We’re all about making this transition hassle-free and as smooth as possible for our customers.
Here’s how it’s going to work: If planholders approve the proposed plan changes, we’ll open a CST Spark RESP account for you and transfer the cash value of your assets (that’s your contributions, government grants, and all the income you’ve earned) to the new RESP account. Based on your child’s age, we’ll invest your money in a CST Spark Education Portfolio (mutual fund) with a similar asset mix to what you had in your CST Spark Bright Plan. That’s all there is to it! There’s nothing complicated for you to do or figure out on your end. Your money will be invested as it always was—based on your child’s age—with one goal in mind: that you can help pay for post-secondary education when the time comes.
While we’ll recommend the best CST Spark Education Portfolio for your needs, we get that you may want to learn about our other portfolios, too. You can always give us a call at 1-800-461-7100 and we’d be happy to discuss your options with you.