SaskWorks Venture Fund is a mutual fund. Like any mutual fund, individual investors purchase shares in a professionally-managed pool of assets. Unlike most mutual funds, investors in SaskWorks receive a 35% tax credit in addition to their RRSP tax deferral.
| Your Investment
|Provincial Tax Credit (20%)
|Federal Tax Credit (15%)
|RRSP Tax Deferral** (47.75%)
|Net Cash Outlay After Tax Savings
** Assumes a $5,000 investment by an investor in a marginal tax bracket of 47.75% ($202,800 and up).
Access to Saskatchewan-based Private Companies
SaskWorks Venture Fund uses its assets to invest in small- and medium-sized Saskatchewan companies. Since its inception, the fund has provided a unique opportunity for Saskatchewan residents to keep their investment dollars at home, helping to grow local companies and creating jobs in our province.
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.
Add SaskWorks to Your Portfolio
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 Debit: regular withdrawal from your chequing account.
Visit SaskWorks to learn more.
Ready to Invest? Our Contact Centre can get you in touch with one of our Credential Asset Management Inc. mutual funds representatives. Call us at 1.866.863.6237.
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 are offered through Credential Asset Management Inc. Labour sponsored funds are highly speculative 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.