If the beneficiary doesn't pursue post-secondary education, you have a number of options depending on the plan that you have:

• If you have a Group Savings Plan, or CSTTM Advantage Plan, the beneficiary has 36 years after you opened your plan to qualify for Educational Assistance Payments (EAPs).
• With the Founders' Plan, the beneficiary has 6 years (from the year that they turn 18) to claim the EAPs.
• You may also be eligible to transfer the plan to another eligible beneficiary.

Under certain conditions, you could transfer the plan to an Individual or Family Savings Plan with CST (but please understand that you would lose the Advantage Plan Benefits and your CST Loyalty Bonus will be reduced):

• You may be able to transfer some or all your income to your Registered Retirement Savings Plan (RRSP) tax-free; or
• You may be able to transfer some or all your income to a Registered Disability Savings Plan (RDSP) tax-free; or
• You may be able to withdraw the income (at your marginal tax rate plus an addition 20%)

We will work with you to assess all of your options. Please remember, however, that, in the case the beneficiary does not pursue post-secondary education, the government requires that all of its unused grants be returned.