As at September 13, 2024Show prices
SaskWorks Diversified (Class A - Series A) - 27.5645
SaskWorks Diversified (Class A - Series B) - 29.8937
SaskWorks Diversified (Class A - Series F) - 33.0841
SaskWorks Resources (Class R - Series A) - 26.9603
SaskWorks Resources (Class R - Series B) - 35.2822
SaskWorks Resources (Class R - Series F) - 29.9131
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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% ($55,867-$111,733). Amount will vary according to your tax bracket.
Payroll Investment Plan Supplementary Information
Payroll Investment Plan One-Pager
SaskWorks Tax Credit Worksheet 2024
July 19, 2024
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