SGI: The Cheque Is In The Mail
Keep an eye on your mailboxes, because SGI will start to mail out approximately 709,000 rebate cheques this week.
The mailout will take place over the next three weeks. Because there is such a large volume of cheques, customers could receive cheques anytime between mid-May and mid-June. (This also means your rebate may not arrive at the same time as someone else in your household that is getting a rebate.)
"These rebates will provide a significant injection into the provincial economy, at a time when it will certainly be a welcome boost," Minister Responsible for SGI Don Morgan said. Rebates are being provided to any entity that registered a vehicle in Saskatchewan and met the residency requirements to register a vehicle as of February 26, 2021. That includes individuals, non-profit organizations and businesses.
Here are some numbers supplied by the provincial government. Some numbers are approximate.
285,000,000 - Total value of rebates issued
709,000 - Approximate number of rebate cheques that will be mailed out.
$380 - Approximate average rebate per recipient.
2018-2020 - The period a vehicle had to be registered within to qualify for a rebate.
1.74 million - Total vehicles, motorcycles, trailers and snowmobiles registered at some point between 2018-2020 that qualify for a rebate.
26 per cent - The percentage of an annual Auto Fund premium used to determine the rebate.
$5 - No cheque under this amount will be issued; the customer's account will be credited instead.
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