40 years strong
thanks to you
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Saskatchewan Pension Plan (SPP) is celebrating 40 years, and this milestone belongs to members like you. Thank you for trusting us to help make your dream retirement a reality. After 40 years, our goal remains the same: to give everyone access to a pension and the comfortable retirement they deserve.
Your commitment adds up. With more than 32,000 members and over $900 million in assets, SPP is the 22nd largest defined contribution plan in Canada. Together, we’re building retirement security that’s strong and stable, so you can face the future with confidence.
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Annuity payments are deposited on the first of each month. If the first falls on a weekend or holiday, the payment is made on the prior business day. See the payment dates chart below.
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Your T4A (NR4 if you live outside of Canada) should arrive by mail alongside the printed version of this newsletter and may also be found on your MySPP portal. It shows the amount of pension income received in the year. This income is taxable to the person named on the slip, and box 016 qualifies for the pension income amount.
If your mailing address changes, please let SPP know so tax slips reach you on time.
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A little preparation today can pay off at filing time. Review the tips below to lower your stress and make the most of your return.
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You can allocate up to 50% of eligible pension income to a spouse or partner at tax time. This can lower your combined taxes, help avoid Old Age Security clawbacks, and increase access to tax credits. SPP annuity payments are eligible for splitting starting at age 55.
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If you are 65 or older and your net income is under $102,925, you may claim the federal Age Amount credit, which is worth up to $1,354 in tax savings. Any unused portion may be transferred to a spouse or partner.
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You can claim the portion of eligible medical expenses that exceeds the lesser of 3% of your net income or $2,834.
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The first $2,000 of eligible pension income annually qualifies for a federal non-refundable credit worth up to $300 (plus a bit more at the provincial level).
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Tax rules can change and personal situations vary. For specific advice about your return, please consult the CRA (Canada Revenue Agency) or a qualified tax professional.
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Thank you to Executive Director, Shannan Corey
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Since 2021, Shannan Corey has successfully led SPP through key stages in our journey. Under Shannan’s leadership, we navigated an extensive transformational change, ensuring the organization, systems, products, and strategies are positioned to support long-term growth. Her leadership resulted in more sustainable outcomes that enhance retirement security for our members.
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Welcome to our new CEO, Chad Hilton!
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As Shannan retires from her role as Executive Director, she and the Board are excited to welcome Chad Hilton as CEO. With more than 20 years of leadership experience in financial services, including roles as Regional Vice President at BMO and senior leadership at CIBC, Chad brings deep expertise and a member-centric focus to guide SPP through its next stages of growth.
The Board looks forward to the Plan’s continued success under Chad’s leadership and thanks Shannan for her service and dedication to SPP. Welcome Chad!
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BACK: Kimberley Grainger, Dayo Ayanwale, Alycia Bitz FRONT: Rebecca Phillips, Laura Murphy, Jeannette Mesalucha, Grace Tan
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Our team is evolving and we’re excited to share a few updates. Join us in welcoming new colleagues and celebrating familiar faces in new roles while still providing the same member-first focus. The Member Service team welcomed Laura Murphy as a Member Service Representative and Grace Tan advanced to Member Service Officer.
Within the Pension Services team, Alycia Bitz transitioned to Pension Benefits Officer. Jeannette Mesalucha and Rebecca Phillips joined as Retirement Officers.
Finance welcomed Dayo Ayanwale as a Senior Financial Investment Officer.
Kimberley Grainger has been with SPP for over 12 years, most recently as Senior Pension Benefits Officer. In her new role as Manager of Pension Services, she’ll use her sharp attention to detail and her dedication to great service to lead Pension Services and help ensure accurate, timely service for members and the Plan.
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An Enduring Power of Attorney (EPA) allows you to name one or more trusted individuals to manage your finances and property if you are unable to do so. When SPP has your EPA on file, we can communicate with your designated attorney(s) and act on allowable instructions to keep your account running smoothly and in line with your wishes.
To ensure your account information remains up to date, consider providing SPP with a copy of your EPA.
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Check out MySPP to to view your tax slips and update your communication preferences.
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Help us get back in touch
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Life takes us to new places, and it’s tough to keep contact information up to date. If you recognize a name below and know how to reach them, please contact SPP so we can keep them informed about their plan.
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The Tho Bao
Donald M Cambell
Lawrence J Gabriel
Kathleen I Jackson
Sharron M Miller
Phillip Ng
Lois A Renner
Barbara E Smith
Pamela Louise Staples
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Phyllis A Bingham
Wendy L Hillmer
Jocelyn R LaRocque
Elaine M J Beattie
Barbara L Bourassa
Donna L Kulach
Tie Nan Ma
Sarah Poblette
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1 (800) 667 7153
info@saskpension.com
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