Saving for your child’s education is one of the most important decisions you’ll make. But if you’ve searched online about CST Savings, you may have seen mixed opinions — and even some myths. The truth? CST has been helping Canadian families for over 65 years, supporting more than 900,000 students on their journey to higher education. We believe in transparency, flexibility, and trust. In this article, we'll clear up the most common misconceptions about CST and show you why thousands of families choose us to help make their education dreams a reality.
Our Registered Education Savings Plans (RESPs)
Myth 1: “CST is a scam”
We understand that the internet can be full of conflicting information. CST is not a scam. We’re a trusted Canadian organization that has helped families save for education since 1960. Our Registered Education Savings Plans (RESPs) are fully governed by the Income Tax Act (Canada) and its regulations, with oversight by the Canada Revenue Agency (CRA). We operate under strict regulatory standards to safeguard your investment and ensure compliance at every step.
While online viewpoints may vary, from satisfied customers to misinformation from non‑experts, the most reliable source of information about our CST RESPs is a licensed Sales Representative— an expert who has successfully completed the Dealing Representative Proficiency Course (DRPC), passed a rigorous final exam, and continues to build knowledge through ongoing product and compliance training. Like you, we want the best possible outcome for your child, and our business depends on your success. That’s why we’re committed to transparency, ethical practices, and long‑term results.
👉 Learn more: What happens to my money if I cancel my RESP?
Myth 2: “CST fees are too high”
Here’s the reality: there’s no such thing as a free RESP. Every provider charges fees — some just hide them under different names. At CST, we choose transparency. Our fees cover the cost of setting up and managing your Plan, and we make sure you know exactly what you’re paying.
Plus, if you stay with us until your child completes their education, we’ll give back 50% of the sales charges you paid as a CST Loyalty Bonus.* That’s our way of rewarding families who stick to their savings goals.
*CST Loyalty Bonus (Sales Charge Refund): For CST Advantage Plan only. Please see your Prospectus or education savings plan agreement for more information.
👉 Learn more: What are the fees CST charges and what are they used towards?
Myth 3: “You lose everything if your child doesn’t go to school”
This is one of the most common misconceptions — and it’s simply not true. If your child decides not to pursue post-secondary education, you have options. You can:
- Transferred the Plan to another child.
- Transferred to a different Plan with CST.
- Transferred some or all your income to your Registered Retirement Savings Plan (RRSP) if eligible (and if you have contribution room).
- Transferred some or all your income to your Registered Disability Savings Plan (RDSP) if eligible.
- Withdrawn (tax applies).
Your principal* is always returned to you tax-free, and government grants go back to the government.
*Principal: a subscriber’s accumulated contributions less sales charges and account maintenance fees.
👉 Learn more: What happens if my child doesn’t go to post-secondary education?
Myth 4: “If I miss a payment, I’ll lose all my money.”
No – missing a payment doesn't mean you lose everything. With CST, you’re supported through life’s ups and downs thanks to flexible options that adapt to your needs. We provide a number of options including:
- Changing your contribution schedule.
- Pausing or adjusting payments if needed.
- Making lump-sum contributions instead of monthly ones.
👉 Learn more: If I lose my job or miss a payment, will I lose all my money?
Why Families Trust CST
- 65+ years of experience helping Canadians save for education.
- 900,000+ students helped.*
- Transparent fees and flexible plans.
- Ethical investing practices.
- Dedicated support from trained Sales Representatives.
* Canadian Scholarship Trust Plan 2025 Audited Financial Statements.
Ready to Learn More?
Visit our FAQ hub or speak to a CST Savings Sales Representative today. Your child’s future is worth planning for — and we’re here to help.