What is New?
Saskatchewan's portion of the R&D tax credit is now fully refundable. As of May 14, 2009, Saskatchewan based businesses can now get a full refund of there R&D tax credits at the rate of 15% of the qualifying expenditures incurred after March 18, 2009. Prior to the changes introduced in Bill 87, the Saskatchewan credit was non refundable.
No changes have been made to the definition of qualifying work that can be claimed.