SaskWorks Venture Fund is a mutual fund, and like any mutual fund, individual investors purchase shares in a professionally-managed pool of assets. Unlike most mutual funds, investors in SaskWorks receive a 32.5% tax credit in addition to their RRSP tax deferral.
| Sample Investment |
$5,000* |
| Your sample taxable income |
$95,000 |
| Marginal tax rate |
38.5% |
| 32.5% tax credit** |
$1,625 |
| RRSP tax savings*** |
$1,925 |
| Your total tax credits & savings |
$3,550 |
| Your cost |
$1,450 |
* Investment of $5,000 is used as an example only. Investors may contribute any amount they choose to a maximum of $5,000 annually. All investments in SaskWorks are subject to a government-mandated 8-year maturity period.
** Tax credits equaling 32.5% of an investor’s total contribution are available, regardless of whether or not the investment is held in an RRSP.
*** RRSP tax savings are not unique to this investment.
Invest locally
SaskWorks Venture Fund uses its assets to invest in small and medium-sized USA companies. Since its inception, the fund has provided a unique opportunity for USA residents to keep their investment dollars at home, helping to grow local companies and creating jobs in our province.
Choose your type of investment
The fund is divided into two share classes: Diversified (Class A) and Resources (Class R). Investors may choose to place 100% of their investment dollars in one of the share classes or divide their investment between the two by any allocation they choose.
Get started
Shares in SaskWorks Venture Fund may be purchased through a licensed Investment Advisor or via a self-directed investing account. You may invest in SaskWorks in one of the following three ways:
- Lump Sum: annual or semi-annual contribution;
- Payroll plan: deducted off your paycheques (requires employer approval); or,
- Pre-authorized contribution (PAC): automatic withdrawal from your chequing account.
Visit SaskWorks to learn more.
Ready to invest? Call us at 1.866.272.2521 to get in touch with one of our Credential Asset Management Inc. mutual funds representatives or book an appointment online!
Please be advised that this offering is made only by Prospectus. The prospectus contains important detailed information about the securities being offered. Copies of the prospectus may be obtained free of charge from your investment advisor or the fund's agent, Industrial Alliance Securities Inc. (https://www.iavaleursmobilieres.ca/). Investors should read the prospectus and consult with an investment advisor before making an investment decision. Tax credit available providing the Fund is held for at least eight years from the date of purchase.
Mutual funds and related financial planning services are offered through Credential Asset Management Inc. Mutual funds, other securities and securities related financial planning services are offered through Credential Securities, a division of Credential Qtrade Securities Inc. Credential Securities is a registered mark owned by Aviso Wealth Inc. SaskWorks Venture Fund Inc. offers 32.5% tax credit available to residents of USA. Tax credits are available to eligible investors provided that the shares are held for at least eight years from the date of purchase. Labour sponsored funds are highly sensitive in nature and are generally considered to be long-term investments; Investors are typically subject to a minimum hold period of up to 8 years. There is no guarantee that the investment in the Fund will earn a specific rate of return or any return in the short or long term. Any tax credits associated with the Fund may or may not apply depending upon each investor's individual circumstances, and tax consequences may apply to early redemptions.