The Saskatchewan Chemical Fertilizer Incentive program is designed to help attract new capital investments in large-scale chemical fertilizer production facilities while also create new job opportunities.
Trade and Export Development Minister Jeremy Harrison says our province has what the world wants in food, fuel and fertilizer.
"This new program will build on Saskatchewan’s already world-class agriculture and fertilizer sectors, helping to diversify and strengthen those industries, our exports, and grow the larger economy right here at home."
The Saskatchewan Chemical Fertilizer Incentive is a non-refundable, non-transferable 15% tax credit on capital expenditures valued at $10 million or more for newly constructed or expanded eligible chemical fertilizer production facilities in Saskatchewan.
In order to also accommodate projects that have already been started, the program is retroactive to November 1, 2017.
Applications for the programs' conditional approval must be received before December 31, 2026, in order to be eligible.
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