Saskatchewan Development Fund Corporation
Encyclopedia
Saskatchewan Development Fund Corporation is a crown corporation established by the Government of Saskatchewan in Canada
to provide residents with a low risk investment fund. Established in 1973, shares were sold to the general public in Saskatchewan until 1983. The fund continues to operate, however new shares are not offered for sale. The fund had also offered RRSP
, Deferred Profit Sharing Plans and term-certain annuities. By 1982, the combined fund reached a value of $42 million; since that point the board has concentrated on the remaining clients and on the orderly wind-down of the fund; by 2007, the funds assets were reduced down to $3.2 million.
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
to provide residents with a low risk investment fund. Established in 1973, shares were sold to the general public in Saskatchewan until 1983. The fund continues to operate, however new shares are not offered for sale. The fund had also offered RRSP
Registered Retirement Savings Plan
A Registered Retirement Savings Plan or RRSP is a type of Canadian account for holding savings and investment assets. Introduced in 1957, the RRSP's purpose is to promote savings for retirement by employees. It must comply with a variety of restrictions stipulated in the Canadian Income Tax Act...
, Deferred Profit Sharing Plans and term-certain annuities. By 1982, the combined fund reached a value of $42 million; since that point the board has concentrated on the remaining clients and on the orderly wind-down of the fund; by 2007, the funds assets were reduced down to $3.2 million.