This program is designed for businesses like yours in the oil, gas, helium, and lithium sectors. It offers transferable Crown royalty and freehold production tax credits at a rate of 15% of eligible program costs. This means you can benefit even if you are not a producer or royalty payer, as you can transfer credits to those who are.

Why Apply?

• Significant Financial Support: Up to CAD $75 million in credits for oil, gas, helium, and lithium projects, and CAD $70 million for chemical fertilizer projects.
• Flexible Credit Usage: Credits can be claimed over three years—20% in the first year, 30% in the second, and 50% in the third.
• Multi-Company Projects: Costs can be shared among multiple firms, making it easier to manage large projects.

What's in it for You?

• Enhanced Project Viability: The program supports both new and expanding facilities, ensuring your project has the necessary financial backing.
• Additional Incentives: You can combine this program with other incentives and grants available in Saskatchewan, maximizing your financial benefits.
• Ease of Qualification: The program is designed to be accessible, with clear guidelines and support from the Ministry of Energy and Resources.

Applying for this program can provide your business with the financial leverage needed to expand and innovate, ensuring long-term growth and sustainability.

Type of Financing: Transferable Crown Royalty and Freehold Production Tax Credits

Repayment Terms and Interest Rates:

• No repayment terms or interest rates are associated with this program, as it provides tax credits rather than a loan or grant.

Eligible Expenses:

• Costs related to greenfield or brownfield value-added projects.
• Eligible sectors include oil, gas, helium, lithium, and chemical fertilizer facilities.
• Specific projects such as refineries, petrochemical facilities, associated gas commercialization, helium processing, carbon capture, and commercialization of byproducts and waste products.

Use of Funds:

• Funds can be used towards:
  • Refineries/upgrading facilities (e.g., partial upgraders, asphalt production, sulphur removal units).
  • Petrochemical facilities (e.g., methanol, ammonia, polypropylene, olefins, ethylene).
  • Associated gas commercialization projects (e.g., processing facilities, waste-gas-to-power).
  • Helium processing or liquefaction facilities.
  • Carbon capture, utilization, and storage for enhanced oil recovery.
  • Commercialization of oil and gas production byproducts and waste products (e.g., lithium extraction from produced oilfield water).
  • Chemical fertilizer facilities.
  • Lithium processing facilities.

Restrictions on Use of Funds:

• The funds cannot be used for any expenses outside the scope of the eligible projects and sectors mentioned above.

Fees:

• There are no fees associated with applying for or receiving the tax credits under this program.

This program offers your business transferable tax credits. You can receive up to 15% of eligible project costs back as credits. These credits can be transferred to other companies, making them highly flexible.

You can use the credits for a variety of projects, such as:

• Building or upgrading refineries
• Setting up petrochemical facilities
• Commercializing waste gas
• Processing helium or lithium
• Capturing and storing carbon
• Developing chemical fertilizer facilities

The program is designed to support large-scale investments. You can claim up to $75 million in credits for oil, gas, helium, and lithium projects, and up to $70 million for chemical fertilizer projects. The credits are distributed over three years: 20% in the first year, 30% in the second year, and 50% in the third year.

This program can be combined with other incentives and grants, providing a robust financial boost to your business.