Please be advised that SaskWorks Venture Fund has re-opened for subscription sales as of March 6th, 2014 at 4:00 p.m. CST. Purchase transactions initiated subsequent to this time/date will be issued T2C tax credit receipts eligible for use against the 2014 tax year.
Consistent with the Labour-Sponsored Venture Capital Corporations Act and the Income Tax Act (Canada), SaskWorks will continue to accept 2014 tax credit-eligible investments until the earlier of the fund’s $40 million annual fundraising limit being reached or March 2nd, 2015.
SaskWorks Venture Fund is a mutual fund. Like any mutual fund, individual investors purchase shares in a professionally-managed pool of assets. Unlike most mutual funds, investors in SaskWorks receive a 35% tax credit in addition to their RRSP tax deferral.
Access to Saskatchewan-based Private Companies
SaskWorks Venture Fund uses its assets to invest in small- and medium-sized Saskatchewan companies. Since its inception, the Fund has provided a unique opportunity for Saskatchewan residents to keep their investment dollars at home, helping to grow local companies and creating jobs in our province.
The Fund is divided into two share classes: Diversified (Class A) and Resources (Class A-R). Investors may choose to place 100% of their investment dollars in one of the share classes or divide their investment between the two by any allocation they choose.