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

New business tax assessment exemption*
- 100% exempt in year one
- 50% exempt in year two
- 25% exempt in year three
Existing business expansion tax exemption*
- 100% exempt in first two years
- 50% exempt in year three
- 25% exempt in year four
City Council may provide up to five years of 100% tax exemption

*applies to new construction

Provincial 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

Renewable Energy

35% rebate for wind turbines 100KW or less

Agri-Business

Saskatchewan Lean Improvements in Manufacturing program provides 50% cost-shared funding to a maximum of $500,000, and 50% of Lean Gap Analysis costs to $20,000 maximum.
Saskatchewan Agri-Value Initiative provides a maximum of $100,000 over a four-year period for prototype and product development, system improvements, marketing/market opportunities and skills and training
Agriculture Development Fund provides project funding over $14M per year to public/private researchers

More Information

Get in touch with Swift Current’s Department of Community Development to answer your questions or for more specific information and details about how these government incentives can help benefit your business.

Marty Salberg

Director of Community Development

306.778.2700

m.salberg@swiftcurrent.ca www.swiftcurrent.ca