The Value Behind Saskatchewan’s Manufacturing Tax Credit

Amid the daily demands of managing a manufacturing or processing operation, tax credit opportunities often take a back seat. However, if your business has recently invested in new equipment, facility upgrades, or production expansion in Saskatchewan, you could be missing out on a valuable government incentive that directly enhances cash flow.

What is the Saskatchewan M&P ITC?

At its core, the M&P ITC refunds 6% of the provincial sales tax (PST) you paid on qualifying capital investments. That may not sound like much until you tally up your equipment purchases and facility upgrades over the last 12–18 months.

Suddenly, you’re looking at tens or even hundreds of thousands of dollars that could come back to your business, fully refundable, even if your tax liability is minimal.

The credit is designed to make investing in Saskatchewan more attractive, especially for companies building the future of advanced manufacturing, agri-food, energy, and beyond. But the real advantage isn’t just in saving money, it’s in freeing up cash to reinvest in automation, R&D, or expansion.

Understanding eligibility for the M&P ITC

Like most government programs, the M&P ITC comes with fine print. It’s governed by federal tax rules under subsections 4600(1) and 4600(2), alongside provincial PST regulations. This can make navigating eligibility feel more like solving a tax code puzzle than claiming a credit.

Many companies don’t realize their assets qualify or they miss the timing and documentation requirements altogether.

Why Saskatchewan manufacturers should act now

With economic pressures, rising input costs, and global supply chain challenges, capital efficiency is more important than ever. If you’re already making significant investments in Saskatchewan, programs like the M&P ITC should be part of your funding strategy, not an afterthought.

You’re already spending the money. This credit helps you recover a portion of it and reinvest it where it matters most.

How Ayming helps you maximize your M&P ITC claim

That’s where Ayming Canada makes a difference. With decades of experience in government incentives and tax credit consulting, we help clients claim what they’re entitled to—without the administrative burden.

Our team combines tax experts, engineers, and industry analysts who:

• Understand the technical criteria inside and out

• Coordinate directly with Saskatchewan Finance and the CRA

• Optimize your claim by aligning it with other programs like SR&ED tax credit and government grants

We make sure you’re claiming every eligible dollar with audit-ready documentation and minimal risk.

If you’re investing in Saskatchewan, you should be claiming

Too often, manufacturers leave money on the table simply because no one told them it was there.

So if you’re buying equipment, expanding operations, or building for the future in Saskatchewan, now’s the time to act. You could be eligible for a substantial refund and it costs you nothing to find out.

Book a free consultation with one of our experts today to get started.