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The safety-deposit box mistake that can leave your family scrambling Aug 26th
Most of us haven’t set foot in a bank vault, but many of us still have the instinct: important documents and prized possessions belong somewhere locked away. Yet a safe-deposit box only holds real value if our financial lives are organized enough that someone else could easily step in if somet.... More »
Why are we so afraid of financial mistakes? + MORE Jul 17th
Growing up, I heard one saying repeatedly: the early bird gets the worm. Like so many childhood proverbs, I accepted it without much thought—one of those quiet truths adults repeat often enough that children stop questioning them.
For most of my life I assumed it was a lesson about hard w.... More »
American physicians moving to Canada: A prescription for cross-border success + MORE Aug 28th
Canada has become one of the top destinations for American physicians looking for a different kind of practice. A more supportive clinical environment. A better quality of life. A healthcare system built around patient care, not prior authorizations.
The clinical transition is often the easy part.... More »
Divorcing? Here’s what you need to know about property valuation + MORE Sep 18th
When a couple separates, the family home is often one of their largest assets. It can also become one of the biggest sources of disagreement. One spouse may think the home is worth $1.2 million; the other may believe it’s closer to $1 million. One might point to what a neighbor’s house recen.... More »
The best GIC rates in Canada for 2026 May 19th
GIC comparison tool
Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigate m.... More »
What is the Saskatchewan Pension Plan?
– moneysense.ca
The Saskatchewan Pension Plan (SPP) was introduced in 1986 and was originally intended to help part-time workers, the self-employed, or others without access to a pension to save for retirement. Over time, it has evolved and become more appealing to both individuals and businesses.
Who can join the Saskatchewan Pension Plan?
Despite being a provincial initiative, the SPP is available to all Canadians. It is now the country’s 21st-largest defined contribution pension with over $800 million of investment assets and more than 33,000 members.
You can open an account online if you’re between the ages of 18 and 71. There are no minimum contributions, so deposits are entirely voluntary. You can contribute with automated withdrawals or lump sum deposits.
Contribution limits were originally quite low but in 2023, the SPP removed the annual contribution limit. Now, contributions are based on an accountholder’s registered retirement savings plan (RRSP) room, just like an RRSP account…
