Incentives to start your business ventures off on the right foot
Government incentives to promote new business and business expansion development
Government Incentives
From city council to the provincial government, there are several incentives available to help you build your business within Swift Current.
Municipal Incentives
Commercial Tax Exemption*
100% exempt in year one
100% exempt in year two
100% exempt in year three
*Applies to any increased assessed valueProvincial Incentives
Corporate income tax rate as low as 10% on manufacturing and processing profits
Manufacturing, processing and exporting hiring tax incentives
No corporate capital tax
No payroll tax
No health premiums levied
5% refundable investment tax credit on manufacturing and processing equipment
10% non-refundable tax credit for research and development expenditures
6% provincial sales tax – lowest rate of all provinces with sales tax
Provincial sales tax exemption for direct agents used in the manufacturing process
Industry-Specific Incentives
Agri-Business
Saskatchewan Value-added Agriculture Initiative (SVAI) , is a non-transferable tax credit on capital expenditures valued at $10 million or more for newly constructed or expanded value-added agriculture facilities in Saskatchewan.
Saskatchewan Lean Improvements in Manufacturing program (SLIM) provides 50% cost-shared funding to a maximum of $500,000, and 50% of Lean Gap Analysis costs to $20,000 maximum.
Deadline to submit pre-approval application is Oct 31, 2027
Agriculture Development Fund provides project funding over $15M per year to public/private researchers
Renewable Energy
Clean Technology Investment Tax Credit provides up to 30% tax credit on eligible technology property until December 31, 2034.
More Information
Get in touch with Swift Current’s Department of Business Development to answer your questions or for more specific information and details about how these government incentives can help benefit your business.
Denise Wall
Business Development &
Tourism Officer
306.778.2700
d.wall@swiftcurrent.ca
www.swiftcurrent.ca