What are the fees CST charges and what are they used towards?

As with all investment vehicles, our plans have fees associated with them. Each of our plans have different fee structure: CST Advantage Plan

• There is a one-time sales charge of $200/unit deducted from your contributions and used to cover the cost of selling the plan, including paying commissions. A portion of the fees also goes into the sales charge refund account to make sure money is available in future years to refund 50% of the sales charge to all eligible subscribers or beneficiaries.
• All-inclusive management fee plus applicable taxes payable from the Plan’s income.
• Account maintenance fee of $3.50-$10 per year is charged depending on your contribution schedule plus applicable taxes.

Individual Savings Plan

• There is a one-time sales charge of $50 deducted from your initial contribution and used to cover the cost of selling the plan including paying commissions.
• There are no sales charges for plans opened for children who collect the Canada Learning Bond.
• All-inclusive management fee plus applicable taxes payable from the Plan’s income.

Family Savings Plan

• There is a one-time sales charge of $50 deducted from your initial contribution and used to cover the cost of selling the plan including paying commissions.
• There are no charges for plans opened for children who collect the Canada Learning Bond.
• All-inclusive management fee plus applicable taxes payable from the Plan’s income.

To determine the overall fees for your group plan, you need to know factors such as the number of units purchased and your contribution schedule as well as the number of years you have to save and/or how much you’d like to accumulate in the long run. When you meet with one of our Sales Representatives and map out your goals, they will be able to calculate the sales charges you’ll pay upfront as well as the account maintenance fee (group plans only). Each plan’s all-inclusive management fees are subject to change, so those cannot necessarily be determined at the point of sale. The all-inclusive management fee (subject to applicable taxes) for CST Advantage Plan, the Family Savings Plan and the Individual Savings Plan for the year ending October 31, 2019 was 0.6%, 1.09% and 1.20% respectively.