Saskatchewan Advantage Grant for Education Savings (SAGES)
As a resident of Saskatchewan, your child may be eligible for the newly introduced education grant which matches up to 10% annually on the first $2,500 of contributions from birth to age 17, with a lifetime maximum of $4,500. Heritage is expecting to begin processing SAGES applications in fall 2013 and this provincial grant will be retroactive to all contributions made from January 1, 2013. Open a Heritage RESP today and your Heritage representative will be in contact with you to complete your SAGES application once it becomes available.
With SAGES you may qualify for up to an additional $4,500!
Frequently Asked Questions (FAQs) on SAGES:
What is the Saskatchewan Advantage Grant for Education Savings (SAGES)?
This grant is offered to each resident beneficiary who is 17 years old or under. It is 10% of annual contributions made into an RESP on or after January 1, 2013 and has an annual maximum of $250 and a lifetime maximum of $4,500 per eligible beneficiary. We are advised that the government of Saskatchewan has begun accepting applications for SAGES effective Fall 2013.
How do I apply for the Saskatchewan Advantage Grant for Education Savings (SAGES)?
Understanding the Terms
"SAGES" stands for the "Saskatchewan Advantage Grant for Education Savings*", which is the grant from the Government of Saskatchewan with the cumulative lifetime maximum of $4,500 per eligible beneficiary.
For more terms visit our Glossary.
* Certain conditions apply, please see Prospectus for full details.
Heritage Plans are scholarship plans issued under the sponsorship of the Heritage Educational Foundation. Units of the Heritage Plans are offered by prospectus only, a copy of which can be obtained from the registered dealer, Heritage Education Funds Inc. at HeritageRESP.com. These securities may not be appropriate for all investors and are subject to certain risk factors. See the prospectus for details.