As at March 17, 2023Show prices
SaskWorks Diversified (Class A - Series A) - 24.9632
SaskWorks Diversified (Class A - Series B) - 25.9403
SaskWorks Diversified (Class A - Series F) - 29.1766
SaskWorks Resources (Class R - Series A) - 21.3533
SaskWorks Resources (Class R - Series B) - 23.3990
SaskWorks Resources (Class R - Series F) - 21.7107
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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.
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.
More than 150 Saskatchewan companies offer their employees the option to affordably keep their investment dollars at home with the SaskWorks Payroll Investment Plan.
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 $66.35 of your own money to your SaskWorks investment account.**
| Earnings | Amount ($) |
| Regular Pay | 2,692.31 |
| Total Pay | 2,692.31 |
| Deductions | Amount ($) |
| Fed/Prov Tax | 570.76 |
| CPP | 124.55 |
| EI | 44.69 |
| Dues | 32.00 |
| Pension | 115.95 |
| SaskWorks Investment | — |
| Total Deductions | 889.06 |
| Net Pay | 1,803.25 |
| Earnings | Amount ($) |
| 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% ($46,605 up to $93,208). Amount will vary according to your tax bracket.
Sage 50 – SaskWorks Deduction Setup Instructions
QuickBooks – SaskWorks Deduction Setup Instructions
Payroll Investment Plan Presentation
October 14, 2021
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