First you will need to set up an RESP. The rules set out by Canada Revenue Agency state that any one can open an RESP for a child: parents, guardians, grandparents, other relatives or friends. There are many different types of RESPs that you can open. It is very important to choose the right type of RESP to meet your needs. Some RESP providers charge service fees or you may need to make a minimum deposit. Visit CanLearn for more information on different RESPs and good questions to ask when choosing an RESP provider.
Once you have set up an RESP with an RESP Provider, simply ask the provider to help you fill out an application for SAGES.
You will need to include the following information in the application:
- the name, birth date and gender of child;
- length of time the child has been a resident of Saskatchewan; and
- the name of the child's parent or guardian.
The application form will only be complete if it bears the signature of the child's parent or legal guardian.
Your RESP provider will submit the application form electronically to the government for processing using a protected electronic system. This system allows grant applications to be processed quickly, efficiently and also securely, ensuring that your personal information is always treated with utmost privacy. It also allows for subsequent tracking of federal and provincial RESP grants for accountability purposes. Once the application has been processed, the RESP provider will advise if the application has been accepted or rejected.
Please note: Application forms mailed to the Government of Saskatchewan cannot be processed and will be returned. All applications must be submitted directly through an eligible RESP provider using the protected electronic system.
Once your application has been processed, the Government of Saskatchewan will provide a grant of 10% on the contributions made into the RESP, up to $250 per child per year. The grant will be deposited directly into the child’s RESP 6-8 weeks after an eligible application is received.
Subscribers have up to three years to apply for a SAGES payment on an RESP contribution made after January 1, 2013.
Other options to receive SAGES
If a preferred RESP provider is not offering SAGES, there are three options:
- Children may be named as beneficiaries in more than one RESP. You may choose to open an RESP at an authorized RESP provider and designate that RESP for receiving SAGES.
- There is a three-year window within which an application for SAGES must be made. You may choose to wait to see if your preferred RESP promoter starts offering SAGES within that time frame.
- Transfer an existing RESP to an offering provider and apply for retroactive SAGES. SAGES will be provided for up to three years (up to January 1, 2013) of retroactive contributions after the first contribution at a new provider.