As at July 3, 2020Show prices

SaskWorks Diversified (Class A - Series A) $19.8980

SaskWorks Diversified (Class A - Series F) $22.0144

SaskWorks Resources (Class R - Series A) $8.8634

SaskWorks Resources (Class R - Series F) $9.9112

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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% ($46,605 up to $93,208). Amount will vary according to your tax bracket.

 

Payroll Investment Plan: Additional Information

Payroll Remittance Template

Payroll Deduction Calculator

Payroll Tax Credit Worksheet

Sage 50 – SaskWorks Deduction Setup Instructions

QuickBooks – SaskWorks Deduction Setup Instructions

Payroll Investment Plan Presentation

Payroll Investment Plan Additional Information

Payroll Investment Plan One-Pager

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