What is a CST account?
Central Sales Tax (CST) is an indirect tax, origin based tax on customers and is payable in the state where a particular product is sold. CST is charged only on inter-state transactions and any transaction within a state or import/export of goods does not fall under its purview.
How do you get CST money?
When your child is enrolled in a post-secondary school, you can access the money in your CST RESP. This means that the funds in your RESP can be withdrawn and the child can use them to pay for school. CST will always send you a reminder email to let you know when it's time to access your funds.
What is CST investment?
With CST Plans, you receive professional investment management and monitoring. Our investment strategy aims to provide long-term value by investing to both protect your principal and earn positive long-term returns.
How do I get out of CST RESP?
You will need to submit a completed RESP withdrawal form or EAP application form; this form will be provided by CST whenever you are ready. You will also need to provide a Proof of Enrolment form (POE) which is supplied to your student by the school.
Who are CST Consultants?
As a wholly-owned subsidiary of the Canadian Scholarship Trust Foundation, CST Consultants Inc. manages and distributes Canadian Scholarship Trust Plans including CST Advantage Plan, Family and Individual Savings Plans and has been proudly helping families save for their child's education since 1988.