As at December 6, 2024Show prices

SaskWorks Diversified (Class A - Series A) - 27.5856

SaskWorks Diversified (Class A - Series B) - 29.9339

SaskWorks Diversified (Class A - Series F) - 33.2139

SaskWorks Resources (Class R - Series A) - 26.9411

SaskWorks Resources (Class R - Series B) - 35.3406

SaskWorks Resources (Class R - Series F) - 30.0885

SaskWorks Venture Fund Inc.

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What is SaskWorks?

SaskWorks Venture Fund provides a unique opportunity for Saskatchewan residents to keep their investment dollars at home, helping to grow local companies and creating jobs in our Province.

SaskWorks is a Saskatchewan-based retail mutual fund that invests in privately-held small and medium-sized businesses owned or primarily operated Saskatchewan.

SaskWorks Venture Fund provides a unique opportunity for Saskatchewan residents to keep their investment dollars at home, helping to grow local companies and creating jobs in our Province.

SaskWorks is a Saskatchewan-based retail mutual fund that invests in privately-held small and medium-sized businesses owned or primarily operated Saskatchewan.

RRSP Tax Deferral

PLUS

32.5%
Tax Credit

Investments in SaskWorks are eligible to receive a tax credit equal to 32.5% in addition to their RRSP tax deferral.

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Payroll Investment Plan

The SaskWorks Payroll Investment Plan (PIP) is a simple, tax efficient and effective way for employees to build their retirement savings. From a financial advisor’s perspective, the program is a value-added service that may be offered independently or as a component of a group benefits plan.

The PIP allows employees to make direct contributions to their SaskWorks investment each pay-period. The 32.5% tax credit and the RRSP tax deferral are received at source, that is, deducted from the income tax paid each pay period so employees will only see a minimal reduction in their net pay. At no cost to the employer and with a simple one-time set up, the SaskWorks PIP is an attractive retirement savings plan and effective employee retention strategy.

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Affordability

More than 150 Saskatchewan companies offer their employees the option to affordably keep their investment dollars at home with the SaskWorks Payroll Investment Plan.

Here’s how:

Invest $5,000 annually ($192.31 x 26 pay periods)


Deduct $125.96 off your income taxes every payday and redirect the tax savings to your SaskWorks investment account.**


Invest $66.35 of your own money to your SaskWorks investment account.**

$192.31
Bi-weekly investment
- $125.96
Income tax savings

$66.35
Net cash outlay

Without the Plan:

Earnings Amount ($)
Regular Pay 2,692.31
Total Pay 2,692.31
Deductions Amount ($)
Fed/Prov Tax 570.76
CPP 124.55
EI 44.69
Dues 32.00
Pension 115.95
SaskWorks Investment
Total Deductions 889.06
Net Pay 1,803.25

With the Plan:

Earnings Amount ($)
Regular Pay 2,692.31
Total Pay 2,692.31
Deductions Amount ($)
Fed/Prov Tax 448.80
CPP 124.55
EI 44.69
Dues 32.00
Pension 115.95
SaskWorks Investment 192.31
Total Deductions 889.06
Net Pay 1,736.90

Visit the Payroll Investment Plan page to learn more:

Payroll Investment Plan

*Example for illustrative purposes only. Individual results may vary.

**Based on a $70,000 annual salary and a $5,000 investment in a marginal tax bracket of 33% ($55,867-$111,733). Amount will vary according to your tax bracket.

Payroll Investment Plan: Additional Information

Payroll Investment Plan Supplementary Information

Payroll Investment Plan One-Pager

Payroll Deduction Calculator

Payroll Remittance Template

SaskWorks Tax Credit Worksheet 2024

Sage 50 – SaskWorks Deduction Setup Instructions

QuickBooks – SaskWorks Deduction Setup Instructions

In the News

December 3, 2024

SaskWorks Venture Fund 2024 Annual General Meeting of Shareholders

SaskWorks Venture Fund (“SaskWorks or the “Fund”) announces that the 2024 Annual and Special Meeting (the “Meeting”) of shareholders will be held on Friday, December 13th, 2024 at 3:00 p.m. (Saskatchewan time). The Meeting will take place at Crave Kitchen and Wine Bar, 1925 Victoria Avenue, Regina, SK, S4P 0R3.  In light of the ongoing… Read More

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