Scaling R&D with Canada’s Largest Tech Ecosystem.
🔬 SR&ED Expert Insight:Saskatoon is a leader in Biotech, Crop Science, and Mining Tech, standing at the center of the world's most critical supply chains. Scaling a science-based company here requires long-term vision and significant R&D capital. For 2026, the federal focus on Critical Minerals and Agriculture makes Saskatoon’s innovation more valuable than ever. GrowWise helps local firms navigate the "Why and How" of SR&ED to ensure your field trials and processing experiments get the maximum refund, keeping your scientists focused on the breakthrough.
(Including 55% Proxy Boost)
In 2026, Saskatchewan has introduced significant enhancements to its R&D tax landscape, aligning with federal modernization to support Saskatoon’s booming AgTech, Biotech, and Mining-Tech sectors. At GrowWise, we help local innovators navigate these expanded provincial incentives to maximize their non-dilutive funding.
This is the primary provincial mechanism for supporting technical innovation, designed to reward companies that conduct experimental development within Saskatchewan.
The Benefit: A 10% tax credit on qualified R&D expenditures.
The 2026 Refundable Boost: For Saskatchewan-based Canadian-controlled private corporations (CCPCs), the annual expenditure limit for the refundable portion of the credit has doubled to $2 million (up from $1 million). This allows scaling startups to receive up to $200,000 in cash annually.
Non-Refundable Status: Expenditures exceeding the $2 million limit, or those incurred by non-CCPCs, remain eligible for a 10% non-refundable credit to offset provincial income tax.
Capital Expenditure Restoration: In a major 2026 update, capital expenditures (such as specialized lab equipment, new machinery, and even related lease costs) are once again eligible for the 10% credit.
Saskatoon Context: For a crop-science startup near Innovation Place or a mining-tech firm developing automated extraction tools, this restoration means that expensive hardware and specialized instruments now contribute directly to your provincial refund.
Claim Limit: The total combined refundable and non-refundable credits a corporation can claim is capped at $1 million per year, providing a massive runway for even the most research-intensive firms.
