Notice #642A - Application for Saskatchewan Advantage Grant for Education Savings

Official title: Application for Saskatchewan Advantage Grant for Education Savings (SAGES) Following Transfer from Non-offering Promoters Policy

Disclaimer: RESP promoters

The information contained on this page is technical in nature and is intended for Registered Education Savings Plan (RESP) and Canada Education Savings Program promoters. For general information, visit the RESP section.

Information bulletin

Number:

CESP/PCEE-2015/16-003A-642

Date:

October 13, 2015

Subject:

Application for Saskatchewan Advantage Grant for Education Savings (SAGES) Following Transfer from Non-offering Promoters Policy

Purpose

The purpose of this Information Bulletin is to inform Registered Education Savings Plan (RESP) promoters of the Application for SAGES Following Transfer from Non-offering Promoters Policy.

Background

The Government of Saskatchewan has introduced a new policy to provide subscribers who transfer RESP accounts from a non-offering promoter to a SAGES offering promoter with the flexibility to apply for SAGES on eligible contributions made at a non-offering promoter. The application for SAGES following a transfer from a non-offering promoter to a SAGES offering promoter will be made through a manual intervention, processed by Employment and Social Development Canada (ESDC).

How to apply

The subscriber must first complete a SAGES application form and make a contribution to the new RESP. The promoter submits the application to ESDC through the regular monthly transaction process. Once the request is successfully processed, the SAGES offering promoter can apply for the SAGES grant on eligible contributions that were transferred from the non-offering promoter if all eligibility criteria have been met. The SAGES offering promoter will submit the request for SAGES to ESDC by e-mail at cesp-pcee@hrsdc-rhdcc.gc.ca

The application email must include:

  • The contract number (offering promoter).
  • The name(s) of the beneficiary(ies).
  • The Saskatchewan residency effective date as it appears on the original application form.

Following the manual intervention, promoters will need to ensure the notional accounts are updated accordingly.

Effective date

The Application for SAGES Following Transfer from Non-Offering Promoters Policy comes into effect immediately.

Contact us

If you have any questions on this Information Bulletin, please contact us by e-mail at cesp-pcee@hrsdc-rhdcc.gc.ca or call at 1-888-276-3624. Our hours of operation are from 8 am to 5 pm Eastern Standard Time.

Related information

Notice #642B - Questions and answers: Application for Saskatchewan Advantage Grant for Education Savings (SAGES) Following Transfer from Non-offering Promoters Policy

Report a problem or mistake on this page
Please select all that apply:

Thank you for your help!

You will not receive a reply. For enquiries, contact us.

Date modified: