Effective January 1, 2013 a registered education savings plan (RESP) account can receive an amount equal to 10% of the net contributions paid into it over the course of a year, up to a maximum of $250 per child per year. The maximum lifetime SAGES grant is $4500 per child.
The Government of Saskatchewan has announced the suspension of SAGES effective December 31, 2017.
With the SAGES, eligible children may qualify for up to $4,500.
To be entitled to SAGES the following conditions must be met:
Protection of principal, for disciplined and committed savers.
Set your own Plan Contribution Target! Enrol at any age.
For those who are seeking a flexible, individual RESP option.