Summary

This Act creates a tax credit program for people who invest in eligible small and medium businesses or registered venture capital corporations in Saskatchewan. Investors can receive a rebate of up to 45% of their investment through provincial income tax credits, with caps on how much individuals can invest annually and how much each business can raise.

The Act establishes a tax incentive to encourage investment in Saskatchewan small and medium enterprises. If you invest in a business or venture capital fund that has registered under this program, you can claim a provincial tax rebate worth up to 45% of what you invested. For example, if you invest $10,000 in an eligible business, you could receive a $4,500 tax credit. There are limits: individual investors can put in up to $500,000 per business annually, and each eligible business can raise a prescribed maximum (the exact amount will be set in regulations). If you sell your shares or the business redeems them within three years, you must repay the tax credit. The program runs from 2025 until at least June 30, 2028, though that deadline may be extended. Investors cannot take control of the business (no more than 50% ownership), and businesses must use the funds in ways the Act permits. The minister maintains a public register of eligible businesses and venture capital corporations. Penalties apply for false statements or misuse of funds.