What is CST™ Advantage Plan?

As a parent, you want your children to have every advantage. So, do we.

That's why we designed CST Advantage Plan with easy ways to save, the flexibility to contribute within your budget and a focus on investing to protect your principal with the goal of earning long-term positive returns. When your children are ready for post-secondary school, you can withdraw your money in a way that works for you: you can keep your principal in your CST Advantage Plan even after your children start post-secondary school or take out only what you need leaving the rest of the money to continue to grow!

Plus, you get unique extras that boost the money your children receive when they go to school!

Benefits of CST™ Advantage Plan

  • Principle Protection

    Principal Protection

    We focus on long-term value by investing to protect your principal and earn positive returns.

  • Pooled Savings

    Pooled Savings

    Your contributions are pooled with other plan holders with children the same age as your child, to generate more purchasing power, with the goal of long-term positive returns.

  • Flexibility

    Flexibility

    If you need to skip a contribution, or even a few, we'll work with you to keep you on track to saving for your child's post-secondary education.

  • Personalized Full Service

    Personalized Full Service

    From the time you start your plan until your son or daughter graduates from post-secondary school, our expert investment and customer support teams are behind you. So, no matter how they grow, your RESP will grow with them!

How Does It Work?

Together we’ll help you create a plan based on your budget and saving goals. We’ll pool your savings and invest them with other plan holders’ funds, with the goal of protecting your principal and earning long-term positive returns. We’ll make sure you collect all eligible grants to help you save even more. When your child is ready, withdraw your education savings in a way that works for you. It’s that easy to give your child a great advantage!

  • Contribute to your CST™ Advantage Plan

    We’ll help you set up a plan and a contribution schedule that works with your budget and your savings goals.

  • Collect Government Grants

    CESG (Canada Education Savings Grant) will match 20% of the first $2,500 you contribute every year to lifetime maximum of $7,200. Wee’ll help you, if you qualify for other grants too.

  • We invest your money

    From Canadian government and corporate bonds and mix equities to ETFs (exchange traded funds), your money is invested in opportunities to earn long-term positive returns over the life of your plan.

  • Your child embarks on their future with an advantage

    Qualified students can study full-time or part-time at home or abroad. We have one of the most flexible group plans for study options.

  • Take what you need, when you need it

    Take out what you need when you need it and leave the rest of your money to continue to grow until the 36th year of the plan.

Enjoy the benefits of growth

CST Advantage Plan generated an annual return net of fees of 12.1% in 20191. In addition, the value of your long-term investment for your child is further enhanced by the sales charge refund and Group Plan Benefits.

Annual Compound Returns

1 Year 3 Year 5 Year 10 Year
12.1% 5.8% 5.2% 4.0%

This table illustrates the annual compound returns of the CST Advantage Plan Total Portfolio Assets2, for the periods shown ending on October 31, 2019.

These returns are after the deduction of fees and expenses.3

Past performance is not indicative of future results.

  1. The Canadian Scholarship Trust Group Savings Plan 2001 has been renamed the CST Advantage Plan effective January 2020.
  2. Excludes the investment performance of Government Grants and Sales Charge Refund Entitlements.
  3. For more information, please refer to the 2019 Canadian Scholarship Trust Group Savings Plan 2001 Management Report of Fund Performance (MRFP).

What if your plans change? Don’t worry, you’ve got great options.

No matter which path your child chooses for their education, CST Advantage Plan has you covered. Our plans allow your child to attend post-secondary programs throughout Canada and almost anywhere in the world!

Option 1: Your child has decided to pursue post-secondary education and your CST Advantage Plan matures.

Withdraw your money in four Education Assistance Payments (EAPs) i.e. payment made to the beneficiary after they’ve enrolled in eligible post-secondary studies. – one per year

Withdraw your money in four Education Assistance Payment (EAPs) - 1 per year

  • Your Principal is returned (tax-free)
  • Your EAPs consist of:
    • Income on Principal
    • Government Grants
    • Income on Government Grants
    • Sales Charge Refund(*)
    • Group Plan Benefits

Option 2: Has your child decided to pursue post-secondary studies after you’ve already transferred your funds into another plan#. No problem.

Withdraw your money when you need it

  • Your Principal is returned (tax-free)
  • Your EAPs i.e. payment made to the beneficiary after they’ve enrolled in eligible post-secondary studies consist of:
    • Income on Principal
    • Government Grants
    • Income on Government Grants
    • Partial refund of CST Advantage Plan sales charges^

Option 3: Has your child decided to travel or head into the workforce instead?

Withdraw your money by

  • Principal Returned (tax-free)
  • Transferring the income on principal and grants as an Accumulated Income Payment (AIP; after tax)
  • Transferring the income on principal and grants to your RRSP or RDSP (tax-free)

Whichever path your child chooses, you’re covered with the CST Advantage Plan.

  • * We return 50% of your sales charge, as long as you make all your Contributions and your Beneficiary qualifies and receives all four EAPs.
  • # Transfer to Individual/Family Savings Plan will lead to loss of rights as a CST Advantage Plan subscriber. Please see Prospectus for details.
  • ^ Refer to the Prospectus for additional information.
  • † Government conditions apply.

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