It is important to decide whether you wish to fund students via a salary or a stipend. If you wish to fund a student to work part-time on your project, then it is appropriate to pay the student a salary. A graduate student can receive a stipend from a grant if the work they are doing is part of the student's training and comprises a thesis or a cognate academic requirement.
The Tri-Agencies do not dictate the amount of Master's, Doctoral, or Post-doctoral stipends; rather, the stipends must be in accordance with University of Saskatchewan policies. (Note: the following are recommended minimum stipend values; however, you may choose to request higher stipends to attract top graduate students.)
The current rate on stipends for the University of Saskatchewan is 8.06%. It is advisable to include benefits in your budget because, if you don't, the University will take the money to pay for benefits out of your grant anyway. Please note that the benefit rate changes every January. With the benefits, your budget should include the following stipends for any graduate students you wish to fund:
Students who already hold a master's scholarship, a doctoral award, or a postdoctoral fellowship from any of the Tri-Agencies canNOT be awarded a stipend from a grant as well. These students can, however, be paid a salary from your grant.
If you wish to hire a student as a research assistant as opposed to funding their scholarships, what follows are the rates at which you must hire students. Please note that graduate students can work at most 12 hours a week to still be listed as a full time graduate student. These rates of pay are adjusted every May 1 and will be updated here on that date.
Effective May 1, 2013
Undergraduate (year 1) - $11.02/hour + benefits
Undergraduate (year 2) - $11.48/hour + benefits
Undergraduate (year 3) - $12.78/hour + benefits
Undergraduate (year 4) - $13.96/hour + benefits
Undergraduate (year 5) - $14.85/hour + benefits
Graduate student - $18.51/hour + benefits
To calculate the benefits, use the following numbers and equations:
|Canada Pension Plan (CPP)||4.95%|
|Workers' Compensation (WC)||0.49%|
|Employment Insurance (EI)||2.63%|
|Vacation Pay - 3/52 (VP)||5.769%|
|Statutory Holiday Pay||3.8%|
Note: When paying students an hourly wage, you must include all 5 benefits (total of 17.63%), and to calculate the total benefits, you need to how many hours of work you wish your student to work.
Something to note for your budget justification:
Make sure you justify why employing a student at a particular level is necessary. If the work can be done by an undergraduate, do not indicate that a graduate student will do the work.