Registered Education Savings Plans, or RESPs, take on various shapes and sizes. You can open a group, family or individual plan to help save for your child's post-secondary education. CST has compiled a number of common RESP questions to help make saving easier.
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?
When your child goes to school
- Is it necessary to begin post-secondary education directly after high school?
- What if my child graduates high school early?
- What types of post-secondary schools and programs qualify?
- What qualifies as eligible studies for my child to access the funds from CST’s group plans?
- Can I transfer money out of my RESP anytime? Can I make withdrawals?
- How do I collect the money in my plan? What is included in these payments?
RESPS
CST Plans
- What are Canadian Scholarship Trust Plans?
- Who can open a Canadian Scholarship Trust Plan?
- What plans does CST currently offer?
- Is CST’s group plan (called CST Advantage Plan) right for me and my family?
- What is attrition? How does it benefit my child?
- What is principal protection?
- What is a unit? Why do you use units?
- What is an EAP?
- What is an EAP account?
- What are Group Plan Benefits?
- What is the minimum amount I need to open an RESP from CST?
- How has the CST Plan changed over the years?
- What if I don’t want to open a Group Plan – can I still save with CST?
- What kind of service can I expect with a CST Plan?
- If I lose my job or miss a payment; will I lose all my money?
Sales Charges and Sales Charge Refund
Fees
Investment Strategy
Cancellations
Sales Representatives
Contributions
General FAQS
- What are Canadian Scholarship Trust Plans?
- What is an RESP?
- What are the benefits of an RESP?
- What is the minimum amount I need to open an RESP from CST?
- Who can open a Canadian Scholarship Trust Plan for a child?
- Does my RESP require a lot of time to manage?
- What kind of service can I expect from CST?
- If I lose my job or miss a payment; will I lose all my money?
CST Advantage Plan
- Who can open CST Advantage Plan?
- What is the minimum amount that I need to open CST Advantage Plan?
- Does my CST Advantage Plan require a lot of time to manage?
- What types of post-secondary schools and programs apply for the CST Advantage Plan and other CST RESPs?
- How is the money invested in CST Advantage Plan?
Our Plans
Withdrawing from your RESP
- Is it necessary to begin post-secondary education directly after high school?
- What types of post-secondary schools and programs apply?
- What happens if I contribute to an RESP but my child does not pursue post-secondary education?
- I’ve read that I can only access the funds in my RESP when the child has enrolled in eligible studies. What qualifies?
- Does my child have to go to school for all four years to collect all of their money?
Clearing up the jargon
Fees
Investment Strategy
Plan cancellation
Our Sales Representatives
Contributions
- Why does CST have this type of contribution schedule? Why can’t it be more flexible?
- Can I transfer money out of my RESP anytime or make withdrawals?
- Once I’ve picked a contribution schedule, can I change it?
- What if I need to skip just one payment – do I have options?
- What are government grants and how do I take advantage of them?
When you’re ready to collect your money
- If my child collects their first Educational Assistance Payment (EAP) and then drops out of school, what happens to my money?
- What happens if my child switches to another program at the same university? Will they still qualify for payments?
- What are Group plan benefits?
- What if my child graduates early?
- What happens if my child doesn’t go to post-secondary education?
- How do I collect the money in my plan? What is included in these payments?