Other CST Plans

If your child decides not to pursue post-secondary education, decides to register for a shorter study program, or if you want more flexibility on your contributions and control over your payout, you have the option of enrolling in or transferring to a Family Savings Plan or Individual Savings Plan. Among other features, these plans are designed to let you to switch your RESP across siblings through a Family Plan or to a different beneficiary through an Individual Plan. Note that Family Savings Plans and Individual Savings Plans are not eligible for either the Group Plan Bonus, the Discretionary Payment or the Sales Charge Refund.

Family Savings Plan

How it works

  • Suited for children of any age 
  • Flexible contribution amount and frequency
  • Can be used towards the post-secondary education of multiple beneficiaries so long as they are siblings and under the age of 21

Plan benefits

  • Access to EAPs any time after enrolment in eligible studies
  • Flexible contribution amount and frequency
  • Flexible study options
  • Control timing and amount of payouts
  • Option to transfer income to the subscriber’s or subscriber's spouse's Registered Retirement Savings Plan (RRSP) or receive an Accumulated Income Payment (AIP) or transfer to Registered Disability Savings Plan (RDSP)1
  • Facilitates collection of Canada Learning Bond without obligation of further contributions
  • Low risk
  • Competitive returns

Note: The Family Savings Plan is not eligible for the Group Plan Bonus, the Discretionary Payment or the Sales Charge Refund.

Individual Savings Plan

How it works

  • Suited for children of any age
  • Flexible contribution amount and frequency
  • Can be used towards the post-secondary education of any beneficiary, including self

Plan benefits

  • Flexible contribution amount and frequency
  • Access to EAPs anytime after enrolment in eligible studies
  • Flexible study options
  • Control timing and amount of payouts
  • Option to transfer income to the subscriber’s or subscriber's spouse's Registered Retirement Savings Plan (RRSP) or receive an Accumulated Income Payment (AIP) or transfer to Registered Disability Savings Plan (RDSP)1
  • Facilitates collection of Canada Learning Bond without obligation of futher contributions
  • Low risk
  • Stable returns

Note: The Individual Savings Plan is not eligible for the Group Plan Bonus, the Discretionary Payment or the Sales Charge Refund.