You know it as the Breadbasket of the World, but Saskatchewan’s diverse economy, low tax rates, highly skilled workforce and plenty of incentives, makes it the perfect place for any business that wants to grow in the global economy.
These 20 reasons only scratch the surface of what is possible for your business in Saskatchewan.
1. One of Canada’s Lowest Corporate and Manufacturing Tax Rates
Even before all the tax incentives, Saskatchewan has one of the lowest corporate and manufacturing tax rates in Canada at only 12%.
2. Lots of Available Tax Credits and Business Incentives
Even with a low tax rate, your business can qualify for a cornucopia of tax rebates and business incentives covering everything from each of its rapidly growing resource sectors such as agri-business, mining and forestry, to spurring innovation, supply-chain efficiency, and more!
3. Stable Utility Costs
All major utilities, including electricity, are provided by the government. You can rest assured budgeting out costs knowing utility costs are incredibly stable.
4. Low Cost of Living
Affordable real-estate means your employees have much easier access to buying a home. This not only makes relocating easier, but can give your team members hundreds of thousands of dollars to pocket when moving from Toronto, Vancouver, San Francisco and other expensive markets.
5. Streamlined Immigration
Saskatchewan recently expanded its Express Entry and Occupation In-Demand immigration programs to more than 200 high-skilled occupations. This means it's easier than ever to get the talent your business needs from the global labour pool.
6. 3,000 New Jobs Between 2015 and 2016 Alone!
Nicknamed Silicon Prairie, Saskatoon has become an international leader in advanced technology. Between 2015 and 2016, the province added more than 3,000 new jobs!
7. 6% Corporate Tax Rate to Companies Commercializing IP
Eligible companies commercializing intellectual property can take advantage of the Saskatchewan Commercial Innovation Incentive, combine that with the R&D refundable tax credit, and commercialization becomes incredibly affordable.
8. Saskatchewan Food Industry Development Centre
The province keeps its crown at the forefront of food processing technology with the help of non-profit organizations like the Food Centre in Saskatoon. They offer complete assistance to processors seeking to add value to their products for both domestic and international markets.
9. Global Pioneers in Plant-Based Foods
Being the world-leading exporter of lentils and peas put Saskatchewan in a unique position to be proud global trailblazers in the rapidly growing plant-based food sector. Between its strong, developed infrastructure and highly-skilled talent pool, Saskatchewan is building the food infrastructure of the future.
10. Central North American Location with Great Transportation
The four corners of this massive province stretch right in the middle of North America. Together with its excellent rail and road networks, your business’s supply chain has excellent connections to Asian, European and American markets.
11. Huge Opportunities in Supply Chains for Manufacturers
The provincial government has invested heavily in making its resource sector as efficient as possible. This means there are huge opportunities in manufacturing when it comes to an accessible supply chain.
12. Manufacturers have Direct Access to Locally-Produced Steel Supply
Locally produced steel is within arms reach for your business as Regina is home to the largest steel company in Western Canada.
Saskatchewan is the world’s leading exporter of:
Not to mention, it’s also Canada’s second-largest cattle-producing province.
14. Food Processing Sector Doubled its Revenue in 15 Years
Between 2004 and 2019, the annual revenue of value-added agriculture has more than doubled going from $2.3 billion to over $5.2 billion!
15. More than $14 Billion in Goods Shipped Across the World
Agri-business is responsible for exporting over $14 billion of goods across the world annually. More specifically, the province’s more than 300 food processing facilities ship over $4 billion of goods to the United States, Mexico, Europe, Japan and more every year!
16. 1.2 Million Cubic Meters (42.4 Million Cubic Feet) of Available Timber
With woodlands the size of Germany, the province has approved massive tracks of forests for the development of new mills.
17. 650k Oven-Dried Tonnes of Available Wood Biomass
Whether for energy, or manufacturing, there are literally tonnes of wood biomass available for the taking.
18. World Leader in Potash and Uranium Mining
It should come as no surprise such a global leader in Agri-business is also the global leader in Potash mining, a key ingredient in fertilizer. This speaks to the province’s extensive work creating resilient supply chains.
19. 25% Tax Rebate for Diamonds, Base, and Precious Metals
When talking about untapped potential in Saskatchewan, look no further than mining. Not only are there plenty of metals and diamonds in the ground waiting, but the province will provide eligible businesses with a 25% tax rebate for drilling them up!
20. The Most Attractive Jurisdiction for Mining Investment
Because of its resilient regulatory and royalty systems, as well as its welcoming business and investment culture, Fraser Institute ranked Saskatchewan as the most attractive jurisdiction in Canada for mining investment in 2019.
As more and more businesses uncover the untapped economic power of this province, now is the best time to maximize the potential for growth of your business, by getting involved in Saskatchewan’s rapidly developing economy.
There’s never been a better time to book your trip to Saskatoon and Regina to start meeting industry players. Our spacious, fully-furnished apartments and houses come complete with everything from fully-equipped kitchens to expert concierge services. Our short-term rental suites will give you the most comfortable business trip in Saskatoon and Regina.
--
To make the best impression at your meeting, make sure you get the best R&R from your accommodation!
The next time you travel for business in Regina or Saskatoon, make sure you book a short-term rental that gets you all the R&R you need to make the best impression possible.
At OBASA / Six Three Suites, our executive suites provide you with all the comforts of home and all the luxury of a hotel. Our fully-furnished apartments and houses come equipped with full kitchens, high-speed wifi, heated parking, in-suite washer and dryer, modern entertainment systems, concierge and of course, our signature bedding.
Get in touch with us to find out what we can do to make your next business trip to Regina or Saskatoon the most perfect trip possible. We have suites available for pet-owners too!
