What happens if my child doesn’t go to post-secondary education?

If your child doesn't pursue post-secondary education, you have a number of options.
  • You could transfer your CST Advantage Plan to another child
  • You could transfer your CST Advantage Plan to an Individual or Family Savings Plan with CST (please understand that you would lose the group plan benefits)
  • You may be able to transfer some or all your income to your Registered Retirement Savings Plan (RRSP) tax-free
  • You may be able to transfer some or all your income to a Registered Disability Savings Plan (RDSP) tax-free
  • You may be able to withdraw the income (at your marginal tax rate plus an addition 20%)
We will work with you to assess all of your options. Please remember, however, that, in the case the child does not pursue post-secondary education, the government requires that all of its unused grants be returned.

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