InfoCapsule: Saskatchewan Advantage Grant for Education Savings (SAGES)

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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.

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17. Saskatchewan Advantage Grant for Education Savings (SAGES)

Introduced by the Government of Saskatchewan and available since 2013, the SAGES is a provincial education savings incentive designed to help families save for their children’s post-secondary education. It is a designated provincial program administered by Employment and Social Development Canada (ESDC) through an agreement with the Government of Saskatchewan.

The SAGES is paid at a rate of 10% on the first $2,500 or less of annual contributions made to a Registered Education Savings Plan (RESP).

Temporary suspension of the SAGES since January 1, 2018

On March 22, 2017, the Government of Saskatchewan announced in their provincial budget that the SAGES will be suspended as of January 1, 2018. Here are the impacts of the suspension on:

Payment on contributions

The SAGES will not be paid on contributions made to an RESP after December 31, 2017. Contributions made during the suspension period will not be eligible to receive the SAGES once the suspension is lifted.

Three year rule

Subscribers and promoters no longer have three years to request the SAGES on eligible contributions for the duration of the suspension.

Application form

Promoters may continue to accept and process SAGES applications on or after January 1, 2018, however, no SAGES will be paid.

SAGES grant room

The $250 annual SAGES grant room does not accumulate during the suspension period. However, beneficiaries will not lose the accumulated SAGES grant room they had prior to the suspension period.

Administration of funds in the RESP

The SAGES amounts that were paid into an RESP prior to the suspension period continue to be administered in the same manner; they can among other things be transferred and included in educational assistance payments (EAP).

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