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. However, Family or Individual Savings Plans are not eligible for the Group Plan Benefits.
Family or Individual Savings Plan
| PLAN BENEFITS – Plan available for children of any age |
- Access EAPs any time after enrolment in eligible studies.
- Flexible study options.
- Control timing of payouts.
- Option to transfer income to the subscriber's Registered Retirement Savings Plan (RRSP) or withdraw Accumulated Income Payments (AIPs) or transfer income to a Registered Disability Savings Plan (RDSP)*.
- Up to 25% of the sales charges you previously paid in CST Advantage Plan will be refunded to you when your child collects their EAPs.
- Family Savings Plan can be used towards the post-secondary education of multiple beneficiaries so long as they are siblings and under age 21.
- Individual Savings Plan can be used towards the post-secondary education of any beneficiary, including your own self.
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Family or Individual Savings Plans are not eligible for the Group Plan Benefits.
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*Government conditions apply.
