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Saskatchewan’s Graduate Retention Program Surpassed $800 Million in Investment
The Government of Saskatchewan has reached a significant milestone with its Graduate Retention Program (GRP), investing more than $800 million since its launch in 2009. This unique initiative, aimed at retaining post-secondary graduates in the province, has benefited over 85,000 graduates, providing substantial financial relief through tuition tax credits of up to $20,000 for eligible individuals.
A Program Designed to Retain Talent and Boost Economic Growth
Saskatchewan’s GRP is a standout program in Canada, offering a tax-based rebate to graduates who choose to live and work in the province after completing their education. The program is available to Canadian and international students, making it an inclusive option for building a skilled and diverse workforce in Saskatchewan.
According to Advanced Education Minister Colleen Young, the GRP has been a key factor in the province’s economic development, stated, “We now have more post-secondary graduates living and working in Saskatchewan than ever before. Our strong economy and bright future depend on developing a knowledgeable and skilled labor force for generations to come.”
How the GRP Works
Graduates who qualify for the program receive income tax credits based on the tuition fees they paid during their studies. These credits are applied to any income tax owed over a seven-year period, provided that the individual continues to file their taxes in Saskatchewan. For those who have not used all their credits within this timeframe, the program allows up to 10 years after graduation to claim unused credits.
The GRP offers a valuable incentive for graduates to build their lives and careers in Saskatchewan, while also helping them ease the financial burden of student debt. This initiative plays a crucial role in keeping talented individuals within the province, supporting long-term economic growth.
Unique Among Canadian Provinces
Saskatchewan is currently the only province in Canada offering such a tax-based graduate retention program. It stands out by providing rebates to eligible graduates, even those who earned their post-secondary education in another province or are international students who decide to settle in Saskatchewan. This approach ensures that the province continues to attract and retain a diverse pool of talented professionals.
One such beneficiary, Kyle Bye, a 2024 graduate of the University of Regina, shared his positive experience: “The Graduate Retention Program helps students ease the burden of financial strain after leaving university. It allows me to grow connections in the province I love while keeping life affordable.”
A Decade of Support for Graduates
Since its inception, the $801 million in tuition tax credits provided by the GRP has made a significant impact on the lives of thousands of graduates. This long-term support ensures that graduates have the financial stability to remain in Saskatchewan, contributing to the province’s workforce and economy.
With over 85,000 graduates benefiting from the $800 million investment in tuition tax credits, Saskatchewan’s Graduate Retention Program continues to play a vital role in attracting and retaining a skilled labor force. As the only province in Canada offering this unique program, Saskatchewan is demonstrating its commitment to building a prosperous future for its economy and its people.
