Can I transfer money from one RESP to another?
Yes, you can usually transfer money from one RESP to another. But in some cases, there may be penalties involved. For example, you could have to pay back some grant money or pay a transfer fee.
If you have a CST Spark RESP and are looking to transfer it to another promoter/RESP provider, we can help you figure out how much to transfer and when to do it to minimize penalties. Feel free to reach out to us Monday to Friday from 9 am to 5 pm ET, over the phone or via live chat.