Notice #711 – Saskatchewan Advantage Grant for Education Savings (SAGES) Announcement
- March 23, 2017
- Saskatchewan Advantage Grant for Education Savings (SAGES) Announcement
This information bulletin is to advise Registered Education Savings Plan (RESP) promoters of a temporary suspension of the Saskatchewan Advantage Grant for Education Savings (SAGES).
On March 22, 2017, the Government of Saskatchewan announced a temporary suspension of SAGES payments into RESPs. You will find the related press release on the government of Saskatchewan web page.
SAGES will be suspended, effective January 1, 2018. This means that SAGES will not be paid on contributions made to an RESP after December 31, 2017. The province anticipates that SAGES will resume when the province's financial situation improves.
Until more information becomes available, promoters should continue their administration of SAGES as usual. The Canada Education Savings Program (CESP) will continue to work in close collaboration with the Government of Saskatchewan and will advise promoters of any related developments.
If you have any questions regarding this information bulletin, please contact us by e-mail at email@example.com or call at 1-888-276-3624. Our hours of operation are from 8 a.m. to 5 p.m. Eastern Time.
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