A Bill designed to increase investment in early stage technology companies was introduced for first reading in the Saskatchewan Legislature today (Mon).
Bill 129, if passed, would offer a 45 per cent non-refundable tax credit for individual and corporate equity investments in technology start-up businesses.
The maximum annual benefit per investor would be $140-thousand.
This incentive program was announced in the budget and would be managed by Innovation Saskatchewan.
It will be a two-and-a-half year pilot program, capped at $1.5-million in its first year.