SaskWorks Venture Fund is a mutual fund. Like any mutual fund, individual investors purchase shares in a professionally-managed pool of assets. Unlike most mutual funds, investors in SaskWorks receive a 35% tax credit in addition to their RRSP tax deferral.
If you invest $5,000:*
|Your Sample Taxable Income||Marginal Tax Rate||35% Tax Credit**||RRSP Tax Savings***||Your Total Tax Credits & Savings||Your Cost|
* Investment of $5,000 is used as an example only. Investors may contribute any amount they choose to a maximum of $5,000 annually. All investments in SaskWorks are subject to a government-mandated 8-year maturity period.
** Tax credits equaling 35% of an investor’s total contribution are available for the 2017 tax year, regardless of whether or not the investment is held in an RRSP.
*** RRSP tax savings are not unique to this investment.
This offering is made only by prospectus. The prospectus contains important detailed information about the securities being offered. Copies of the prospectus may be obtained free of charge from your Investment Advisor or the Fund’s agent, Industrial Alliance Securities Inc. (www.iavm.ca). Investors should read the prospectus and consult an Investment Advisor before making an investment decision.
Access to Saskatchewan-based Private Companies
SaskWorks Venture Fund uses its assets to invest in small- and medium-sized Saskatchewan companies. Since its inception, the fund has provided a unique opportunity for Saskatchewan residents to keep their investment dollars at home, helping to grow local companies and creating jobs in our province.
The fund is divided into two share classes: Diversified (Class A) and Resources (Class R). Investors may choose to place 100% of their investment dollars in one of the share classes or divide their investment between the two by any allocation they choose.
Add SaskWorks to Your Portfolio
Shares in SaskWorks Venture Fund may be purchased through a licensed Investment Advisor or via a self-directed investing account. If you do not currently work with an advisor, please contact Ben Findlay at (306) 530-3689 or firstname.lastname@example.org to locate one in your area.
You may invest in SaskWorks in one of the following three ways:
- Lump Sum: annual or semi-annual contribution;
- Payroll Plan: deducted off your paycheques (requires employer approval); or,
- Pre-Authorized Debit: regular withdrawal from your chequing account.
Please be advised that this offering is made only by prospectus. The prospectus contains important detailed information about the securities being offered. Copies of the prospectus may be obtained free of charge from your investment advisor or the fund’s agent, Industrial Alliance Securities Inc. (www.iavm.ca). Investors should read the prospectus and consult with an investment advisor before making an investment decision.