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Saskatoon Regional Economic Development Authority
Tax abatement incentive to encourage business in Saskatoon
Helps businesses in Saskatoon reduce costs through tax exemptions, waived utility deposits, and lowered fees. Aims to support local development and growth.
A property tax abatement program offered by the City of Saskatoon for eligible expansion or construction projects. Incentives may include exemptions or reductions of city taxes or fees, waiving of utility deposits and down payments on land, and exemptions or reductions of prepaid servicing levies. Abatements are calculated based on the incremental increase in property tax from the newly assessed value of the property and can be received for up to 5 years. Projects creating significant employment may be eligible for a full 100% abatement across all five years.
Business Size: small, medium, large
Industries: energy, oil and gas, mining, manufacturing, processing technology, transportation and logistics, telecommunications, data processing
Region: Saskatoon, Saskatoon Region
Other Criteria: Minimum investment of $500,000 in building, land, or leasehold improvements, Minimum of 5 new full-time jobs must be created and maintained throughout the abatement, Businesses must apply for the incentive before beginning with an expansion or new building project, Businesses must apply for the incentive prior to applying for a building permit through the City of Saskatoon, Projects must be eligible expansion or construction related
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This program is available to small, medium, large businesses in energy, oil and gas, mining industries located in Saskatoon, Saskatoon Region.
This program offers funding up to $600,000,000.
Check the official program website for current deadlines.
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