As at November 24, 2023Show prices

SaskWorks Diversified (Class A - Series A) - 25.7503

SaskWorks Diversified (Class A - Series B) - 27.1730

SaskWorks Diversified (Class A - Series F) - 30.4327

SaskWorks Resources (Class R - Series A) - 24.0620

SaskWorks Resources (Class R - Series B) - 28.9993

SaskWorks Resources (Class R - Series F) - 25.3392

SaskWorks Venture Fund Inc.

I want to

Get started now

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.

Learn More

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.

Learn More

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% ($46,605 up to $93,208). 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

Payroll Tax Credit Worksheet

Sage 50 – SaskWorks Deduction Setup Instructions

QuickBooks – SaskWorks Deduction Setup Instructions

In the News

November 14, 2023

Stampede Drilling Inc. Announces 2003 Record Breaking Third Quarter Results

CALGARY, AB , Nov. 9, 2023 /CNW/ – Stampede Drilling Inc. (“Stampede” or the “Corporation”) (TSXV: SDI) announces today its consolidated financial and operational results for the three and nine month periods ended September 30, 2023 . The following press release should be read in conjunction with the December 31, 2022 audited consolidated financial statements prepared in accordance with International Financial Reporting… Read More

More News

Back to Top