City Incentives

There are a variety of incentives available for businesses seeking to grow and improve their business in Yorkton. 

Business Improvement Incentive Program

The Business Improvement Incentive Program was created to encourage all commercial property owners in the City of Yorkton to enhance the appearance of their buildings and to help lower costs for the creation and expansion of locally-owned businesses. 

Façade and Site Improvements Incentive Program

New for 2021, this program provides incentives to property and business owners to renovate, restore, or redesign commercial building façades and storefronts in the City of Yorkton. The goal of this program is to make commercial areas more inviting and visually appealing to visitors and residents, increase property values, build civic pride and stimulate the local economy. 

 Program summary

 This program can provide incentives of up to:

  • One-third of the combined total cost of eligible façade or site improvements up to a maximum of $10,000 (i.e. total costs up to $30,000).
    • Within this total a maximum reimbursement of $1,000 is allowed for professional design fees.
  • For any business within the Yorkton Business Improvement District an additional reimbursement of one-third of the combined total cost of eligible façade or site improvements up to a maximum of $10,000 (See Eligible Properties Map).

Projects must have a minimum total project cost of $10,000 in order to qualify.

All applicants must own the property and have commercially assessed property taxes. At the time of application, your tax balance must be up-to-date.

Project applications are on a first-come first-serve basis.

Projects must be completed with final supporting documents submitted no later than October 31 of each year (project completion deadline).

To apply for a consultation with City Administration, complete the application form below. 

 Application and documents

Map of Proposed Eligible Properties

Business Improvement Incentive Program Policy

Fact Sheet

How do I apply

Business Creation and Expansion Incentive Program

New for 2021, this program provides incentives to applicants who are constructing a new commercial building or adding onto an existing commercial building. The goal of this program is to help expand our local businesses and invite new businesses to our City. We want to build civic pride and stimulate our local economy. 

 Program summary

This program is available for new building construction for a new or existing business which is locally-owned and creates an increased assessed "improvement" of more than $50,000.

  • Abatements of increased assessed improvements will be capped at a value of $500,000.
  • The business needs to be licensed by the City of Yorkton.
  • The business must be locally-owned. If the business is incorporated, the majority of shares must be held by individuals who reside within the geographic boundary of the Yorkton Planning District, including the City of Yorkton, Rural Municipality of Orkney, Rural Municipality of Wallace, York Lake Regional Park, Town of Springside, Village of Rhein and Village of Ebenezer. 

Tax abatements will be applied only to additional assessment, at the following rates:

First year: 100%
Second year: 80%
Third year: 60%
Fourth year: 40%
Fifth year: 20%
Sixth year: Return to full taxes

All applicants must own the property and have commercially assessed property taxes. At point of application, your tax balance must be up-to-date.

Project applications are on a first-come first-serve basis.

In the event that more applications are received than there is available funding, this program will favour applications by business owners who reside in, and pay residential taxes to, the City of Yorkton.

Projects must be completed with final supporting documents submitted no later than October 31 of each year (project completion deadline).

Abatements will be applied in the year following substantial project completion.

To apply for a consultation with City Administration, complete the application form below.

 Application and documents

Business Improvement Incentive Program Policy

Fact Sheet

How do I apply 

Vacant Building Tax Abatement Incentive Program

New for 2021, this program provides incentives for vacant buildings or vacant portions of buildings that are occupied by new locally-owned businesses. The intention is to offset the cost of bringing the building up to the National Building Code and to stimulate economic activity. The goal of this program is to make commercial areas more inviting and visually appealing to visitors and residents, increase property values and build civic pride.

 Program summary

This program will be applied to both existing and new assessments of the vacant building or applicable vacant portion, to a maximum of $500,000.

Tax abatements will be applied to both new and existing assessment. Where an application is for a vacant portion of a building, the abatement will be applied proportionately to the new and existing assessment of the vacant portion. Abatements will be implemented at the following rates:

First year: 100%
Second year: 75%
Third year: 50%
Fourth year: Return to full taxes

Project applications are on a first-come first-serve basis.

Projects must be completed with final supporting documents submitted no later than October 31 of each year (project completion deadline).

Abatements will be applied in the year following substantial project completion.

To apply for a consultation with City Administration, complete the application form below.

 Application and documents

Business Improvement Incentive Program Policy

Fact Sheet 

How do I apply

Rental Housing Incentive Program

This program encourages development and supply of new rental units in the City of Yorkton, which accommodate working class professionals moving or relocating to Yorkton in order to keep pace with economic growth.

 Program summary

 Developers can apply for either a 5 or 10 year commitment per property.

  • The program will offer 5-year 100% tax exemption to the developers for building multi-family rental units on condition the units must remain rental for 10 years and can be rented at fair market value.
  • The program will offer 5-year 100% tax exemption to the developers of a condominium project. 
  • The program will offer 2-year 100% tax exemption to the developers for building multi-family rental units on condition the units must remain rental for 5 years and can be rented at fair market value.
  • The program will offer 2-year 100% tax exemption to the developers of a condominium project.

Please read the full policy below, before applying.

 Application and documents

Rental Housing Incentive Program Policy

How do I apply

Provincial Incentives

The Province of Saskatchewan offers a number of business incentives and tax credits to encourage business growth and investment in Saskatchewan.

Learn More