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Saskatchewan Advantage Grant for Education Savings (SAGES)

Saskatchewan Advantage Grant for Education Savings (SAGES)

Overview

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.

“ With the SAGES, eligible children may qualify for up to $4,500”

Eligibility

To be entitled to SAGES the following conditions must be met:

  • contributions must be made on or before December 31 of the year the child turns 17;
  • the child is a named beneficiary of an eligible RESP; and
  • the child must be a resident of Saskatchewan when the RESP contributions are made