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

*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

February 17, 2026