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%)
More FAQS
When school plans change
- If my child collects their first Education Assistance Payment (EAP) and then drops out of school, what happens to my money?
- What happens if the student switches to another program at the same university? Will they still qualify for payments?
- What happens if my child doesn’t go to post-secondary education?