Category Archives: Financial results

Monthly update on SPP fund earnings

October 2012 returns

SPP posted a return of 0.43% to the balanced fund (BF) and 0.06% to the short-term fund (STF). The year to date return in the BF is 6.59% and in the STF is 0.42%.

Market index returns for October 2012 were:

Index  Oct 2012 return (%)
S&P/TSX Composite (Canadian equities) 1.07
S&P 500 (C$) (US equities) -0.30
MSCI EAFE (C$)
(Non-north American equities)
2.42
DEX Universe Bond (Canadian bonds) -0.19
DEX 91 day T-bill 0.09

A comprehensive investment update to the end of the third quarter is available on our website at saskpension.com.

September 2012 returns

SPP posted a return of 2.01% to the balanced fund (BF) and 0.05% to the short-term fund (STF). The year to date return in the BF is 6.14% and in the STF is 0.36%.

Market index returns for September 2012 were:

Index Sep 2012 return (%)
S&P/TSX Composite (Canadian equities) 3.43
S&P 500 (C$) (US equities) 2.90
MSCI EAFE (C$)
(Non-north American equities)
2.66
DEX Universe Bond (Canadian bonds) 0.67
DEX 91 day T-bill 0.10

August 2012 returns

SPP posted a return of 0.20% to the balanced fund (BF) and 0.04% to the
short-term fund (STF). The year to date return in the BF is 4.05% and in the STF is 0.31%.

Market index returns for August 2012 were:

Index August 2012 return (%)
S&P/TSX Composite (Canadian equities) 2.65
S&P 500 (C$) (US equities) 0.41
MSCI EAFE (C$)
(Non-north American equities)
1.11
DEX Universe Bond (Canadian bonds) -0.10
DEX 91 day T-bill 0.08

July 2012 returns

SPP posted a return of 0.18% to the balanced fund (BF) and 0.05% to the short-term fund (STF). The year to date return in the BF is 3.84% and in the STF is 0.27%.

Market index returns for July 2012 were:

Index July 2012 return (%)
S&P/TSX Composite (Canadian equities) 0.80
S&P 500 (C$) (US equities) -0.32
MSCI EAFE (C$)
(Non-north American equities)
-0.57
DEX Universe Bond (Canadian bonds) 0.66
DEX 91 day T-bill 0.06

June 2012 returns

SPP posted a return of 1.58% to the balanced fund (BF) and 0.063% to the short-term fund (STF). The year to date return in the BF is 3.65% and in the STF is 0.218%.

Market index returns for June 2012 were:

Index June 2012 return (%)
S&P/TSX Composite (Canadian equities) 1.10
S&P 500 (C$) (US equities) 2.48
MSCI EAFE (C$)
(Non-north American equities)
5.32
DEX Universe Bond (Canadian bonds) 0.01
DEX 91 day T-bill 0.10

May 2012 returns

SPP posted a return of -2.36% to the balanced fund (BF) and 0.046% to the short-term fund (STF). The year to date return in the BF is 2.04% and in the STF is 0.155%.

Market index returns for May 2012 were:

Index May 2012 return (%)
S&P/TSX Composite (Canadian equities) -6.14
S&P 500 (C$) (US equities) -1.46
MSCI EAFE (C$)
(Non-north American equities)
-7.19
DEX Universe Bond (Canadian bonds) 2.11
DEX 91 day T-bill 0.12

How much can I contribute to my RRSP?

By Sheryl Smolkin

To contribute to the Saskatchewan Pension Plan you must have Registered Retirement Savings Plan (RRSP) contribution room.  Therefore it is important to understand what “RRSP contribution room” means and how is it calculated.

Your RRSP contribution room is the amount of RRSP contributions you can deduct for income tax purposes in a particular year. For 2012, RRSP contribution room will be the 2012 RRSP deduction limit appearing on the notice of assessment (or reassessment) you receive once you have filed your 2011 income tax return and it has been processed.

The RRSP deduction limit for each year is the lesser of:

  • 18 per cent of your previous year’s earned income,* and
  • The RRSP dollar limit for the year ($22,970 for 2012).

*Earned income is the annual total of:  employment income, net rental income, net income from self-employment, royalties, research grants, alimony or maintenance payments, disability payments from CPP or QPP and supplementary UIC payments.

However, if you belong to a workplace registered pension plan (RPP), your annual RRSP contribution room will be reduced by a Pension Adjustment (PA) representing the value of both employer and employee RPP contributions.

If you do not use up your RRSP contribution room in any year, it is added to the next year’s RRSP contribution room and carried forward indefinitely. When certain kinds of income are transferred to your RRSP such as a retiring allowance or an amount received from a deceased spouse’s RRSP, contribution room is not required.

If you want to calculate your 2012 RRSP deduction limit, use Chart 3 on the Canada Revenue Agency’s website.

The maximum annual contribution you can make to the Saskatchewan Pension Plan is $2,500, even if you have additional RRSP contribution room. You can also transfer an additional $10,000/year from another RRSP to the Saskatchewan Pension Plan.

Since you have already used up RRSP room when you made the original RRSP contribution, you will not need additional RRSP contribution room to make an RRSP/SPP transfer of up to $10,000 each year.

Also read:

RRSPs and other registered plans for retirement

RRSP contribution limits

Frequently asked questions: RSPs

April 2012 returns

SPP posted a return of -0.41% to the balanced fund (BF) and 0.042% to the short-term fund (STF). The year to date return in the BF is 4.51% and in the STF is 0.109%.

Market index returns for April 2012 were:

Index April 2012 return (%)
S&P/TSX Composite (Canadian equities) -0.60
S&P 500 (C$) (US equities) -1.77
MSCI EAFE (C$)
(Non-north American equities)
-3.09
DEX Universe Bond (Canadian bonds) 0.13
DEX 91 day T-bill 0.05

March 2012 returns

Foreign equity markets contributed to fund growth in March and as a result, SPP posted a return of 1.09% to the balanced fund (BF) and 0.024% to the short-term fund (STF). The year to date return in the BF is 4.94% and in the STF is 0.067%.

Market index returns for March 2012 were:

Index March 2012 return (%)
S&P/TSX Composite (Canadian equities) -1.63
S&P 500 (C$) (US equities) 4.81
MSCI EAFE (C$)
(Non-north American equities)
1.00
DEX Universe Bond (Canadian bonds) -0.32
DEX 91 day T-bill 0.09

February 2012 returns

Markets continued relatively strong in February and as a result, SPP posted a return of 1.6% to the balanced fund (BF) and 0.007% to the short-term fund (STF).   The year to date return in the BF is 3.8% and in the STF is 0.043%.

As illustrated in the monthly asset class return values below, equities continued strong returns in February primarily due to positive economic data from the U.S.  The Canadian bond market declined 0.40 per cent in February. Yields were rising for bonds of all terms, but more notably for short and mid-term bonds. However, long term bonds fell the most in the month due to their higher sensitivity to interest rate movements. Provincial bonds fell as investors acknowledged the difficult waters many provincial governments will have to navigate in the coming years.

Market index returns for the month of February 2012 were:

Index YTD return (%)
S&P/TSX Composite (Canadian equities) 1.67
S&P 500 (C$) (US equities) 2.46
MSCI EAFE (C$)
(Non-north American equities)
3.85
DEX Universe Bond (Canadian bonds) -0.40