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.
October 13, 2015
Application for Saskatchewan Advantage Grant for Education Savings (SAGES) Following Transfer from Non-offering Promoters Policy
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.
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 email@example.com
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.
The Application for SAGES Following Transfer from Non-Offering Promoters Policy comes into effect immediately.
If you have any questions on this Information Bulletin, please contact us by e-mail at firstname.lastname@example.org or call at 1-888-276-3624. Our hours of operation are from 8 am to 5 pm Eastern Standard Time.
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