Registered Education Savings Plans, or RESPs take on various shapes and sizes.
You can open a group plan, family or individual plan to help save for your child's post-secondary education.
CST has compiled a number of common RESP questions (in particular about Group RESPs) that will help keep you informed.
Don’t see your question on the list? Just ask us.
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?
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?
Our Plans
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?