Canadian Scholarship Trust Plan

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Aashu
Member since: Nov 04

Posts: 1353
Location: Vaughan
Post ID: #PID

Posted on: 19-05-06 16:18:25

Has any one heard of them ? CST : Canadian Scholarship Trust Plan.

Is it recommended to do RESP thru them ? Its a group / pool / units system.

Pramod Chopra
Member since: Sep 03

Posts: 1284
Location: Pickering, ON
Post ID: #PID

Posted on: 19-05-06 16:59:09

Quote:
Originally posted by Aashu

Has any one heard of them ? CST : Canadian Scholarship Trust Plan.

Is it recommended to do RESP thru them ? Its a group / pool / units system.

There is a lot of information on various types of RESPs on this site under the same thread which can help you decide which RESP to go for. The group RESPs have lots of limitation which you do not have in Self Directed RESPs and you end up paying lots of fees in Group RESPs and plans in comparison to Self Directed RESPs which offer you lots of flexibility.

Before joining any trust or scholarship plan or any other RESP, please read the prospectus THOROUGHLY and make sure how much fees per unit you will be paying, if any, and what happens in case you can not continue the plan for any reason? How much charges they would deduct from the contributions you made etc.

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Pramod Chopra
Senior Mortgage Consultant
Mortgage Alliance Company of Canada

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