The simple way to invest in your child's education
Bright Plan is a Registered Education Savings Plan (RESP) that helps you save for your child's education after high school. It's the smart, simple and flexible solution to help you make your child's dreams become a reality.
Skip the bank when it comes to investing in your child’s education.
How it works
Start your application online
You can start with as little as $10/month and we'll do the work for you.
Watch your money grow
With age-based rebalancing, the investment mix automatically shifts as your child ages.
Withdraw to pay for school
When the time comes, withdraw your money and let your child's learning begin!
This illustration also shows how much a plan like yours may be worth when your child is 18.5 years and compares this amount to the estimated cost of a university or college education at that time. The projected value includes principal, government grant, income on principal and grant earned to date, future scheduled contributions (if any) until your child turns 18.5 years and government grants you are expected to accumulate. The projected income on principal and grants is estimated from today’s date to the date when your child turns 18.5 based on a series of annual net rates of return ranging from 1.5% to 4.0% that reflect your child’s age group and the changes in the asset allocation over the life of your plan.
The projected value for each beneficiary in a Family Plan with multiple beneficiaries is estimated using each beneficiary’s allocation of the principal and future scheduled contributions, the income on allocated principal you are expected to accumulate for each beneficiary and the specific share of grant and grant income allocated to each individual beneficiary.
This illustration assumes all scheduled contributions will be made. It is not intended to show an actual future value. Investment returns and the actual future value of your education savings plan cannot be predicted or guaranteed.
Projected tuition and compulsory fees are based on the annual average cost across Canada for the previous school year and an assumed annual increase of 3.4% based on the previous 5 year's average. Living costs include: compulsory fees; room and board which is based on costs of residence with an annual increase of 1.95%; and the costs of entertainment, transportation and books which are adjusted using an annual inflation rate of 2%. Source: Statistics Canada 2018, university, college, government and college association websites.
Meet some terrific CST families
Over 500,000 Canadian families have put their faith in CST with their education savings since 1960.
Some of our customers celebrated our 1st birthday by entering a contest draw to win one of two $250 VISA gift cards and told us what saving with CST Spark meant to them. Every customer may not feel this way, but we are glad to hear how they feel!
Invest in your child's bright future with CST, the creator of the education savings plan in Canada
Over 570,000 Canadian families have put their faith in us with their education savings
to offer RESPs in Canada
CST was the 1st to lobby for education savings plans in Canada
in managed assets
Rest easy knowing hundreds of thousands of Canadians trust CST with their education savings
industry leading partners
Trusted advisors from CST, Blackrock and RBC Investor Services Trust take care of your plan.
Change your mind? No worries, you'll get all your contributions back within the first 60 days.
Schedule a free consultation
Have some questions? No problem, schedule a free consultation at a time that is convenient for you.
Investing in your child's future just takes a few minutes.
Start saving right away or call and speak to us for more information