Hey there! Searching for information regarding the CST Canadian Scholarship Trust? You’re at the right place. This article features everything you need to know about the Canadian Scholarship Trust. Read on!
CST Canadian Scholarship Trust Foundation is located in North York, Ontario. It is one of the Grant making and Giving Services Industry in Canada. Canadian Scholarship Trust Foundation has a total of 125 employees across all of its locations and generates approximately $243.29 million in sales (USD).
Your child is a reflection of everything you hold dear and and believe in. Everybody wants the best for their children. That is why the effort to educate them is one of the best investments you can make.
The Canadian Scholarship Trust Plans have an excellent understanding of Registered Education Savings Plans (RESPs). In fact, they focus mainly on education savings, which is the conduit through which they help to make higher education financially possible for the children in Canada.
The Canadian Scholarship Trust Plans are provided by The Canadian Scholarship Trust Foundation and distributed by Canadian Scholarship Trust (C.S.T) Consultants Inc.
The C.S.T Foundation is a non-profit foundation established in 1960, the foundation is committed to helping Canadian families save for their children’s post-secondary education.
C.S.T. Consultants Inc. exclusively handles, distributes and administers the plans. They make education savings easy to understand while delivering low risk, hassle-free Registered Education Savings Plan (RESP) solutions that give citizens peace of mind.
Who Can Participate In The Canadian Scholarship Trust Plan?
The trust plan is for everyone; Parents, grandparents, other relatives, even a friend of the family, as long as the child resides in Canada permanently.
Canadian Scholarship Trust Fund Eligibility
The Canadian Scholarship Board is excited to invite eligible applicants to apply for one of scholarships.
Guruparan, Winsor, Laredo Scholarships
These scholarships are granted, through competition, to Canadian students who are gifted academically, well-rounded, and pursuing their first undergraduate degree or diploma at a recognized post-secondary institution in or outside the country.
The scholarship program is open to all students. However, those students whose parents/guardians do not have a post-secondary education or received their post-secondary education outside of Canada will be highly considered. The value of Winsor, Guruparan and Laredo Scholarships is $6,000.
Whitmer Trudel Scholarship
The Whitmer Trudel Scholarship provides financial aid to a Canadian student who would not otherwise have the financial means to get a post-secondary education.
This scholarship is made available to Canadian student who are gifted academically and entering their first year of undergraduate post-secondary with a stated goal to make a positive contribution to Canadian society.
The value of the Scholarship is $25,000.
Canadian Scholarship Trust: Eligibility
To be eligible for the Canadian Scholarship Trust, applicants must:
- Be a citizen of Canada or permanent resident in Canada.
- Show financial need for the scholarship.
- Have finished high school level education (or equivalent).
- Be enrolled in a Post-secondary program at an eligible institution in Canada.
Application Requirements and Process for C.S.T
Applications are submitted through their official C.S.T Foundation online portal on their website While the explicit requirements may change each year for the students, the main components of an application always include the following materials:
- Canadian scholarship Trust requires your Current high school transcript.
- Canadian Scholarship Trust requires Your admission decision letter (if available) from an eligible post secondary institution.
- You’ll be mandated to upload a personal statement about your financial need.
- Applicants will be required to submit one reference letter.
- You’ll be required to answer one short essay question.
How to Apply for C.S.T Foundation
Applications for the 2023 CSTF Bursaries and Founders’ Awards starts on the 4th of April, 2023.
Click here for more information.
Application Deadline
The application deadline for the cst Canadian Scholarship Trust is 10th of June, 2023. Applicants are advised to register before the deadline.
Frequently Asked Questions
Q. What is the minimum amount that I need to open a Registered Education Savings Plan (RESP) from CST?
A: The minimum amount you need to invest to open an RESP from CST should be more than $9.50 per month or 1/10th of a unit. This low contribution level is one of the main advantages of the group savings plan.
If you register for a Family Savings Plan or Individual Savings Plan the minimum initial contribution is $150. If your child is a recipient of the Canada Learning Bond, the minimum opening contribution for the Family Savings Plan and Individual Savings Plan will be waived.
Q. What are the tax advantages of a Registered Education Saving Plan (RESP)?
A: The Registered Education Savings Plan (RESP) offers you three distinct tax advantages:
- The investment interest earned on your principal increases tax-free within the plan.
- The government grants also earn tax-free investment fund within the plan.
- Payments from the plan are not taxable in your name, but in your child’s name. Since students tend to have little or no yearly income, little or no tax is payable.
Q: How is the money invested?
A: C.S.T Foundation investment methodology is in line with their corporate vision of assisting clients save for their children’s post-secondary education through conservative, long-term investments.
Their disciplined savings approach balances the need for money earned with principal protection and safety from excess market volatility.
Principal protection
Your Registered Education Saving Plan (RESP) principal (contributions net of sales charges and fees) is invested in securities such as fixed income government and financial institution bonds.
Once your child is ready to begin post-secondary education, your principal will be returned.
Enhanced earning power
The money earned from your principal is invested in a mix of Canadian equities and United States Equity Exchange Traded Funds (ETFs) to ensure your investment earns positive returns over the life of the plan.
The Plans are managed in unison with the investment restrictions set out by the Canadian Securities Administrators. Canadian Scholarship Trust (C.S.T) Consultants Inc. has provided an undertaking to the securities regulators to revamp these restrictions.
Conclusion
The Canadian Scholarship Trust (C.S.T) Foundation provides financial assistance through awards and bursaries, assisting students across Canada reach post-secondary learning opportunities.
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I want to live in Canada