The Saskatchewan Technology Startup Incentive (STSI)
A tax credit to encourage investment in early-stage technology startups.
Overview
STSI is designed to encourage investment in early-stage technology startups that bring new products to market and create jobs in Saskatchewan.
The program offers a non-refundable 45% tax credit to Saskatchewan-based investors who invest in eligible technology startup businesses (ESBs). Tax credits are allocated on a first-come, first-served basis.
An investor can earn up to $225,000 in tax credits per annual investment in an ESB and claim a maximum of $140,000 per tax year. Tax credits can be carried forward for up to four years.
An ESB under the program can raise a maximum of $1 million in investment.
Startups and investors interested in applying to the program are required to do so through the Online Application Portal. All applicants are strongly advised to review the STSI Program Guide before submitting an application.
Remaining Budget*
Tax credits will be issued on a first-come, first-served basis. Once the budget has been drawn down to zero, the remaining applicants will be eligible for next year's budget allocation.
*Fiscal year ends March 31, 2020
The remaining budget for 2019-20 is: $353,062.60
The remaining budget for 2020-21 is: $2,500,000
*Reposting this but information is from Nov. 2019 and is subject to change.