Be a Subscriber
A subscriber is a contributor to an RESP on behalf of an eligible beneficiary who is less than 18 years of age and a resident of Saskatchewan.
Anyone can be a subscriber, including grandmothers, grandfathers, aunts, uncles, and friends. SAGES is based on the eligibility and residency of the beneficiary. The subscriber does not need to be a resident of Saskatchewan.
There is no minimum contribution required to receive SAGES. The Government of Saskatchewan matches 10% of subscriber contributions up to a maximum of $250 per child per year.
Unable to Contribute?
Starting in 2013, each year a child is eligible to receive SAGES, the child accumulates $250 in grant room even if they have not contributed to an RESP. Any unused grant room will carry over to the next year. Grant room can accumulate until the end of the calendar year when the beneficiary turns 17 or until December 31, 2017, whichever comes sooner. Payment of SAGES is limited to $500 per beneficiary per year.
This means that subscribers can catch up on unused SAGES by making a contribution of up to a maximum of $5,000 (10% of $5,000 is $500 in SAGES) in RESP contributions each year.