new or existing value-added agriculture facilities that make a minimum capital investment of $10 million to expand productive capacity. Eligible corporations can redeem these benefits over a three- to 10-year period after the facility enters operations. The SVAI program will begin accepting applications in mid to late 2018.
The Manufacturing and Processing Exporter Tax Incentive provides non-refundable tax credits to eligible corporations that expand their number of full-time employees above the number employed in 2014. The incentive applies to the traditional M&P sector and to corporations involved in the commercial development of new economy products for export. The incentive offers an eligible business non-refundable tax credits equal to $3,000 in respect of each incremental full-time employee for each of the 2015 through 2019 taxation years.
The province is committed to continued growth and expansion in this processing sector. Investments in expertise, infrastructure, research and development are increasingly supporting our role as a major player in providing food to the world.
From pea protein to oat flour to bio-jet fuel, Saskatchewan’s business is growing
Saskatchewan’s Competitive Environment
Innovation, Value-Added Processing, and Manufacturing Hiring tax incentives Corporate income tax rate as low as 10% on manufacturing and processing profits – one of the lowest in Canada
2% small business tax for Canadian-controlled private corporations
No corporate capital tax for general corporations
No payroll tax
No health premiums levied
6% refundable investment tax credit on manufacturing and processing equipment
10% refundable tax credit for research and development expenditures
6% provincial sales tax – the lowest rate of all provinces with a sales tax
Provincial tax exemptions for eligible machinery, equipment and materials used during the manufacturing processStarting a new company in Saskatchewan? Company Formations offers fast & easy Saskatchewan Company Incorporation and business registration services to domestic and foreign companies and entrepreneurs wishing to operate in Saskatchewan.
Saskatchewan Incorporation service for Canadian residents
Saskatchewan company registration for non-Canadian residents
Saskatchewan extra-provincial registration for domestic corporations
Saskatchewan Company Registration for foreign companies